TheRollNumber, a blockchain-based certificate verification platform, has raised $165,000 as part of a seed round led by Inflection Point Ventures.
According to a statement, the funds raised will be used to reinforce the technological stack, upgrade the platform, use data stacks more, and expand the team and operations.
Vikram Ramasubramanian, Partner, Inflection Point Ventures, said, “Blockchain technology has disrupted many niche sectors. TheRollNumber is cutting down the hassle of verifying the certificate/documents manually.”
Sai Raghavendra Sharma, Founder, TheRollNumber, said, “TheRollNumber is building a system which not only enables digitization and verification in less than 15 minutes but also let users or Individuals know ‘who, why, when and how are the credentials being utilized’ which helps the problem of identity and credential theft.”
Sharma, a second-time entrepreneur, launched TheRollNumber in December 2020, intending to build a platform for the highly unorganized background verification and credential-issuing market.
The platform provides employers and banks with BAAS (Backend as a Service) and SAAS (Software as a Service) services for credential verification and issuance. According to the statement, it also plans to help users who lack control over their certificates and have to carry all certifications and customizations, including students and employees.
