News and Announcements
TikTok for Jobs Has 217% Growth (Totalling 20K Listings) Over 6 Months
- Published July 22, 2021 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
“Vpply benefits job seekers who are trying to get their foot in the door by providing an alternative to the standard job application process of using CVs and cover letters.
We are also solving the challenges of mass applications and addressing the substantial time cost of reviewing lengthy and irrelevant applications for companies’ hiring managers. Vpply immediately provides a video shortlist that allows job seekers and employers to connect quickly.”
Tom Lipczynski, Co-Founder, Vpply
Executive Summary
Vpply is a job board that has listed over 20,000 jobs in just over six months in Australia.
It currently has 10,000 jobseeker videos available to paying clients.
The concept of Vpply’s technology stemmed from the apparent lack of human connection in the first stage of the hiring process: the job search. Recognising this problem, the minds behind Vpply created a solution that would allow job seekers to establish a more genuine and impactful first impression by applying through a short video instead of the traditional CV and cover letter. Ultimately, this approach has made the process more personal and effective.
Vpply operates in the global recruitment industry, currently valued at $478B. With key integrations secured, a proven sales-oriented leader at the helm, and a highly scalable model, Vpply is well-positioned to become a global leader in the video job board space.
Investment Highlights
- Vpply’s pre-seed round is already over 50% funded.
- Vpply has been generating recurring revenue since March 2021. This revenue includes MRR and annual prepaid deals.
- Vpply had a 217% growth in job seekers in just five months, with month-on-month record highs in jobs posted and jobseekers secured.
- After it completed its soft launch in New Zealand, Vpply is on track to launch in the USA, the UK, Canada, and other markets this year.
- Integrations with leading applicant tracking systems used by KFC, Amazon, McDonald’s, and thousands of direct employers and recruitment agencies are already complete. Furthermore, Vpply has speech-to-text technology implemented alongside various projects in the testing phase to guide job seekers to their dream job.
- Vpply has established an experienced team with members from Indeed, Gumtree Jobs, eBay, and Adzuna to ensure its continued growth.
Investment Offering
Vpply is raising AUD 300,000 for 15% equity of the company to drive sales and fund the next level of growth.
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