Pembroke VCT invests £1m into healthcare software Credentially
16/02/2021

Pembroke VCT invests £1m into healthcare software Credentially

Platform facilitating faster healthcare provider registration to be scaled-up in the UK

Pembroke VCT, the venture capital trust focused on building the brands of tomorrow, has made an initial investment of £1 million into Credentially, the platform that automates healthcare hiring, onboarding and compliance. During the pandemic, the company has worked with the NHS to speed up the registration of healthcare professionals.

Credentially was launched in 2016 by founders Kit Latham, a former A&E doctor and Artem Stalpouski, a software engineer. They combined their experience and expertise to address the lengthy hiring processes, disjointed onboarding efforts and fragmented compliance reporting that healthcare providers currently experience.

Built with both the candidate and organisation in mind and using machine-learning technology, Credentially eliminates many of the challenges associated with traditional sign-up methods and recruitment across healthcare, achieving a 90% reduction in manual administrative work.

Pembroke’s investment comes as Credentially continues to support the NHS Covid Clinical Assessment Service to efficiently sign-up and verify thousands of doctors, on a volunteer basis. After giving the NHS free access to the Credentially platform at the beginning of the pandemic, it saw the number of candidates verified per week increase twenty-fold.

This initial investment from Pembroke will be used to scale Credentially’s product within the UK by developing and professionalising its sales and marketing functions and continuing to build its technology development team.

Andrew Wolfson, CEO of Pembroke Investment Managers LLP commented; “Credentially’s strong management team and scalable technology are both key characteristics of the type of business we look for. Credentially has helped improve healthcare efficiency and we are excited about the growth prospects and opportunities that lie ahead that will help drive digital change within the healthcare system.’’

Kit Latham, Co-Founder and CEO of Credentially added; “Credentially was launched with the mission to save millions of hours across healthcare by automating processes for workers and providers. Our partnership with Pembroke VCT will facilitate expansion in the UK and will be crucial in allowing us to deliver on this mission.”

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