Certn, a leader in online background checks and identity verification, announced it secured an additional US$30M in Series B financing with over US$29.5M coming from Export Development Canada (EDC).
To date, Certn has raised over US$114M in venture funding with US$80M coming via the latest Series B round. This additional funding helps Certn, who acquired Australia’s InterCheck a year ago, expand its revolutionary background screening technology in APAC markets.
This additional round follows a period of record revenue growth to the tune of 14533% from 2018 to 2022 — making Certn the second-fastest growing Canadian company according to Deloitte Canada’s Technology Fast 50 program.
EDC, Canada’s export credit agency, has been helping Canadian companies for decades confidently enter new markets, reduce financial risk, and grow their business. EDC joins other Series B investors including B Capital, a strategic partner of Boston Consulting Group, Bank of Montreal, Gaingels, Covalent Ventures, Tribe, Inovia Capital, Telstra Ventures, Scribble, and Moxxie Ventures.
Andrew McLeod, CEO and Co-Founder of Certn, said: “We’re grateful for EDC’s support and excited to use this funding toward product development and to bring our technology to new users in international markets.”
Dan Oak, Managing Director, Asia-Pacific added, “This funding helps Certn InterCheck unlock new opportunities, like those with our partners in the telecommunications, mining, travel and government services sectors, through instant identity verification and faster, easier police checks.”
Guillermo Freire, Senior Vice-President Mid-Market of EDC, said: “We’re delighted by this strategic relationship with Certn. How the company has fundamentally changed background screening with its online platform and quick, mobile-enabled processes presents tremendous opportunity in the global marketplace.” Freire added, “Their innovative approach to problem solving for their clients combined with their high-growth potential in international markets is why EDC is making this important commitment to fuel and sustain Certn’s impressive growth.”
This expansion follows Certn’s acquisition of InterCheck and Credence in the United Kingdom, and partnerships with Oz companies. Certn provides international and domestic background checks and identity verification for employers and anti-money laundering (AML) compliance.
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