Vetty, Inc.

Vetty, Inc. is a technology company specializing in comprehensive background check and onboarding solutions, aimed at improving the efficiency of hiring processes across various industries. Founded in 2016, Vetty, Inc. is headquartered in New York, US, and focuses on streamlining the hiring process through innovative technology solutions.

The founders include Bejoy John, Brad Heber, and Subrat Nayak, while Reddy Karri serves as the CEO. The company has successfully raised USD 4 million in funding, led by 3Lines Venture Capital on June 2, 2020. This funding marks the total amount raised by the company from four investment deals. Vetty, Inc.

provides an integrated suite of background check and onboarding solutions designed to streamline the hiring process for organizations. Their primary offerings include VettyVerify™, VettyComply™, and VettyOnboard™, which collectively facilitate background screenings, health screenings, and the onboarding of new employees. These tools address common hiring pain points such as delays due to candidate errors or inefficiencies in document management. By employing mobile ID capture technology, Vetty reduces the occurrence of typos and accelerates the activation of candidates, enhancing the speed of onboarding.

The company targets a diverse client base across various industries, including healthcare, manufacturing, retail, hospitality, and technology, serving businesses that seek efficient hiring solutions across North America and beyond. Vetty operates a revenue model that primarily revolves around subscription-based services and partnerships with organizations looking to enhance their hiring processes. Clients typically engage with Vetty by subscribing to one or more of their core product offerings, which may include VettyVerify™, VettyComply™, and VettyOnboard™. The pricing structure is built around these products, with specific plans tailored to the varying needs of businesses, ensuring flexibility and scalability.

Companies may select packages based on the volume of background checks or the complexity of onboarding requirements, leading to a recurring revenue stream derived from these subscriptions. Vetty's focus on delivering value through enhanced efficiency and compliance supports their revenue generation strategy and positions them favorably within the competitive landscape of hiring solutions. As of the most recent deal in June 2020, Vetty, Inc. raised USD 4 million in venture funding led by 3Lines Venture Capital.

This funding is expected to support the development of new product offerings and facilitate expansion into new markets. The company plans to launch enhancements to their existing products and explore additional features that meet the evolving needs of clients. Furthermore, Vetty aims to expand its presence beyond North America into European markets, with specific plans to initiate operations by the end of 2023.