May 1st 2019
Tempo Secures £1.75 million in Funding with New Capital Raised by Hambro Perks and the team behind Thomson Online Benefits
LONDON, 1st May 2019 – 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 2 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.
“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,” said Ben Chatfield, CEO & Co-Founder at Tempo.
“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.”
“Hambro Perks is delighted to back Tempo. We are excited by the company’s growth plans and its mission to reinvent the recruitment industry”, says Dominic Perks, founder of Hambro Perks
“Tempo’s platform is a game-changer and Chris and I are delighted to be on board,” said Michael Whitfield. “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.”
Tempo is the technology platform which uses machines learning and video to disrupt recruitment.
Employers on Tempo have slashed their time-to-hire from four weeks to three days, without sacrificing on candidate quality.
Since launch in 2017 Tempo has built a community of 40,000 candidates more than 2,000 employers.
For more information, please visit www.heytempo.com
More information For more information please contact: LEWIS for Tempo +44 (0)20 7802 2626 | Tempo@teamlewis.com