BlockChain-based certificates verification platform TheRollNumber has raised $165,000 as a part of its seed round led by Inflection Point Ventures. The company plans to use the funds to reinforce the technology stack, improve the platform, and make greater use of data stacks, as well as to expand the team and operations.
Established by Sai Raghavendra Sharma in 2020, TheRollNumber provides backend-as-a-service and software-as-a-service solutions for entities to verify, validate, and issue blockchain-based credentials. The company boasts that it can complete background checks in just 15 minutes.
Sai Raghavendra Sharma, founder, TheRollNumber, said.
TheRollNumber aims to provide a credential management system to individuals. TheRollNumber is looking to build a system which not only enables digitisation and verification but also lets users or Individuals know “Who, why, when and how are the credentials being utilised” which intends to help the problem of identity and credential theft.
Vikram Ramasubramanian, partner at Inflection Point Ventures, said:
Centralization of sensitive information led us to invest in TheRollNumber. The time-saving and cost-effective approach of this company has determined us to back their vision
TheRollNumber intends to concentrate its efforts on the background verification ecosystem as there are very few amalgamated platforms that focus on all the stakeholders, i.e., employers, universities, and individuals in the ecosystem.
Providing secure, provable education credentials reduces fraud or over-claiming qualifications on resumes. Plus, the evolving working world means that people have to retrain every few years, and need to be able to prove the skills they’ve acquired in non-college environments. They also aim to assist users who lack control over their certificates and need to carry all certifications and customizations. The platform offers BAAS and SAAS services for employers and banks to verify and issue credentials, as well as colleges and certification bodies and individuals such as students and employers.
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