To expand its “Workforce-as-a-Service” marketplace, Moroccan company Jobop, an on-demand temporary employment platform, has raised a US $1 million seed round of investment.
Jobop, which debuted in early 2021, uses its own technology to link businesses with blue-collar temporary labour in industries including hospitality, construction, transportation, and manufacturing.
In a seed round headed by Azur Innovation Fund and included Plug and Play Ventures, business angels, and the firm, which has witnessed the growth of over 80% on a quarterly basis, the company has now revealed that it has received US $1 million. In April of this year, the round was finished.
With a debut in Egypt anticipated for this year’s end, Jobop will utilize the funding to expand to additional countries and further develop its tech product.
“We are thrilled to invest in Jobop and support them in their ambition of becoming the leading temp staffing company in Africa. Not only are they building a robust business but will also be having an important social impact by providing jobs to thousands of Africans,” said Adnane Filali, general partner at Azur Innovation Fund.