Jobop, a Moroccan startup that offers an on-demand platform for temporary employment, has completed a seed round of fundraising in the amount of $ 1million to grow its presence in the “Workforce-as-a-Service” sector.
The seed round received funding from various sources, including business angels, Azur Innovation Fund and Plug and Play Ventures.
Jobop, which began operations in the early part of 2021, makes use of its proprietary technology to connect businesses with blue-collar workers who are available for temporary work in fields such as the contractual trial manufacturing, logistics and hospitality.
The Enterprise Software industry in Saudi Arabia has shown the most optimistic statistics this year. Year-over-year funding has increased by more than 3,000 per cent, and the sector has signed four more transactions than it did in the first quarter of this year.
Adnane Filali, the general partner at Azur Innovation Fund, said Investing in Jobop allows us to support their mission of becoming the dominant player in the African temporary job market; they will not only be successful in building a business, but they will also have a significant humanitarian impact by providing employment opportunities for thousands of people in Africa.
According to Adnane Filali, General Partner at Azur Innovation Fund, “We are pleased to make an investment in Jobop and assist them in their quest to become the preeminent temporary employment agency in Africa.” In addition to building a successful company, they will tremendously impact society by providing thousands of people in Africa with access to education.
Jobop wants to put the funds into the development of its technical product as well as the expansion into additional countries, with the launch in Egypt scheduled for the latter half of this year.