REFEREC LTD

What REFEREC LTD does

RefeRec Limited is a private, founder-stage SaaS company that develops cloud-based referral recruitment software designed to unlock referral networks inside applicant tracking systems. The company's flagship product integrates natively with two dominant ATS platforms in the Australian recruitment market — Bullhorn and JobAdder — and automatically identifies referral opportunities from an agency's existing candidate database and notes, then delivers warm, vouched-for candidates directly into the recruiter workflow. The product surfaces a real-time referral pipeline dashboard with match scores (88-94% range shown) and a live referral messaging stream. Onboarding is positioned at approximately 5 weeks with 4 hours of total client time required.

RefeRec's primary customer segment is Australian recruitment agencies using Bullhorn or JobAdder, addressing pain points around AI-generated CV volume, passive talent (73% of talent per company claims), rising job board spend, and the 95% of candidate databases that are typically not leveraged for referrals. A secondary segment — direct employers seeking employee referral programs — is supported through a dedicated "For Employers" track on the website.

The business model is annual SaaS subscriptions with value-based pricing anchored to placement outcomes ("two placements pays for a year"), benchmarked against a junior resourcer cost of $77,000-$91,000 per year. Go-to-market is consultative and sales-led: outbound discovery calls, demos, and an interactive ROI calculator drive mid-funnel conversion, with a "Book a discovery call" CTA featured across the website. Distribution channels are direct-to-agency within Australia only, and the company is registered in the UK (Manchester) while operating commercially in the Australian market. There is no disclosed funding, no named customer logos, no headcount data beyond 1-10, and no public revenue figure, which materially limits visibility into commercial traction.

Name

REFEREC LTD

Legal name

RefeRec Limited

Website

https://referec.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

RefeRec Limited develops cloud-based referral recruitment software that integrates natively with Bullhorn and JobAdder ATS to automatically identify referral opportunities from existing candidate databases, serving Australian recruitment agencies and employers via annual SaaS subscriptions.

Ownership category

akta.pro rank

Product category

Recruitment Software

NAICS

Employment Placement Agencies and Executive Search Services (56131), Employment Placement Agencies (561311)

SIC

Services-Prepackaged Software (7372), Services-Employment Agencies (7361)

akta.pro industry

PRIMARYBPACAPAD

Talent Acquisition (Recruiting) & Applicant Tracking (ATS)

Business & Public Services/HR, Staffing & Recruitment Services/Human Capital Management (HCM) & HR Tech

SECONDARYBPACAKAG

Recruiting Administration Outsourcing (Recruitment Support, Scheduling, Onboarding Ops)

Business & Public Services/HR, Staffing & Recruitment Services/HR Outsourcing (HRO) & Shared Services

SECONDARYFSAEAMAJ

Payroll, HR & Benefits Referral Networks

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Introducers, Finders & Referral Networks

Keywords

• Referral recruitment software
• ATS integration platform
• Candidate referral automation
• Recruitment agency SaaS
• Talent sourcing software

Headquarters

HQ city

Manchester

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software Subscription: SaaS-based referral recruitment software sold to Australian recruitment agencies. Pricing is based on a model where two placements pays for a year of service, suggesting a value-based pricing tied to placement outcomes.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

RefeRec develops and sells referral recruitment software that sits natively inside Bullhorn and JobAdder applicant tracking systems. The platform automatically identifies referral opportunities from a recruitment agency's existing candidate data and notes, then delivers warm, vouched-for candidates directly into the recruiter's workflow. It is offered as a cloud-based SaaS subscription to Australian recruitment agencies, with pricing structured around annual contracts and value-based on placement outcomes.

Product overview

RefeRec is a single unified referral recruitment software platform designed for Australian recruitment agencies. The platform integrates natively with Bullhorn and JobAdder ATS systems and automates the identification and delivery of candidate referrals. The core offering includes the main RefeRec platform along with an ROI Calculator tool for agencies to assess potential revenue from their candidate database. RefeRec turns existing candidate databases into referral opportunities, identifying the 95% of candidates that agencies are not currently leveraging for referrals.

Differentiator

Problem solved

Functional benefit

Products and services

• RefeRec referral recruitment platform

Quantifiable outcome

• 60% faster time-to-hire
• +6 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability1 record

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• BullhorncoreTechnology or IntegrationNative integration partnership with Bullhorn ATS platform. RefeRec connects to Bullhorn in minutes without migration projects, enabling automated referral identification from existing candidate data and notes within the Bullhorn workflow. Bullhorn logo is displayed as a key integration partner on the homepage.
• JobAddercoreTechnology or IntegrationNative integration partnership with JobAdder ATS platform. RefeRec connects to JobAdder in minutes without migration projects, enabling automated referral identification from existing candidate data and notes within the JobAdder workflow. JobAdder logo is displayed as a key integration partner on the homepage.

Scale indicators10 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Comeet: Comeet is a collaborative ATS with built-in referral and employee-network sourcing capabilities. It competes with RefeRec by offering referral functionality natively inside its ATS, removing the need for an external integration.

Broad incumbents

• Bullhorn: Bullhorn is the dominant ATS for the recruitment staffing industry and RefeRec's core integration partner. As an incumbent, Bullhorn could natively expand into automated referral workflows, making it both a critical partner and a potential competitive threat to RefeRec.
• Workable: Workable is a global ATS with employee referral sourcing features and a broad customer base across geographies including Australia. It is comparable as a broader talent-acquisition platform that bundles referral capabilities RefeRec sells as a specialist layer.
• Lever: Lever is an established ATS + CRM platform with built-in referral functionality and ATS-integrated sourcing tools. It competes in adjacent recruiting-software territory and represents the kind of incumbent that could expand to address RefeRec's use case.
• Greenhouse: Greenhouse is a major enterprise ATS with native referral capabilities and a large ecosystem of recruiting integrations. It is comparable to RefeRec as a broader talent-acquisition platform that increasingly absorbs features like automated referrals.
• JobAdder: JobAdder is a leading ATS for Australian and APAC recruitment agencies and RefeRec's other core integration partner. Its incumbent position in the same target market makes it comparable to RefeRec's customer base and a potential platform competitor.

Direct peers

• RoleFit.ai: RoleFit offers referral-based candidate sourcing tools aimed at recruiters and agencies looking to leverage networks and existing relationships. It is comparable to RefeRec in focusing on referral workflows for recruiters rather than broad ATS functionality.
• EmployeeReferrals.com: EmployeeReferrals.com provides employee referral program software with ATS integrations, directly competing with RefeRec's employer-side value proposition. Both companies monetize referral-based hiring outcomes through software subscriptions.
• Teamable: Teamable provides employee referral and internal mobility software with ATS integrations, allowing employers and agencies to tap networks for hiring. It overlaps directly with RefeRec's referral-recruitment workflow, though historically more employer-direct than agency-direct.
• Boon: Boon is a referral platform built specifically for recruiting agencies, enabling them to source candidates through employee and candidate networks. It competes head-to-head with RefeRec in the recruitment-agency referral software category and shares a similar ATS-integrated go-to-market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/referecltd

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about REFEREC LTD