Online identity verification company Certn today announced the securing of an additional US$30M in Series B financing.
The financing hails primarily from Export Development Canada and builds on US$50 million in Series B funding led by B Capital in 2022.
Export Development Canada is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has financial products and knowledge for Canadian companies to enter new markets, reduce financial risk, and grow business as they go from local to global.
“We’re grateful for EDC’s support and excited to use this funding to bring our technology to international markets,” stated Certn cofounder and CEO Andrew McLeod.
To date, the Victoria-based AI innovator has raised US$114 million in venture funding—of which the two-part Series B accounts for roughly $80 million.
“We’re delighted by this strategic relationship with Certn,” added Guillermo Freire, Senior Vice-President Mid-Market of EDC. “How the company has fundamentally changed background screening with its online platform and quick, mobile-enabled processes presents tremendous opportunity in the global marketplace.”
Certn said its latest funding will be used to expand its background screening technology in EMEA and APAC markets.
“We’re ready to solve new problems and this funding helps Certn empower new clients, like those in the gig economy and retail, travel, and hospitality sectors, to unlock more opportunities through seamless, instant identity verification,” said Laura Main, Managing Director for North America.
70% of gig workers say they use multiple platforms. Faster online verification is needed more than ever as consumer demand for gig-enabled services grows, according to Main.
“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,” observed Freire.
The Vancouver Island company is entertaining a lot of momentum right now.