Like many university students before him, Nathan Merzvinskis worked on the side to help pay the bills. But unlike others, it wasn't his degree that spawned the idea that's just been valued as a multi-million dollar business.
Westpac-backed venture capital fund Reinventure has led a $1.5m seed round investment in Everproof to create greater transparency in financial services.
Melbourne startup Everproof, whose platform digitises and verifies accreditations, has raised $1.5 million in a seed funding round led by Reinventure and Allectus Capital as it looks to expand its offering into the financial services market.
Everproof chief executive Nathan Merzvinskis tells StartupSmart the fundraising process for his company’s seed round got underway in October last year but took a lot of energy from both him and his team.
Venture capital fund Reinventure has pumped in 1.5 million into verification firm Everproof – the company is creating technologies that'd let businesses check qualifications and identities on an ongoing basis.
The startup, which provides a digital identity verification system for employers to check qualifications and accreditations of their staff members, will use the funds for international expansion, team hires, and product development.
Australian digital identity verification startup Everproof has announced the completion of an A$1.5 million ($1.17 million) seed financing round. The round was led by Westpac-backed Reinventure, with additional backing from investment firm Allectus Capital.