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weployapp.com

Stage

Angel | Alive

Total Raised

$750K

Last Raised

$750K | 5 yrs ago

About Weploy

Weploy created a simple online platform that connects businesses looking for short term support staff with employees looking for great work experiences. Weploy has cut out the middleman to provide employers and an able workforce with a fast and easy on-demand staffing solution.

Weploy Headquarters Location

1/57-61 Alexandra Parade

Collingwood, Victoria, 3066,

Australia

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Expert Collections containing Weploy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Weploy is included in 2 Expert Collections, including HR Tech.

H

HR Tech

4,016 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

O

On-Demand

1,247 items

Latest Weploy News

Weploy recruiting investors for $15m round

Nov 18, 2021

Share Roll up! Roll up! Workforce technology company Weploy is recruiting investors. The business - an on-demand temporary staffing platform connecting pre-qualified casual workers experienced in customer service and administration with the likes of Volkswagen and UniSuper - is seeking to raise $15 million, in exchange for a small equity stake in the company. Weploy’s Tony Wu said his experiences in the recruitment industry inspired him to start Weploy. Founded in 2017 by Tony Wu, Vince Luong and Nick La, the recruitment tech business was built to create a more efficient process for employers and empower casual customer service staff to find work easily. The company is understood to have first considered raising funds last year and held off thanks to COVID-19. The business is tracking to 140 per cent compound annual revenue growth between 2017 and 2021 and expects $20 million-plus revenue next year. Advertisement The company also counts Super Retail Group, Medibank, Toyota Financial Services, AIA Insurance and Deliveroo as customers. To date, it has invested $8 million into developing its recruitment platform. Weploy has enlisted Lempriere Wells - also looking for a backer for Supernova - to help it raise the funds, and it’s expected to target investors in Australia and the US. The firm is calling for bids ahead of Christmas. The capital raise is slated to carry the company through to profitability, and revenue of about $73 million. “When I first received the offer to start working in the recruitment industry, I was really excited at the thought that I was able to help people find jobs, and relate to business owners in sourcing top talent to help grow their businesses,” Wu said. “As time went on, however, I realised there were a lot of things I didn’t see eye to eye with in traditional recruitment…… I have several bottles of unopened champaign in my house that were awarded to me for securing high margin contracts from not-for-profit organisations that are trying to make a difference with limited resources… the unopened champaign bottles are a reminder of what drives the mission of Weploy,” Wu said. Advertisement Luong, who serves as CEO, said the company had started out servicing small businesses, but quickly took on enterprise clients. ”Throughout COVID-19 we focused on refining and beefing-up our technology to be the most purpose-built solution in the customer service vertical. By doing this our growth has really surged and already allowed us to expand organically into New Zealand,” he said. While growing locally is still its priority, expanding to the US is on Weploy’s agenda and this could be accelerated if it brings on a US investor. In 2024, the company will likely toss up an initial public offering, or a larger Series B capital raise. Get a first look at tomorrow's headlines Sign up to the Street Talk First Look newsletter

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  • Where is Weploy's headquarters?

    Weploy's headquarters is located at 1/57-61 Alexandra Parade, Collingwood.

  • What is Weploy's latest funding round?

    Weploy's latest funding round is Angel.

  • How much did Weploy raise?

    Weploy raised a total of $750K.

  • Who are the investors of Weploy?

    Investors of Weploy include Van Luong.

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