BlockChain-based certificates verification platform TheRollNumber has raised $165K USD as a part of seed round led by Inflection Point Ventures. The funds raised will be used to reinforce the technology stack, improve the platform, and make greater use of data stacks, as well as to expand the team and operations.
Sai Raghavendra Sharma, a second-time entrepreneur, founded TheRollNumber in December 2020 with an aim of creating a platform For the largely unorganized background verification and credential-issuing market. The company runs background checks in about 15 minutes. They intend to concentrate their efforts on the background verification ecosystem as there are very few amalgamated platforms that focus on all the stakeholders i.e, Employer, Universities, and Individuals in the ecosystem.
Vikram Ramasubramanian, Partner, Inflection Point Ventures says, “Blockchain technology has disrupted many niche sectors. TheRollNumber is cutting down the hassle of verifying the certificate/documents manually. We witness Lakhs of admission to institutions, especially in peak season and employment is an ongoing process and post-pandemic where scanned documents are shared with employers, one can leverage the TheRollNumber platform and verify the credibility in less time without spending much. Centralization of sensitive information led us to invest in TheRollNumber. Time-saving and cost effective approach of TheRollNumber has determined us to back their vision.”
Sai Raghavendra Sharma, Founder, TheRollNumber says, “TheRollNumber aims to provide a credential management system to individuals which is need of the hour, TheRollNumber is building a system which not only enables digitization and verification in less than 15 minutes but also let users or Individuals know “ Who, why when and how are the credentials being utilized” which helps the problem of identity and credential theft.”
