Jibble Group, Malaysia’s HR tech startup, has recently acquired an additional $2.5 million in funding - bringing company value up to a cool $33 million.
Investors in the round included a UK-based family office, David Goldstein (previously iFlix’s Head of Asia) and Jibble Group CEO Asim Qureshi.
Most of the fresh funds will be spent on growing the product team and expanding its operations in the Philippines, the company said in their statement.
Launched in November 2017 by venture builder LaunchPad, Jibble operates a cloud-based time and attendance application for employers to manage their workforce. Its two key products are PayrollPanda and Jibble.
PayrollPanda claims to be Malaysia’s cloud payroll solution for SMEs, with more paying customers than all the other cloud payroll solutions in Malaysia combined.
Meanwhile, Jibble is a location-based time-tracking app with customers in over 50 countries.
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