Singapore startup Temploy secures equity investment from Indonesia’s WGS
By Digital News Asia March 19, 2015
- Deal will see a leveraging of services across the two countries
- WGS will also provide its engineering capacity and capability
SINGAPORE startup Temploy said it has secured an equity investment from Bandung, Indonesia-based enterprise technology company PT Walden Global Services (WGS), but did not give further details.
Temploy was launched late last year to automate the pairing of temporary workers to employers. The deal with WGS deal will give Singaporean and Indonesian businesses access to employment candidates, it said in a statement.
The deal between Temploy and WGS will see a leveraging of services across the two countries. The Temploy platform will now be able to offer part-time developers from Indonesia to Singaporean business, while WGS will create an Indonesian office for Temploy to allow all employers to find temporary employees and vice versa.
“Temploy can help hundreds of thousands underemployed people in Indonesia to fare better and be happier,” said WGS chairman Ikin Wirawan.
“And WGS, through its engineering capacity and capability, will help Temploy achieve its vision and expand throughout Asia in the next few years,” he added.
As a software outsourcing firm, WGS is acutely aware of the need for temporary employment. As the demand for web and app development rose eight years ago, Ikin started with a team of four. Today, with over 200 developers working on projects in 25 countries, the firm thrives on providing part-time work.
Temploy said its business model is simply to charge candidates a single dollar (US$1 or 13,000 rupiah) for a successful match, and employers twice that for a vacancy slot. It is currently developing a mobile app for the iOS and Android platforms.
“We’ve always been keen on, but wary about, Indonesia due to the sheer market size,” said Temploy chief executive officer Mark Koh (pic).
“In WGS, we found the perfect partner who understands our business and has the capability to bring Temploy to 11 million part-timers in the country,” he added.
Temploy was among the top eight finalists in ChannelNewsAsia’s reality TV series Start-Up.
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