Video recruitment platform to fast-forward growth with new six-figure funding
A Southwark-based video recruitment platform has secured six-figure funding to expand operations.
Hinterview has secured a £500k growth loan from the Greater London Investment Fund (GLIF) to expand its team to meet growing demand for virtual recruitment services during the pandemic.
Founded by recruiters Andy Simpson and Rich McLaren in 2013, Hinterview aims to provide a secure and GDPR-compliant platform enabling the sharing of candidate videos with recruiters and employers.
Andy Simpson, co-founder of Hinterview, explained: “Video is the future of agency recruitment. Recruiters are able to engage with their audience in an effective and personal way that previously wasn’t possible.
“The support of the GLIF expansion loan will enable us to scale-up the team to service current demand and expand sales in the recruitment sector to enter the corporate and education sectors in the UK.
“Many thanks to Paul from The FSE Group who guided us through the process of securing this expansion loan, we couldn’t have done it without him.”
Paul Shadbolt, senior fund manager for The FSE Group, who managed the £55m GLIF debt fund on behalf of Funding London, commented: “It was a pleasure to work with Andy and Rich. It is rewarding to be able to support successful, innovative local businesses.
“GLIF helps to support London businesses and has the potential to impact on the economy. This will help SMEs accelerate the growth of their business, through job creation and product development. We look forward to the next stage of their journey.”
Maggie Rodriguez-Piza, CEO at Funding London, added: “Hinterview, has been redefining recruitment for years and during the pandemic their product has been the ‘go to platform’ for the industry.
“Andy and Rich have continued to show big ambition to grow their business and required capital to facilitate this. By working closely with the Co-founders, Paul and the FSE team were able to make a growth loan from the GLIF possible.
“I am excited about the positive outlook for 2021 and delighted the loan will support the team to scale-up and facilitate sales expansion.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.