ReferPanel

ReferPanel is a United Kingdom-based startup with a mission to enable professionals to leverage their networks to bridge the gap between candidates and employers. Through their platform, professionals can refer connections and redeem a referral fee, allowing companies to access quality candidates at a fraction of the cost of external recruitment agencies. The startup emphasizes the benefits of internal referral schemes, highlighting their ability to bring about a shorter time to hire, lower cost of hire, higher quality of hire, and increased employee retention. However, it acknowledges the limitations of scalability, which ReferPanel aims to address. Overall, ReferPanel's focus on leveraging professional networks and improving the hiring process through internal referrals presents an intriguing opportunity in the recruitment space. As of now, ReferPanel's last investment and investors are unknown, but its unique approach to hiring and addressing the limitations of internal referral schemes could make it an attractive investment prospect for venture capitalists looking to tap into the recruitment technology sector. The startup, founded in 2020, positions itself as a solution that benefits professionals, companies, and job seekers. With a slogan of "Refer People. Make Money.," ReferPanel's business model targets a significant pain point in the recruitment industry, making it a noteworthy venture for potential investors to keep an eye on. Visit www.referpanel.com now and help your connections find their dream job!