California-based compliance platform provider Certemy has scored $9.7m in a Series B financing raise.
The round – which included the conversion of a prior series saw participation from Numeta Capital and Apis Holdings.
According to FinSMEs, Certemy provides a SaaS compliance platform that allows enterprises to track, manage, and verify the credentials of their employees.
For certification and licensing boards, its credentialing platform provides an end-to-end solution allowing those boards to manage their initial application and license renewal workflows via a SaaS-based platform.
The Certemy Employee Compliance platform allows employees to track employee license and certification expirations and renewals via real-time notifications, reports and dashboards.
It also eliminates the risks and costs of non-compliance, including fines, lawsuits and lost business.
The platform also guides employees and managers step-by-step through their credential applications and renewals via Certemy’s flexible compliance workflow engine.
Certemy’s primary source verification platform automatically checks thousands of data sources daily to verify employee credential status between renewals. Quickly detect when an employee license or certificate has been revoked or suspended by a state licensing board or a professional certification board.
Certemy plans to use the funds to expand its sales, marketing and product development efforts targeted at this market opportunity.
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