Founded in Sydney in 2015, MyPass Global is accelerating product development and expanding further into the Americas. The company counts Shell, Woodside, and BHP as customers.
Sixty-six per cent of organisations in Australia are under-prepared to manage their workforce, according to Deloitte. That risk is compounded by the prevalence of contracted labour and reliance on simplistic digital tools.
“I am an efficiency freak and I hate waste,” Matt Smith tells Forbes Australia. “To see that there wasn’t a solution out there that could get people off spreadsheets and simplify the way transient workers were tracked and managed across highly regulated sectors was enough to entice me to leave the comfort of my corporate role and start MyPass.”
Smith resigned from his position as the General Manager of Skilled Engineering and founded the Sydney-headquartered company 10 years ago.
The MyPass ‘Skills Passport’ is a technology platform specialising in workforce onboarding, compliance and credentials management for mining and resources, oil and gas, energy and utilities, construction, industrial manufacturing and healthcare.
“MyPass reduces the productivity burden and risk associated with the use of manual spreadsheets and fragmented legacy software to obtain real-time validation and tracking of employee credentials,” a company statement reads.
$7.5m Series A
Today, the Australian platform is used by Shell, Woodside Energy and BHP, among others. The company announced it closed a fundraising round this week, led by VC firm OneVentures.
“Our product development teams are laser-focused on simplifying compliance for workers, their employers and the sites at which they work. A new mobile app, streamlined worker onboarding & mobilisation, plus an enhanced integrations layer are just some of the areas that we’re investing behind,” says Smith.
Bevin Shields is a partner at OneVentures.
“We have been greatly impressed by the MyPass platform and the confidence that some of the world’s largest companies, many of them operating in extremely complex environments, have placed in the technology,” says Shields.
“MyPass has not only achieved financial scale through a large and rapidly growing customer base but is also demonstrating a strong growth rate while scaling in a capital-efficient manner. We are excited to be partnering with Matt and the MyPass team to support and accelerate their continued success.”
The company states that the technology is used by 1,300 companies, 110,000 global contractors, and has validated some 246,000 documents. Three-hundred-and-fifty companies signed on to the platform last year alone.
“MyPass offers a unique solution to the growing challenges around workforce competency assurance,” says Smith. “The portable, worker-friendly and digital Skills Passport gives workers the ability to control their own qualifications and credentials without compromising data privacy and security. Ours is the only platform that can connect workers, site owners, suppliers, training institutions and industry bodies with a single source of truth.”
The company operates in Australia, the US, Canada, and Chile. The series A funds will be used to expand the MyPass footprint in the Americas.
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