Worker credentials platform MyPass clocks on with $7.5 million Series A

Global contractor credentials platform MyPass has raised $7.5 million Series A.

The round for the 12-year-old worker onboarding, compliance and credentials management business, which counts BHP, Shell, Woodside and UGL among its customer base, was led by Sydney VC OneVentures. The capital will be used for expansion in North and South America and accelerate product development.

MyPass previously raised an undisclosed Seed round from ASX-listed Scalare Partners in 2020.

More than 1,300 companies use MyPass to manage 110,000-plus contractors globally, with around a quarter, 350, signing on last year.

The MyPass Skills Passport reduces the cost and risks of managing workforce compliance and credentialling in industries operating in high-risk or complex environments, such as mining, resources, energy, construction, manufacturing and healthcare. Workers can manage their own training and credentials using Skills Passport.

Founder and CEO Matt Smith said MyPass is a unique solution to the growing challenges around workforce competency assurance.

“The portable, worker-friendly and digital Skills Passport gives workers the ability to control their own qualifications and credentials without compromising data privacy and security,” he said.

“Ours is the only platform that can connect workers, site owners, suppliers, training institutions and industry bodies with a single source of truth.”

Headquartered in Sydney, MyPass operates across Chile, Canada and the US, with teams in the Philippines, India and Colombia. 

OneVentures partner Bevin Shields said they were impressed by the platform and the fact that some of world’s largest companies use the product.

“MyPass has not only achieved financial scale through a large and rapidly growing customer base but is also demonstrating a strong growth rate while scaling in a capital-efficient manner,” he said.