V

Veremark

Provides global employment background checks platform

Overview

Veremark provides background checks and candidate screening for HR and recruitment, serving clients globally. It offers more than 40 types of checks (including adverse financial history and civil background) across 180+ countries. Its B2B model lets clients customize checks via an award-winning software platform. Revenue comes from subscriptions and per-check fees. The platform integrates with Applicant Tracking Systems (ATS) and HRIS to streamline hiring. Veremark focuses on transparency, reliability, and trust to reduce stress for candidates changing roles and to help companies make informed hiring decisions. Compared with competitors, Veremark differentiates itself through its extensive country coverage, wide range of check types, customizable check packages via an integrated platform, and strong ATS/HRIS integrations. The company's goal is to simplify and improve the accuracy of hiring by providing comprehensive, trusted background information so clients can hire confidently.

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About Veremark

Simplify's Rating
Why Veremark is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareCybersecurity

Company Size

51-200

Company Stage

Private

Total Funding

$44.2M

Headquarters

London, United Kingdom

Founded

2018

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Simplify's Take

What believers are saying

  • February 2026 Series B raised $26 million for AI and global expansion.
  • Revenue run rate grew 300% in 2025, and customers exceeded 6,000.
  • FT 1000 ranked Veremark 158th in 2026, validating sustained growth.

What critics are saying

  • HireRight, Sterling, and Checkr compress pricing and bundle screening into ATS platforms.
  • Crowd-sourced Trustpilot complaints highlight data-retention distrust and reputational risk.
  • If ServiceNow or ATS partners internalize screening, Veremark loses distribution quickly.

What makes Veremark unique

  • ServiceNow integration embeds screening inside HR workflows, cutting manual handoffs.
  • Veremark covers 40+ checks across 180+ countries, fitting multinational hiring.
  • RMI and Agenda acquisitions deepen APAC coverage and government visa-check capability.

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Funding

Total Funding

$44.2M

Below

Industry Average

Funded Over

7 Rounds

Secondary funding comparison data is currently unavailable. We're working to provide this information soon!
Secondary Funding Comparison Coming Soon

Benefits

  • Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-3%
Crowdfund Insider
Oct 5th, 2026
Veremark secondary closes at $640,000 on Crowdcube as background checker hits $8.5M revenue

Veremark, a background-checking platform, closed its secondary offering on Crowdcube today with 51 investors committing £504,461 to purchase insider shares at £6.34 per share. The company generated £6.7 million in annual revenue in 2025, representing 54% year-on-year growth. In June, Veremark reported $21.3 million in annual recurring revenue and 2,322 active customers, up 162% year-on-year. Earlier this year, Veremark raised $26 million in Series B funding at a $100 million valuation. Crowdcube investors are purchasing shares at the same valuation as the recent venture funding round. The offering represents another secondary transaction for Crowdcube as the platform expands beyond primary issuances.

Crizora
Aug 26th, 2026
AI makes Hiring Fraud harder to detect, experts warn.

AI makes Hiring Fraud harder to detect, experts warn. A webinar hosted by HRM Asia in partnership with Veremark examined how artificial intelligence is amplifying traditional hiring fraud, making it more convincing and harder to catch during standard screening. Experts from Veremark and Allegis Global Solutions discussed specific discrepancies and the blurring line between legitimate AI use and misrepresentation. The problem: old fraud, new convincing power. Artificial intelligence has not invented a new category of hiring fraud, but it has made an old one considerably more convincing and harder to detect at the stage where most organizations still look for it. That was the central warning from The Rise of AI Hiring Fraud: What People Leaders and Talent Acquisition Teams Across Asia-Pacific Need to Do Now, a webinar hosted by HRM Asia in partnership with background screening provider Veremark [[4]]. Moderated by Damini Chawla, the session featured Elanie Ooi, vice-president of people and culture at Veremark, and Alisa Koh, recruitment operations manager at Allegis Global Solutions. The discussion addressed how AI tools are enabling candidates to present fabricated credentials that survive initial scrutiny, particularly in video interviews and written assessments. Ooi opened with a case that made headlines, in which a cybersecurity firm unknowingly hired someone using a stolen identity and AI-enhanced imagery [[4]]. The candidate cleared multiple video interviews because everything appeared authentic; once onboarded, the individual attempted to install malware. "AI did not create a new type of fraud," Ooi said during the session. "It made an old one much more convincing" [[4]]. The data: where screening falls short. Veremark's screening benchmark data, drawn from a database of approximately half a million cases, indicates that CV gap analysis produces the highest discrepancy rate of any check, surfacing issues in 51.7% of cases where it was applied [[4]]. Ooi noted that most of these discrepancies are not deliberate deception - some reflect genuine error or poor record-keeping - but the finding underscores that what appears on a CV or resume does not always tell the full story. The challenge for talent acquisition teams is that traditional verification methods often occur too late in the process. By the time background checks are initiated, organizations have already invested significant resources in interviews and assessments, and hiring managers have formed impressions that are difficult to reverse. The gray zone: preparation versus misrepresentation. For Koh, the line between legitimate preparation and misrepresentation has become harder to draw. Responsible use, she explained, involves AI helping a candidate communicate real experience more clearly - structuring a CV, organizing examples, and preparing for conversations. The tool crosses into problematic territory when used to inflate experience or imply ownership and accountability the candidate never had [[4]]. She pointed to CV matching as a live concern at Allegis Global Solutions. Candidates are using AI to rewrite resumes so they mirror job descriptions almost exactly, creating documents that pass automated screening but may not reflect genuine capabilities [[4]]. The audience reality: early-stage AI adoption. An opening poll during the webinar suggested that organizations across Asia-Pacific remain early in their AI journey. Attendees from Singapore, Hong Kong, Malaysia, the Philippines, and Thailand overwhelmingly described their organizations as cautiously exploring AI in recruitment or not using it in any meaningful way, with few reporting established or experimental programs [[4]]. This gap between the sophistication of fraud techniques and the maturity of defensive measures creates a vulnerability window. Organizations that have not yet integrated AI into their hiring processes may lack the frameworks to detect when candidates are using these tools deceptively. Implications for HR and Talent Acquisition. The shift requires HR teams to move beyond checklist-based verification toward behavioral and contextual assessment. Specific operational adjustments include: * Layered verification: Combining AI-detection tools with human judgment at multiple stages, rather than relying on a single background check at the end of the process. * Interview design: Incorporating real-time problem-solving and situational questions that require candidates to demonstrate thinking processes rather than recite prepared responses. * Reference depth: Moving beyond confirmation of employment dates to detailed discussions about specific projects and collaborative contexts. * Identity verification: Implementing multi-factor identity checks early in the process, particularly for remote roles where video manipulation is easier to execute. The webinar highlighted that detection is no longer just about catching lies, but about verifying the authenticity of the entire presentation layer - visual, written, and verbal - that candidates bring to digital hiring processes. Conclusion. As AI tools become more accessible, the barrier to creating convincing fraudulent applications continues to drop. The experts emphasized that the goal is not to eliminate AI from hiring - candidates will legitimately use these tools to prepare - but to develop screening methodologies that distinguish between enhanced communication and fabricated reality. For HR leaders, this means auditing current verification points to identify where AI-enhanced deception could slip through, and retraining teams to recognize the signs of over-polished, algorithmically optimized applications that lack substantive depth. Get the latest HR news. Crizora will notify you when Crizora publish new Crizora news. No spam, unsubscribe anytime. Put these trends to work in your organization. Over 5,000 companies already optimized their operations with Crizora. No installation, no long-term contracts. No credit card · | Setup in 24h · | Support available

HRM Asia
Aug 11th, 2026
AI didn't invent hiring fraud. It made it harder to see.

AI didn't invent hiring fraud. It made it harder to see. Candidates are using AI to prepare more effectively, and recruiters are struggling to tell preparation from inflation. At an HRM Asia webinar with Veremark, panellists argued the question has moved from whether a CV matches a role to whether the experience behind it is real. * Josephine Tan * August 11, 2026 AI has not created a new category of hiring fraud. What has been done is make an old one considerably more convincing - and considerably harder to catch at the stage where most organisations still look for it. That was the framing running through The Rise of AI Hiring Fraud: What People Leaders and Talent Acquisition Teams Across Asia-Pacific Need to Do Now, a webinar hosted by HRM Asia in partnership with background screening provider Veremark. Moderated by Dr Damini Chawla, the session brought together Elanie Ooi, Vice-President of People and Culture at Veremark, and Alisa Koh, Recruitment Operations Manager at Allegis Global Solutions. An opening poll suggested the audience was still early in its AI journey. Attendees from Singapore, Hong Kong, Malaysia, the Philippines, and Thailand overwhelmingly described their organisations as cautiously exploring AI in recruitment or not using it in any meaningful way - with few reporting established or experimental programmes. An old problem, better disguised Ooi opened with a case that made headlines last year, in which a cybersecurity firm unknowingly hired someone using a stolen identity and AI-enhanced imagery. The candidate cleared multiple video interviews because everything looked authentic; once onboarded, the individual attempted to install malware. "AI did not create a new type of fraud," Ooi said. "It made an old one much more convincing." Veremark's screening benchmark data points in a similar direction. Drawing on a database of around half a million cases, Ooi said that CV gap analysis produced the highest discrepancy rate of any check, surfacing issues in 51.7% of cases where it was applied. She was careful to note that most of those discrepancies are not deliberate deception - some reflect genuine error or poor record-keeping. The key point is narrower: what appears on a CV does not always tell the full story. For Koh, the line between preparation and misrepresentation is not new, but it has become harder to draw. Responsible use, in her view, is AI helping a candidate communicate real experience more clearly - structuring a CV, organising examples, and preparing for a conversation. It crosses over when the tool is used to inflate experience or imply ownership and accountability the candidate never had. She pointed to CV matching as a live concern at Allegis Global Solutions. Candidates are using AI to rewrite resumes so they mirror the job description almost exactly, and because many screening processes still rely on keyword matching, a thin profile can read as strong. The question for recruiters, Koh argued, is shifting from whether the experience behind it is genuinely there. The checks that find the least One of the sharper findings concerned where organisations put their screening budgets. Ooi said database checks - fast, automated, and often mandated by policy - uncover discrepancies in less than 1% of cases. Employment verification flagged issues in more than 15%, and education verification in more than 21%. Asked where a CHRO with a limited budget should invest first, Ooi nominated employment verification, on the basis that employment history underpins most hiring decisions. She also suggested that HR leaders ask their screening providers a single question: which of our checks actually uncover discrepancies? An answer grounded in data enables an informed decision; one grounded in tradition or compliance alone signals an opportunity to rethink the programme. Koh added a timing dimension. Verification concentrated at the end of the process means identity or credential issues surface only after an offer has been accepted, by which point sourcing and interviewing costs are already sunk. Organisations handling this well, she said, apply a risk-based approach - deeper checks for fully remote or technical roles with access to sensitive systems - and move identity or credential verification forward, often between final interview and offer, or run employment and education checks in parallel. Candidate experience need not suffer as a result. What frustrates candidates, Koh noted, is rarely verification itself but repeated requests for the same information and silence about what happens next. Interviewing for evidence Both panellists returned to the interview as the point where human judgement still does distinctive work. Koh described the moment that makes her pause: a candidate's account sounds polished, but the evidence behind it is missing. Her follow-ups probe for the difficult decision, the stakeholder who pushed back, and what a project sponsor would identify as their contribution - questions that are harder to rehearse. Equally, she cautioned against treating non-traditional profiles as warning signs. Career breaks, non-linear paths and AI-assisted preparation are not, in themselves, cause for concern. Ooi also flagged a gap after day one. Veremark's report found only around 15% of organisations conduct post-hire screening, leaving the remainder relying on information that may have aged since the initial check - as licences lapse, conflicts of interest emerge, and employees move into roles with greater data access. Her closing challenge reframed the whole exercise: instead of asking whether hiring is compliant, ask whether it is confident. "Compliance sets the minimum standard," she said. "Confidence is what helps you to make better hiring decisions."

International Swim School Association
Jul 6th, 2026
Veremark and the International Swim Schools Association partner to make safe hiring standard in swim schools worldwide.

Veremark and the International Swim Schools Association partner to make safe hiring standard in swim schools worldwide. ISSA member schools gain a trusted route to background screening and qualification checks, so every swim teacher is verified and safe to work with children from day one. Veremark, the global background screening and workforce verification provider, has partnered with the International Swim Schools Association (ISSA), the global peak body for swim schools, to help member schools strengthen safeguarding through verified, consistent hiring. Swim schools work with children every day, which makes recruitment the most sensitive part of running one. ISSA members report that finding and retaining qualified teachers is among their hardest shared problems, and that safeguarding standards can be difficult to hold consistent across staff, sites and countries. Screening a new teacher often still means paperwork, chasing referees and manual record-keeping. The partnership pairs ISSA's work in education, research and accreditation with Veremark's screening platform, which covers checks in over 180 countries. Through it, ISSA member schools can: * Run background and identity checks built for safe recruitment * Verify right to work and swim-teaching qualifications before a teacher starts * Keep child-safety checks consistent across every teacher, site and country * Manage and track every check in one place, cutting admin and follow-up Oliver Lobb, Partnership Manager at Veremark, said: "Swim schools carry a level of trust most employers never face. Parents hand over their children and assume everyone at the poolside has been properly checked. Working with ISSA, we can turn that assumption into a certainty for member schools, wherever they operate." Emily McNeill, Global Partnerships Executive at ISSA, said: "Our members tell us recruitment is their biggest challenge, and safeguarding is the part they can least afford to get wrong. This partnership gives them a single, reliable way to verify every hire, so they can focus on teaching more children to swim safely." The partnership is live now. ISSA member schools can find out more at veremark.com/partners/issa or by speaking with the Veremark team. About Veremark Veremark is a global background screening and workforce verification company on a mission to help the world trust faster. It runs more than 40 types of check across 180+ countries, from criminal record and identity checks to right to work, employment history and qualification verification, all managed through one platform. Veremark is ISO 27001 certified and has offices in the UK, USA, Singapore, Australia, New Zealand, the Philippines and the UAE. Learn more at veremark.com. About ISSA The International Swim Schools Association is the global peak body for swim schools, connecting aquatic educators, industry leaders and partners worldwide. ISSA raises the quality, safety and accessibility of learn-to-swim education through education, research, accreditation, networking and international collaboration. Learn more at issaswimschools.org.

Singapore Business Review
Feb 24th, 2026
Veremark acquires RMI, adds 70 specialists and partnerships with Singapore government agencies

Risk Management Intelligence (RMI), a background verification company, has been acquired by global workplace trust firm Veremark as part of its international expansion. The deal brings RMI's 70 specialists into Veremark and strengthens partnerships with Singapore's Ministry of Manpower, Early Childhood Development Agency and Nanyang Technological University. Founded in 2012, RMI provides background screening across Asia-Pacific using public records, sanctions and watchlists. The acquisition follows Veremark's $26 million Series B funding round and its purchase of Agenda Screening Services. Veremark said the investment will expand its screening capabilities in Singapore, including government visa checks. Operations for RMI's customers and partners will continue as usual under the new ownership.

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