Madrid, May 5, 2022 - Job&Talent secured USD 250 million debt financing from US investment banks Citi, Goldman Sachs and European investor AnaCap Financial Partners (“AnaCap”).
The debt financing will allow Job&Talent to facilitate tangible benefits and enhance its foundation for innovative financial products offered to workers. For example, it will be used to enable daily payments and free early access to wages (applicable to most jurisdictions) in the coming months. Job&Talent expects the financing to assist it in its mission of reshaping temporary work and providing the conditions for people to truly thrive.
Job&Talent was founded in 2009 in Madrid and harnesses the power of technology and data to connect people with a steady stream of work through a managed job platform, which tears down the barriers to job searching and hiring. In 2021 the company placed over 200,000 people on new jobs in over 2,000 companies, has the highest NPS in the industry and is operating in 9 countries across Europe, Latin America and the USA.
Juan Urdiales, Co-Founder and CEO of Jobandtalent, said: “We stay committed to giving our workers the best possible support within an increasingly flexible work economy. We understand the current market conditions and macroeconomic factors such as inflation can be extremely challenging for them. We believe a lot of our people will benefit from having early wage access and flexible payment options to accommodate their personal finances and cover unexpected costs. We are proud to have been able to raise financing to support this commitment.”
Today’s announcement follows a record quarter for growth financing, with Job&Talent closing a $500 million Series E funding round led by Kinnevik and significant follow-on from existing investors in December 2021, which valued the company at $2.4 billion post-money. The debt financing program supports its global funding strategy and allows Job&Talent to pursue its ambitious expansion plans to new markets.
ABOUT JOB&TALENT
Job&Talent is a world-leading marketplace for essential work, matching great people with great companies directly through its platform. Founded in 2009, Job&Talent is reshaping temporary work by tearing down the barriers to job searching and hiring through the power of technology. From easier and faster ways of getting hired, to providing stability and benefits, Job&Talent helps workers feel valued and respected in their roles, while supporting clients with efficient and flexible workforce management solutions. By putting simplicity and fairness at the core of its business model, Job&Talent placed more than 340,000 workers in over 2,500 companies in 2022 across a variety of industries including logistics and retail. Headquartered in Madrid, Job&Talent operates in 10 countries across Europe, the U.S. and Latin America and has raised approximately 850 million USD from investors such as Atomico, Kinnevik, and Softbank. For more information, please visit www.jobandtalent.com.
