About the client

A startup with a Fintech product. The creators have a strong technical background and experience in the BFSI sector, which allowed them to develop a product that resonated with users. The product has seen popularity in a short time frame.

Service Offered: Customized Enhanced Background Check for Leadership Position.

Overview

The startup received VC funding for its expansion. The creators of the product lacked the professional experience of growing the organization. Hence, it was agreed that the startup would hire a CEO who would look after growing the organization professionally. The CEO would be responsible for hiring the necessary personnel, expanding the business, and ensuring its profitability. Upon understanding the urgency of the situation, HR created a list of potential candidates. After rounds of discussion with the candidates, they narrow it down to one.

Problem

The person who was offered the position of CEO was going to be given a very high salary based on their experience and expertise. However, before giving them the offer, the startup wanted to make sure that the candidate would be a good fit for the organization in terms of their aptitude, attitude, and behavior. HR realized that this would require a different approach to background verification. HR contacted us to find out the right way to go about this.

The candidate is highly respected in the private sector. If the startup hires him, they would not be able to easily fire him given his reputation in the market. They also could not afford to not hire him as he scored top on every factor.

Solution

We recommended a customized background check including a thorough credit check and reputation check. We found that the candidate had an excellent CIBIL score, was financially responsible and had a good social reputation.

He was living a lifestyle in line with his salary. He had made the right investments over the years, yielding him higher than average returns. Furthermore, his investments grew in proportion to his salary and family security needs. He had not created any additional sources of income or been involved in any kickbacks. He was completely dedicated to his employer.

Benefit

We gave this candidate an A++ score and strongly recommended him for the CEO position. After a couple of years, the startup has become a Unicorn under his leadership.