Home Business News Tempo secures £1.75m in funding

Tempo secures £1.75m in funding

1st May 19 8:25 am

Tempo, the intelligent, video-based hiring platform, has today announced it secured £1.75m in funding. This takes the company’s total funding to over £3m. The investment was led by Hambro Perks and Michael and Derek Jacobson, with participation from Chris Bruce and Michael Whitfield; the founders of Thomsons Online Benefits.

In just two years Tempo, founded by entrepreneurs, Ben Chatfield and Ollie Povey, has effectively shown how technology can simplify recruitment processes. This year they have added Bulb Energy, OakNorth, Zellis and many others to an impressive client base, which includes Monzo, Uber, Babylon Health and 2,000 others. The company also has another 40,000 candidates on their platform, and have expanded to their second UK city, Manchester. With the funding, Tempo will be able to continue its aggressive growth, taking its platform to new markets and investing heavily in technology.

Ben Chatfield, CEO & co-founder at Tempo said, “Moving jobs or hiring a new employee should be the most exciting part of your professional life, it’s the start of a new journey and new opportunities. Unfortunately, most of us have been left jaded by slow, monotonous and demoralising recruitment processes and agencies.”

“It doesn’t need to be this way,  our vision is to turn recruitment on its head. Today’s announcement means we can share our platform with more people. We can give job seekers more options, more direct access to the employers, and ultimately the opportunity for a job they truly love. It is a testament to the progress made by the Tempo team in building a platform that works for candidates and companies, and their demand for greater choice and control in recruitment.”

Dominic Perks, founder of Hambro Perks said, “Hambro Perks is delighted to back Tempo. We are excited by the company’s growth plans and its mission to reinvent the recruitment industry.

Michael Whitfield, founder of Thomsons Online Benefits said, “Tempo’s platform is a game-changer and Chris and I are delighted to be on board.

“We all know that recruitment is fundamental to the success of every business in the UK, but until now it too often a slow and painful process. Tempo’s technology demystifies, streamlines and accelerates this process in one fell swoop and we are very excited at the prospect of them disrupting this sector in a way never done before.”

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