Checkfirst

Company Overview

Checkfirst is a software company that enables businesses to stay compliant and drive revenue through manual on-site verifications and data capture. The company provides AI-powered inspection and scheduling solutions to help businesses improve workforce efficiency and streamline compliance processes.

Founded in 2023, Checkfirst is headquartered in London, UK. The company’s mission is to inspire trust through reliable data collection and verification. Checkfirst aims to create a future where trusted reporting enables sustainable growth for businesses across various industries.

Products Overview

Checkfirst offers two main product lines:

1. InspectAI - This product enables businesses to:
   • Ensure data accuracy
   • Centralize inspection workflows
   • Integrate seamlessly with existing systems
   • Simplify audit trails
2. ScheduleAI - This product helps companies:
   • Optimize schedules
   • Maximize workforce efficiency
   • Improve profitability
   • Minimize downtime and travel

The core features of Checkfirst’s platform include:

• AI-powered inspections and scheduling
• Frictionless on-site data collection (no app download or account creation required)
• Digital signatures for accountability
• Real-time photo evidence capture
• Time and location stamping of reports
• Industry-standard checklists
• API integration for automation
• AI-enabled verification of captured images
• AI-powered summaries and automated scoring of reports
• Localization to multiple languages

Founding Team

Checkfirst was co-founded by three individuals:

1. Benjamin Lambert - Co-founder & CEO
2. Oyvind Henriksen - Co-founder & CPO
3. Rami Elsawy - Co-founder & CTO

No additional background information is provided about the founders in the given material.

Problem and Market Fit

Checkfirst addresses several key problems faced by businesses:

1. The need for efficient and accurate on-site data collection and verification
2. Challenges in managing compliance and reducing risk
3. Inefficiencies in workforce scheduling and management
4. The desire to scale operations while minimizing costs

The company’s solutions fit into markets where businesses require:

• Remote inspections and verifications
• Streamlined compliance processes
• Improved workforce efficiency
• Trusted data collection for high-value transactions
• ESG (Environmental, Social, and Governance) reporting and verification

Checkfirst’s products are particularly relevant for industries such as:

• Marketplaces (especially second-hand and high-value transactions)
• Third-party inspection services
• Manufacturing
• Food and beverage
• Short-term rentals and property management
• Any industry requiring on-site data collection and verification

Business Model

Checkfirst operates on a usage-based pricing model, where customers only pay for what they use. This suggests a Software-as-a-Service (SaaS) business model with flexible pricing based on the volume of inspections or verifications conducted.

The company offers its platform through direct sales and partnerships. They have an API-first approach, allowing easy integration with customers’ existing systems.

Funding and Runway

The provided information does not include specific details about Checkfirst’s funding rounds or current runway. However, the company mentions being “backed by the best,” showing logos of several investors or partners including Notion, Olisipo Way, and Operators’ Network. This suggests that Checkfirst has received some form of external investment, though the amounts and terms are not disclosed.

Competitive Landscape

While the material doesn’t provide a comprehensive list of competitors, it positions Checkfirst as having “the most user-friendly product in the market” for on-site data collection and compliance. The company differentiates itself through:

1. Frictionless user experience (no app downloads or registrations required)
2. AI-enabled verification and automation
3. API-first platform for easy integration
4. Focus on both inspection and workforce scheduling optimization

Competitors likely include other inspection software providers, compliance management platforms, and workforce optimization tools.

Customers

Checkfirst mentions several customers and use cases across different industries:

1. ISQ SA (Spain) - Using Checkfirst for regulatory compliance and productivity improvement
2. Bleisured - Home rental marketplace using the platform for property condition tracking
3. Inlife - Short-term rental company using Checkfirst for check-in/check-out processes
4. Season - Manufacturing marketplace using the platform for supplier compliance
5. Karan Alimchandani - Food and beverage industry customer using Checkfirst for detailed information collection and inventory management
6. Trustap - Partnership to provide an extra layer of protection for high-value transactions

Relevant News

1. November 2023 - Checkfirst made it to the finals of the HUMAN Neweconomics 2023 Startup Showdown, showcasing how AI and Blockchain enable faster and more effective on-site data capture.

2. December 2023 - Checkfirst participated in the Portugal Intersect AI Xmas event, discussing the future of trust in an AI-driven world.

3. Recent Product Update - Checkfirst launched a new Checklist Builder feature, designed to help businesses digitalize large and complex checklists more efficiently.

4. Industry Trend (November 2023) - Adevinta reported that 64% of European consumers were considering shopping from second-hand marketplaces during the holiday season, highlighting the growing importance of trust and verification in these platforms.

5. Compliance Trend - An article on GreenBiz reported that ESG (Environmental, Social, and Governance) reports will soon require third-party assurance, indicating a growing market opportunity for Checkfirst’s verification services.

Overall, Checkfirst appears to be a promising startup in the compliance and data verification space, leveraging AI and user-friendly technology to address growing market needs across various industries. The company’s focus on frictionless data collection and AI-powered verification positions it well to capitalize on trends in remote work, increased regulatory scrutiny, and the growing importance of trusted transactions in digital marketplaces.