Workclass

Workclass - Singapore startup founded by Russian Nikita Okulov, who previously worked in the British recruiting platform Job Today as CEO of Product, Strategy and Operations. Workclass is developing a platform that helps employers streamline and speed up the hiring process, and candidates find full-time or part-time jobs in their convenient neighborhood within 24 hours.

Payment for platform services is made by virtual coins, which the employer can spend on any actions: place a vacancy, promote it, look for employees in the database who did not apply for a specific vacancy, etc. The minimum cost of the package is $375. In the future, Workclass will offer efficiency-based pricing, such as cost per click and "guaranteed hire," to meet the needs of each employer.

History

2022: Raising $3 million in investments

At the end of December 2022, it became known about investing $3 million in Workclass. The round of financing was attended by the venture capital fund Softline Venture Partners. As a result of the investment deal, the startup was valued at $18 million.

The new funding will aim to accelerate growth in all key markets, expand into new regions (Philippines and Malaysia) and develop the product.

Workclass platform founded by Russians raised $3 million

We plan to continue the dynamic development of our jobs market to drive growth for the foreseeable future. The new round will help us expand the coverage area of ​ ​ employers and applicants, increase their involvement, improve our databases and machine learning tools, "said Nikita Okulov, founder and CEO of Workclass.

In the first year of operation, 20 thousand ads were posted on the Workclass platform and 400 thousand responses were received. Of the total number of users registered by December 2022, 170 thousand are applicants and 4.5 thousand are employers. The quarterly revenue growth of the service is currently 40%.^[1]

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