French start-up Iziwork raised USD 43 million in the funding round which included Cathay Innovation and Bpifrance’s Large Ventures. According to sources Iziwork operates a system of temporary work, approx. 2000 companies are handling the platform in Italy and France. Also 8,00,000 applicants have utilized the application to approach career opportunities.
Iziwork tries to apply some assistance to compensate for the part time workers who often keep on changing jobs from one company to another.
What the funding is for: The capital would be used for expanding their platform globally. The France based setup is aiming to reinvent the employment sector, beginning from scratch to onboarding, management and recruitment. The new jobs are replenished within hours through the assistance of an AI system which provides the database recommending the best profile depending upon the type of assignment and vice-versa.
The temporary employees would also have access to profits which they wouldn’t get otherwise, including a 10% annual paid savings account, with addition to provident funds, online learning, medical assistance and instant deposits.
Investors: Cathay Innovation and Bpifrance’s Large Venture
Founders of the company: Mehdi Tahri, Alexandre Dardy
Legal name of the company: Iziwork SAS
About the company: Iziwork is a privately held start-up which comes under the technical industries having a work strength of 201-500 employees. The organization was founded on April 26, 2018. The headquarters is set up at Paris, lle-de-France. Iziwork is a technical employment firm which provides employment workplace for temporary workers. The company wants to pull off a vision to improve the situation of these part timer employees by providing them with sufficient facilities and payroll.
They also deal with various specialties like the internet, marketplace, temporary work, mobile, matching and much more. Dealing with market practices the association offers a worker centric approach to develop to retain and attract the most competent and reliable workers.
Primary objective of the company: Iziwork has been developing a platform which focuses on betterment of temporary employment.
What the CEO has to say: “In a context of economic crisis and working unemployment around the world it is more imperative than ever to reinvent our access to employment, particularly for the least qualified workers.” said by Mehdi Tahri, Co-Founder of Iziwork.
“Thanks to technological innovation we have a unique opportunity to provide both more work by making access to employment more fluid, but also better working conditions for temporary workers”. said by Alexandre Dardy, CEO of Iziwork.
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