London-based startup Konfir has raised a £2m seed round to develop and expand its employment and income verification tools.
Konfir’s platform provides businesses with access to instant employment and income verification services, with the aim of streamlining the onboarding process for employers, landlords and lenders.
The company combines proprietary data sources and algorithms to provide up-to-date verification of employee information.
The round included participation from new and existing investors including Triple Point, Love Ventures, Portfolio Ventures, and a range of angel fintech investors.
It brings the company’s total funding to £3.6m, with the company raising £1.6m in March 2022.
Chris Milligan, CEO at Konfir, said: “The continued support of Triple Point and new investment from Love Ventures, Portfolio Ventures and our group of angel investors is a testament to the growing demand for instant, consumer-controlled employment and income verification in Europe.
“In a tough fundraising environment, I’m proud of our team’s execution over the last year resulting in this capital, which allows us to continue to develop the platform and provide more people with the tools they need to advance through life.”
Konfir currently employees 14 people and has worked with KPMG, Tesco and Accenture.
Adrian Love, co-founder and general partner at Love Ventures, added: “It’s crazy that there’s been no single source of instant employment and income data verification until now. This is especially pressing given the huge variety and volume of companies crying out for this crucial data validation when helping customers take on life’s big events, whether it’s getting a job, house, credit, or anything in between.”