UK start-up secures £2.5m funding to address care worker shortage
Borderless, a UK-based start-up, has secured £2.5m in seed funding to address the shortage of care workers in the country. Led by Backed VC, the funding round also saw participation from Tiny VC and prominent angel investors including Charlie Songhurst and Chris Mairs. Borderless offers a software platform that automates the hiring and onboarding process for international care workers, reducing the need for intermediary organisations that have contributed to issues of human trafficking and modern slavery in the industry. The company aims to consolidate and improve the traditionally fragmented and expensive workforce management processes in the care sector.
Finding an additional 900,000 care workers by 2030 is one of the UK's major challenges, while the average annual turnover rate for care workers stands at a staggering 50%.
Borderless aims to solve this problem by streamlining the recruitment, immigration, and compliance processes, offering significant cost savings compared to current alternatives. Founders Matthew Bond and Jonathan Raphael, who are both former founders and operators, recognized the high costs associated with compliance and the negative impact it had on the care industry, prompting them to start Borderless.
Borderless tackles both sides of the care workforce equation by providing care workers with clear oversight of the recruitment process and offering employers an end-to-end software platform that simplifies international hiring and sponsorship. This not only ensures better certainty for economic migrants and reduces the risk of exploitation, but also allows for significant cost savings for care providers. Borderless aims to work with the majority of the UK healthcare sector in the future and help alleviate staff shortages within the NHS.
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