MyPass Secures A$7.5 Million to Accelerate Expansion of Digital Credentials Platform Across North and South America
MyPass Global, a leading technology firm focused on workforce onboarding, compliance, and credential management, has successfully raised A$7.5 million (approximately $4.7 million) in its Series A funding round. This investment is set to enhance MyPass’s expansion into North and South America while advancing its product development initiatives.
Funding Details and Future Plans
The funding round was spearheaded by the Australian venture capital firm OneVentures. The newly acquired capital will facilitate MyPass’s strategic growth in international markets, particularly in the Americas.
About MyPass Global
Founded in Australia in 2013, MyPass has introduced a digital Skills Passport that enables workers to manage their training and competency records efficiently. This innovative platform offers:
- Centralized Management: A single source for verifying qualifications.
- Portability: Workers can access their credentials from anywhere.
- Data Privacy: Ensures the security of personal information.
Currently, over 1,300 companies globally utilize MyPass to manage a workforce of more than 110,000 contractors. In 2024 alone, the platform successfully onboarded 350 new organizations and validated over 246,000 documents.
Leadership Insight
MyPass founder and CEO, Matt Smith, expressed enthusiasm about the partnership with OneVentures, stating, “Their investment and expertise provide a strong endorsement of our product and growth strategy.”
Innovative Solutions for Workforce Management
Smith highlighted the unique advantages of the MyPass platform:
- Worker Empowerment: Workers can control their qualifications and credentials.
- Industry Connectivity: The platform links workers, site owners, suppliers, training institutions, and industry bodies.
Industry Challenges and Opportunities
Research from Deloitte indicates that 66% of organizations worldwide are not adequately prepared to manage their workforce. This gap is driven by:
- Tightening regulations
- Increased reliance on contract labor
- Growing risks related to fraud and compliance failures
Support from OneVentures
Bevin Shields, a partner at OneVentures, expressed confidence in MyPass’s technology, noting the trust placed in it by some of the world’s largest companies. He stated, “MyPass has demonstrated a strong growth rate while scaling efficiently, and we are thrilled to support their continued success.”
Global Reach
Headquartered in Australia, MyPass is also operational in Chile, Canada, and the United States, with support teams located in the Philippines, India, and Colombia. This diverse geographical presence positions MyPass to effectively address the needs of a global workforce.
For more information on MyPass and its innovative solutions, visit their official website at MyPass Global.
