Jobandtalent Raises Usd 250M Debt Facility To Enable Flexible Wage Payments To Workers

Company

About

Existing investors including Atomico, DN, Infravia, Kibo and Quadrille also participated in the round — which the startup said values its business at $2.35BN (post-money).Alongside the equity raise, the 2009-founded startup has secured another chunk of debt financing ($75M) from Blackrock.Jobandtalent says the latest funds will be used to accelerate its expansion in key markets, including the US — its most recent focus. ,” the startup told us. The startup touts an average NPS score for workers on its platform of 56 vs an industry average that it says stands at just 18. In the first nine months of 2021, Jobandtalent says its platform was used to match more than 100,000 workers to casual roles.