Thursday, April 25, 2024
News
NEWS HOME
»
PRESS RELEASES

Verified Professional Identity Platform SpringRole Integrates RazorPay to Accept Fiat Payments to Process Blockchain Transactions
  SocialTwist Tell-a-Friend  
   


Date: 06-08-2020 10:54AM
Source: Springworks
Category: General, Consumer Interest, Human Resources & Consultancy Services, Internet, Start Up, Banking & Financial Services, Business Services, Technology
Location: Bangalore, Karnataka, India

Business Wire India
SpringRole.com, a verified professional identity platform powered by blockchain technology, has integrated India’s leading payment gateway service, RazorPay to accept payments from users wanting to self-verify themselves when looking for a job. SpringRole is owned by parent company Springworks, a Bangalore and Santa Monica based HR technology firm.

SpringRole allows users to verify their Identity, employment and education credentials in real time and writes this information to a decentralised blockchain as a permanent record.

A typical background check takes anywhere from 15 days to 90 days to complete and has to be repeated with each new job that is taken up by an employee as the verified information is not transferable from one employer to the next. SpringRole promises to simplify this process by writing verified information to the blockchain that can be carried with the employee from one job to the next thereby eliminating any delays in hiring owing to background checks.

Springworks CEO Kartik Mandaville, a graduate of Carnegie Mellon University said, “Background verification has traditionally been a process initiated by the employer, but we’re now seeing job seekers actively trying to verify their resumes in order to stand out from their peers when looking for a job. This is in addition to the trend of the gig economy workers looking to verify themselves to make their profiles stand out in their search for projects. As companies are looking to reduce time and effort with hiring, having a fully verified profile definitely helps give these candidates an edge compared to their peers.”

With the integration of RazorPay, SpringRole is now able to accept INR payments from customers with the payment being converted in real time to SPRING tokens. SPRING tokens are the native currency used for transactions inside the SpringRole platform. The B2C verification platform has already processed over 2000 paid checks since integrating the popular payment provider. These tokens are then utilised to verify the profiles and eventually write them to the blockchain.

Anoop Suresh, VP - Business & Operations, Springworks said, “We’re seeing some other interesting use cases for the B2C verification platform. Apart from job seekers and freelancers, it is being used by visa applicants and, even people looking for marriage alliances. Integrating RazorPay for payments within SpringRole has allowed us to bring the power of blockchain technology to the common user.”
About Springworks

Springworks is a Bangalore and Santa Monica-based HR technology startup that is building tools and products to simplify recruiting and help organizations engage and retain their employees. Apart from SpringRole, the product stack from Springworks includes SpringVerify — B2B verification platform, SpringRecruit — a forever-free applicant tracking system, SpringEngage — an employee recognition and rewards platform that enriches company culture and Trivia — a suite of real time, fun and interactive games platform for remote team-building. Springworks prides itself on being an organization focused on employee well-being and workplace culture leading to the 100+ employee strength company being rated 4.8 on Glassdoor.

Twitter: https://twitter.com/springroleinc | https://twitter.com/kar2905 (Kartik M, CEO, Springworks) | https://twitter.com/AabhashK (Head of Marketing, Springworks)


More Press Releases

C3.ai Digital Transformation Institute Announces AI for Energy and Climate Security Grantees

Moody’s Launches Moody’s Moments Video Series Providing Insight into Corporate Strategy

IDEMIA Signs With Storstockholms Lokaltrafik “SL” to Launch the World’s First Ever Public Transport EMV White Label Cards

Celebrity Face: India's No.1 Platform for Aspiring Content Creators and Fans to Photoshoot with Top Celebrities

Tally Solutions Announces the First Edition of MSME Honours

Sourced from the Himalayan Regions, Moving to the Wonders of Australia - BOHECO Joins Hands with Spring Sciences Australia

Moneycontrol App's Monthly Active Users Six Times Larger Than Its Closest Competitor for May 2021 - Similarweb

Healthcare Cloud Unicorn, Innovaccer, Certified as a Great Place to Work® Company

The Nation Gears up for the First-ever Edition of National Poker Series, India

DXC Technology Welcomes Brenda Tsai as Chief Marketing and Communications Officer

Schlumberger New Energy and Panasonic Energy of North America Announce Strategic Collaboration on New Battery-Grade Lithium Production Process

Fashion Designer Sanjukta Dutta Contributes Towards the Vaccination Drive Held in Assam Under the Guidance of Honorable Chief Minister Dr. Hemanta Biswa Sarma

Western Union Accelerates Digital Money Movement for Postal Networks Worldwide

NMIMS School of Branding and Advertising Partners with 120 Media Collective and Advertising Standards Council of India

High-Touch Spectacles Now Made Virus Free by ZEISS DuraVision AntiVirus Platinum UV

IRM India Affiliate Announces Results for May 2021 Level-1 Examination

Wipro Annual Report 2021 on Form 20-F Available Online for ADS Holders

RSA Introduces Outseer, a Spinout of its Fraud & Risk Intelligence Unit, to Transform Customer Authentication and Accelerate Revenue for the Digital Economy

Abu Dhabi Based Tablez to Expand Upon Investment in India’s Toys Sector With Its Proprietary Brand

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Congress hates India's constitution, its...
'She cried for terrorists': Nadda hits o...
Kolkata: Alipore Zoo makes special arran...
Madhya Pradesh: PM Modi recalls old days...
AIIMS-Bhubaneswar opens Low Vision Clini...
'Akbaruddin Owaisi and Asaduddin Owaisi ...
More...    
 
 Top Stories
"I'm able to let go of things": Jac... 
"Shaheen Afridi is a Pakistan legen... 
Congress' Ganesh Godiyal calls PM M... 
Bengaluru Metro Rail Corporation ex... 
IPL 2024: Axar Patel, Rishabh Pant'... 
"Busy auctioning Prime Minister's c... 
Israel rejects reports about discov... 
SC seeks clarification from ECI off...