Helping companies identify and onboard new employees faster while reducing risk. That’s the objective of Pruuvn, a system that aids in attracting verified employees and contractors, adding them quickly and effectively to work teams, and monitoring their compliance safely and securely. It also helps individuals maintain control of their credentialing and background data, providing the ability to share it on-demand with prospective employers, financial institutions, and virtually anyone else who needs it.
Based in Atlanta. Pruuvn is the brainchild of founder and CEO Bryan Hobbs. It’s also the latest addition to the Bronze Valley investment portfolio.
“It’s about fostering economic opportunity,” Hobbs said. “Pruuvn works for everybody. It helps companies identify and search for candidates that meet set criteria, get them hired, and onboard them instantly. It helps contractors and gig workers by giving them control over their own information and data. It helps everyone involved in the process make better decisions and gives them greater peace of mind.”
Prior to founding Pruuvn, Hobbs worked for Norfolk Southern, a leading railroad freight company. While describing Norfolk Southern as “a great company that provided me the opportunity to grow,” Hobbs also noted that his upward mobility entailed moving his family four times within five years. In the last such move, his wife lost out on a salary increase because a previous employer failed to verify her work history. That’s when the idea of Pruuvn was born.
“The employer was verifying work history and credentials in an antiquated way,” recalled Hobbs. “That made no sense, as it was not the first time my wife’s work history had to be verified. Pruuvn eliminates that concern, utilizing blockchain technology that streamlines the entire process.”
A data trust with a simple signup process, Pruuvn has more than 1,000 credentialed users to date. According to Hobbs, the numbers so far reflect that users achieve 30 percent savings in onboarding cost and 75 percent in onboarding time.
Currently, Pruuvn is assisting companies in making more than 500 hires per month.
“Pruuvn is a promising company that addresses real needs, particularly as companies use more contractors and the gig economy continues to expand,” said Neill S. Wright, president and CEO of Bronze Valley. “We are pleased to make this investment and we look forward to seeing Pruuvn continue to grow.”
Bronze Valley is a non-profit, early-stage venture investment platform that supports high growth innovation and technology-enabled companies created by diverse, underrepresented, and underestimated founders. It is certified as a Community Development Financial Institution (CDFI).