KarmaCheck, Inc. Market Research Report
Company Overview
Name
KarmaCheck, Inc.
Mission
KarmaCheck aims to revolutionize the background check industry by establishing a trust layer on the internet, enabling individuals and organizations to make informed decisions with verified identities.
Founded
The company was co-founded by Eric Ly. No specific founding date is available in the provided data.
Key People
- Eric Ly: Co-founder, previously a co-founder of LinkedIn, highlighted for his significant entrepreneurial insights and emphasis on establishing trust in online relationships.
Headquarters
595 Pacific Ave. 4th Floor, San Francisco, CA 94133
Number of Employees
No information is available.
Revenue
No information is available.
Known For
KarmaCheck is recognized for transforming background checks with a streamlined, API-first platform that facilitates faster and more reliable candidate placements. The company focuses on offering real-time results and comprehensive services like criminal background checks, education verifications, and drug testing.
Products
Overview
KarmaCheck provides a range of background check and credentialing services designed for multiple industries, including healthcare staffing, the gig economy, and call centers/BPO.
Product Descriptions and Features
- Background Orders
- SSN Trace, Social Security Search, SSN Verification
- National Criminal, Sex Offender Search
- Global Security Watchlist including OIG, GSA, SAM Exclusion Check, OFAC
- State-Specific Searches (e.g., CAPS, PATCH, WATCH, MACHS)
- County, State, and Federal Criminal checks
- Healthcare Compliance Search / Fraud Abuse Control Information System (FACIS)
- International Criminal and Civil Records
- Drug Testing and Occupational Health Screenings
- Standard, Rapid, and Custom Drug Panels
- Hair Drug Testing
- Breath and Blood Alcohol Test
- Department of Transportation (DOT) and N-DOT Physical Exam
- Additional Offerings
- Identity Verification (IDV)
- Education and Employment Verifications
- Professional License Verifications
- Social Media Search
- Motor Vehicle Record (MVR)
Key Product Features
- High integration capability with ATS, HRIS systems for streamlined operations.
- Real-time results and status updates through an intuitive dashboard.
- Advanced technology for reduced screening time and enhanced compliance.
- Dedicated support and rapid responses to inquiries.
- Predictive pricing models for cost optimization.
Recent Developments
New Products and Features
- KarmaCheck Wallet: A feature allowing the reuse of candidate screenings that do not expire, offering greater efficiencies in credentialing processes.
Partnerships
- Symplr Partnership: Integration to transform background checks and credentialing within enterprise healthcare operations.
Growth and Expansion
- Raised $45 million in Series B funding to enhance their technological offerings and expand their market presence, illustrating substantial growth and investor confidence.
Accreditations
- Achieved SOC 2 Type 2 compliance, validating its commitment to data security and integrity in the background screening process.
Recent Events and Engagements
- Participated in key industry conferences such as SIA Executive Forum 2025 and SIA Healthcare Staffing Summit, illustrating thought leadership and industry engagement.
Partnerships
- Bullhorn Integration: Partnership for enhanced visibility in healthcare staffing, aiding real-time verification processes.
Conclusion
KarmaCheck, Inc. continues to innovate in the background check industry through advanced technological solutions, integreating seamlessly within client systems, and providing dedicated support. Its partnerships and funding achievements indicate strong growth and commitment to leading in the credentialing and screening space, particularly within healthcare and staffing sectors.
