Veremark is a global background screening and reference checking platform founded in 2018 and headquartered in London, UK. The company offers a digitized and automated hiring verification solution that helps businesses reduce hiring risks by conducting checks on prospective employees, business partners, limited partners, and founders. Veremark covers over 180 countries with more than 40 types of background checks. It serves industries including finance technology, HR, staffing, recruitment, and the gig economy. Veremark integrates advanced technology such as blockchain for its unique candidate career passport called Verepass, empowering candidates to manage verified credentials efficiently.
Founded in 2018 by Daniel Callaghan and Daniel Braithwaite, Veremark has experienced rapid growth. The company tripled its client base since its Series A funding round in July 2022. It expanded its global reach by acquiring Employrite, an Australia and New Zealand-based background screening firm, broadening its footprint especially in the Asia-Pacific region. Veremark operates offices in multiple countries including Singapore, the US, Australia, New Zealand, and the Philippines.
Veremark has raised approximately $14.18 million over five funding rounds, including seed, accelerator, and Series A rounds, with the latest being an incubator/accelerator round in September 2024. Its valuation increased by about 50% following the Series A round. Investors include Samaipata, Stage 2 Capital, ACF Investors, and Vulpes Investment. The company has been valued positively as it continues to capitalize on the growing global emphasis on compliant hiring and workplace trust.
Veremark expanded geographically by acquiring Employrite, an established background screening company covering Australia and New Zealand, strengthening its presence in the Asia-Pacific market. This acquisition aligns with Veremark's strategy to scale globally and boost its technological infrastructure, especially in offering blockchain-enabled credentialing.
Veremark developed Verepass, a blockchain-based candidate career passport. This feature allows candidates to securely own and reuse their verified credentials, which helps reduce redundant checks and accelerates the hiring process with improved data integrity and trust. Veremark continuously enhances its screening technology and workflow customization to meet evolving market demands.
Veremark’s culture is deeply rooted in integrity, transparency, and respect for sensitive data. It prioritizes customer-centricity and reliability by fostering a culture of trust and accountability. The company aims to help ease the stress of employment transitions for candidates while enabling employers to make well-informed decisions based on reliable data. Their values emphasize ethical data management and clear, data-driven decision-making.
Veremark serves a wide user base that includes small businesses, mid-sized companies, and enterprises across multiple sectors such as information technology, human resources, marketing, and finance. It has built a community of HR professionals, compliance officers, and recruitment teams that rely on its platform to streamline hiring processes worldwide. It is used by major clients like OVO Energy, Wise, and Schneider Electric, reflecting a trusted partner status among global enterprises.
