A staffing marketplace that matches workers with temporary side jobs has raised €45 million in a growth financing round which will see it launch in the UK.
Zenjob has developed a digital platform that matches workers with side jobs in a growing number of sectors including eCommerce, logistics, retail and service industries.
To date, the company has helped to match over a million jobs in Germany and the Netherlands. More than 40,000 workers are using the platform each month to book side jobs. Zenjob employs its ‘talents’ directly and pays 50% of the salary within 72 hours after a fulfilled shift.
The firm, which currently helps more than 2,500 companies in more than 10,000 locations to find talent, says it has high fulfilment rates.
The round was led by Aragon with contributions from all existing investors including Acton Capital, Atlantic Labs, Forestay, and Axa Venture Partners.
Zenjob will use the capital to accelerate its growth and expand to new cities in Germany and the Netherlands. It will also bring the marketplace to the UK later this year and offer new job categories.
The team will also heavily invest in the extension of the technology platform and grow the team that is responsible for the new modular platform architecture, the matching algorithm, and new automated services.
“The growing demand for temporary work offers an opportunity to help people book reliable jobs with the click of a button while offering benefits like faster payouts and a steady stream of income,” said Fritz Trott, co-founder and CEO.
“It’s a win-win situation, both for companies and our talents. For us, this is the foundation to grow our platform and bring our services to new cities and countries.”