Tech recruitment platform Glints eyes Vietnam, Hong Kong expansion with US$6.8M funding
Glints, a tech-enabled recruitment and career development platform in Southeast Asia, has secured US$6.8 million in an oversubscribed Series B funding round led by Monk’s Hill Ventures.
Other investors include Hong Kong-based MindWorks Ventures and existing investors Fresco Capital and Wavemaker Partners, the Singapore-based startup said in a statement.
The money will be used to expand into Vietnam and Hong Kong, in addition to growing its product and engineering teams.
Launched in 2015, Glints combines the skills of experienced recruiters and technology by automating certain recruitment processes, such as candidate sourcing, matching and follow-ups. Recruiters will be able to match strong graduates with one of Glints’s employers for a good job opportunity.
The firm says it takes an end-to-end approach for potential candidates that goes beyond just sourcing profiles to actually developing candidate supply through training programs such as Glints Academy. The Academy is a coding bootcamp that trains young talent in Indonesia to become developers.
The company’s clients include Go-Jek, FWD Insurance and UOB Bank. Glints claims its clients on an average make successful hires in 28 days compared to industry standards of 40-50 days, and with a lower cost.
Oswald Yeo, CEO and Co-founder of Glints, said: “We believe we have found the right growth model to solve the challenge of finding the best talent that is targeted, cost and time efficient for both clients and candidates. Employers have a tough time finding the right candidates on job portals and waste much time filtering through irrelevant applications. Traditional headhunters, while more effective, are too expensive for many employers, especially when they are hiring for junior to mid-level positions, which is especially common in Southeast Asia given its young workforce.”
Peng T. Ong, Managing Partner of Monk’s Hill Ventures, commented: “Employers are struggling to fill their vacancies with a shortage of skilled talent worldwide, and it is no exception in Southeast Asia. Glints has thought through the entire journey of someone who is looking for work or talent and has developed an end-to-end tech solution that meets the needs of both candidates and companies in Asia. The traction and strong growth we’ve seen is very exciting, which is why we decided to partner with Glints and lead the investment of their Series B round.”