Singapore HR marketplace snaps up $1m seed funding from Beenext

The Singaporean staffing market is worth around US$1 billion, according to a 2017 report from advisory firm Staffing Industry Analysts.

Given this vast opportunity, hiring marketplace Snaphunt believes that the country is an extremely lucrative market.

To strengthen its footprint in the Lion City and boost product development, Snaphunt has secured a US$1 million seed funding from venture capital firm Beenext.

Photo credit: Snaphunt

“Snaphunt is not a jobs board, rather it’s a recruitment agency but without any human recruiter,” says founder Tulika Tripathi.

The platform leverages on artificial intelligence to make white-collar hiring “faster, more convenient, and accurate.”

“Compared to ‘specialist white-collar recruitment agencies,’ we are very data-driven. We remove bias when it comes to sourcing and screening talent, and we are significantly more affordable,” Tripathi tells Tech in Asia.

She claims the platform eases the pain of hiring by sourcing and screening applicants using its proprietary algorithm to propose the most suitable talent to employers.

As for job seekers, they don’t need to browse for job postings and repeatedly apply for roles. Snaphunt only proposes roles that matches candidates’ skills, competencies, and requirements. The platform also gives real-time updates on job applications.

Aside from Singapore, Snaphunt is also eyeing other Southeast Asian markets. “We are planning to expand to seven countries by the end of 2020,” Tripathi shares.