Clockster

Clockster — the Kazakhstan service founded in 2018 intended for automation of a time recording of employees. A system allows the companies to automate payroll, sheets of a time recording, to simplify and manage the schedule of personnel and to considerably improve interaction between employees and their employers irrespective of the geographic location and time zones.

Founders of Clockster claim, the platform reduces the missed profit by 10-15%, increases efficiency of employees by 20%, reduces costs for management of the corporate schedule and puts documentation in order.

By the beginning of December, 2020 the startup has about 160 clients, the majority (85%) of whom are the Kazakhstan companies. Also use the product Clockster in Russia, Uzbekistan, Singapore, in Ukraine and Philippines.

History

2020: Attraction of $750 thousand investments

At the beginning of December, 2020 Clockster announced attraction of $750 thousand investments from the Singapore fund Quest Ventures, anchor investors which JSC QazTech Ventures and Pavilion Capital – Temasek Holdings subsidiary company, the Russian HR & ED-Tech Accelerator and a serial angel investor of Talgat Ismail are.

Clockster is going to spend the received funds for marketing, research and development and also for business development in Southeast Asia and the CIS. Besides, the staff increase of specialists and development of SaaS platform is planned.

The Kazakhstan service attracted $750 thousand to automation of a time recording of staff of Clockster.

I consider that similar support is necessary for domestic startups, especially in the period of a pandemic when to enter global markets extremely difficult — the founder of a startup of Clockster Yerzhan Ryskaliyev said.

According to forecasts of analysts of People Matters, by 2025 the volume of the world market of tools for human resources management will reach $30 billion^[1]

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