Podcast

On a mission to help the world trust faster: Daniel Callaghan, CEO of Veremark

Veremark CEO Daniel Callaghan joined Give It A Nudge to talk about his entrepreneurship journey, and how Veremark is on a mission to help the world trust faster.

by hao-nguyen on May 9, 2022

About the guest

Daniel Callaghan

CEO at Veremark

Daniel Callaghan is the CEO of Veremark, a global pre-employment screening and background verification platform. Before Veremark he built one of Europe’s earliest high-end freelance marketplaces, raised $15 million, ran it for eight years, then spent two years running the digital innovation and investment arm across APAC for Adecco. He launched Veremark full-time in January 2020 with a vision of turning verified employment data into a candidate-owned career passport.

Episode overview

One in three job applications in Singapore contains a discrepancy. In Australia it is closer to one in seven. In the UK it is one in five. Daniel Callaghan built Veremark to solve this: a global background screening platform that automates the verification of past employment, academic credentials, criminal records, and financial history, then turns that verified data into a candidate-owned career passport they can carry with them forever.

In this conversation, Daniel talks through the full arc of his career from a French degree he describes as useless, to accidentally becoming an entrepreneur when the 2009 financial crisis closed off investment banking, to building a freelance marketplace for eight years and then pivoting to Veremark. He makes the case that helping people ask for help is the most underrated skill in entrepreneurship, and he explains why a single coffee can do more for employee retention than any virtual onboarding program.

The career passport: owning your own verified data

Veremark’s long-term vision goes beyond background screening. Once a candidate’s credentials have been verified, that data becomes a portable career passport they can reuse across every future job application. Instead of waiting three weeks for a university in Southeast Asia to respond to an employment check, a candidate can toggle on the relevant data points and share them instantly. In a world where hiring is increasingly remote and trust is increasingly hard to establish, Veremark is building the infrastructure for verified professional identity.

“We see that as the long-term future of where career data is going. It needs to be candidate owned, ownable and shareable and reusable. Veremark is a pioneer or leader in that whole field of credential management.”

Daniel Callaghan 12:00

The two things that surprised Daniel most as a founder

Building Veremark was his second time as a founder. He was still surprised by two things. First, how hard hiring is: business is a team sport and getting the wrong people is an easy mistake even when you know how important it is. Second, how willing people are to help: founders who ask for help openly find that the startup ecosystem responds with genuine generosity, and being willing to absorb those conversations is one of the most powerful accelerants available to any early-stage company.

“The ability, confidence, or humility to ask for help is a really important trait. You’ll be very surprised about the number of positive responses that you get.”

Daniel Callaghan 23:00

Why virtual-only hires fail more often

Steve shares research his team did during COVID: the hires that failed disproportionately were the ones made without a single in-person meeting, not because virtual hiring is wrong but because humans have evolved senses that screens can’t replace. Daniel agrees and points to the data: even when fully remote, a single coffee can do more for onboarding success than any digital program. When companies left people in virtual limbo without ever bringing them into a physical context, the disassociation was swift and costly.

Four generations in the workplace and the personalisation of everything

Daniel’s view on the future of work is that we are heading toward the personalisation of everything: benefits, incentives, working patterns, training, and career paths. Smart companies will cater for this diversity rather than insisting on uniform policies. Background screening becomes more important, not less, in a world of distributed hiring across multiple geographies and generations.

Key takeaways

Become an entrepreneur when the career path you planned closes. Daniel couldn’t get an investment banking job in 2009. He built Europe’s earliest high-end freelance marketplace instead, raised $15 million, and ran it for eight years. The closed door led somewhere better.
Verified data only becomes truly valuable when the candidate owns it. A background check that employers hold is useful once. A career passport that candidates own and share selectively is useful forever. That distinction is the long-term product vision for Veremark.
Ask for help loudly and absorb the answers carefully. The startup ecosystem is more generous than most founders expect. The bottleneck is usually the founder’s willingness to ask, not the community’s willingness to help. That help compounds fast.
Virtual-only hiring has a measurable failure rate. The Nudge Group’s own data showed that hires made without any in-person contact during COVID failed at higher rates. Not because remote hiring is wrong but because human judgment requires physical presence at least once.
What you’re really screening for is integrity, not qualifications. A candidate who lies about whether they got an A or a B in maths is not a risk because of the maths. They’re a risk because of what that small lie reveals about how they’ll behave under pressure.
Culture in a fully remote team is built on four pillars. Veremark’s four virtues are people and promises, data over hierarchy, trust in a remote environment, and experience as a daily standard. Those four things hold a 45-person globally distributed team together without physical offices.

Mentioned in this episode

Frequently asked questions

What does Veremark do?

Veremark is a global pre-employment screening and background verification platform. It automates the checking of past employment, academic credentials, criminal records, financial integrity, and professional licences. Once verified, the data is returned to the candidate as a portable career passport they can share with future employers, eliminating repeat verification costs and delays.

What percentage of job applications contain discrepancies?

It varies by region. In Singapore, approximately one in three applications contains a discrepancy. In the UK it is around one in five. In Australia it is closer to 15 percent. The rate increases in competitive industries such as IT, engineering, and finance where the financial incentive to embellish credentials is higher.

What is a career passport and why does it matter?

A career passport is a candidate-owned record of verified professional credentials. Once Veremark has checked someone’s employment history, education, and other data points, those are returned to the candidate in a portable format they control. They can toggle on specific data points to share with a new employer, eliminating the weeks-long wait for traditional verification processes and reducing friction in hiring.

How did Daniel Callaghan get into entrepreneurship?

He studied French and then tried to enter investment banking in 2009, which turned out to be one of the worst possible times to try. Unable to get the role he’d planned for, he became an entrepreneur by necessity and built one of Europe’s earliest high-end freelance marketplaces, which he ran for eight years and raised $15 million to grow. He then spent two years at Adecco before co-founding Veremark in 2019.

What are Veremark’s four company virtues?

People and promises: say what you mean and do what you say. Data: the best idea wins regardless of seniority, as long as it’s supported by evidence. Trust: in a fully remote organisation, psychological safety and transparency are non-negotiable. Experience: work is meant to be a meaningful experience, not a source of stress, and the company invests in making that real for every team member.

Topics discussed

HR techbackground screeningverifying credentialsstartup foundercareer passportremote hiringfuture of workSingapore startupdistributed teamasking for helpentrepreneurshipvirtual hiringblockchain credentialsstartup culture

Full transcript

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Show full transcript (35 minutes, 7 sections)

00:00 Introduction and what Veremark does

Daniel Callaghan introduces Veremark as a global pre-employment screening platform helping companies add simplicity and confidence to their hiring process. He explains the discrepancy statistics: one in three applications in Singapore, around 15 percent in Australia, one in five in the UK. He then walks through what Veremark checks and how the career passport works.

07:00 The career passport and long-term vision

Veremark’s longer play is turning verified data into a candidate-owned career passport. Once credentials are verified, the candidate receives them in a portable format they can share selectively with future employers. Daniel explains how this intersects with blockchain credential management and self-sovereign identity, and why the career passport model eliminates the 10-hour per candidate verification workload for employers.

15:00 Daniel’s career and why he became an entrepreneur

Daniel studied French at university, tried to get into investment banking after business school in 2009, and couldn’t. He founded one of Europe’s earliest high-end freelance marketplaces instead, ran it for eight years, and raised $15 million. He then joined Adecco to run their digital innovation and investment arm across APAC, analysed 2,000-plus HR tech businesses, and found the intersection that became Veremark.

23:00 The two things that surprised him most

Even as a second-time founder, Daniel was surprised by how hard hiring is and how generous the startup ecosystem is when you ask for help. He argues that the willingness to absorb advice from people who have been in parallel situations is one of the most powerful tools available to any early-stage founder, and that most founders underuse it.

27:00 Why join Veremark

Daniel describes the culture at Veremark: 45 people, globally distributed, fully remote, and built around four virtues: people and promises, data, trust, and experience. He talks about how the employee survey described the company as a tribe and how that has held even as headcount has grown from 10 to 45.

31:00 Virtual hiring, remote work, and what the data shows

Steve shares analysis from The Nudge Group showing that hires made without any in-person contact during COVID failed at significantly higher rates. Daniel agrees, citing research on the importance of physical presence in establishing trust and belonging. He makes the point that a single coffee is cheaper than rehiring and that the personalisation of everything, including work itself, is the direction the whole market is heading.

34:00 Four generations, personalisation, and the future of background screening

Daniel argues that companies with four generations in the workforce need to personalise their employee offering as much as their customer offering. Background screening becomes more important, not less, as hiring becomes more global and remote. He closes with his view on where HR is heading: away from compliance and admin, toward talent management, personalisation, and productivity.

About the host

Steve Grace is the founder and CEO of The Nudge Group, a technology-focused recruitment and advisory business. He has built and scaled companies across Australia and the US, and hosts Give It A Nudge to spotlight founders and operators building something meaningful.

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