NEXT176, supported by Old Mutual, invests R27 million in JOBJACK, a South African tech startup reshaping entry-level recruitment.
JOBJACK’s innovative approach tackles accessibility and affordability challenges in the job market by enabling candidates to apply directly from their mobile phones.
JOBJACK empowers candidates by eliminating costs associated with traditional job-hunting methods like CV printing and transport, allowing applicants to apply directly from their mobile phones.
The platform is now data-free for MTN and Vodacom network users, making job hunting more accessible and cost-effective for job seekers.
In a significant development for the tech startup, the pre-Series A funding round led by NEXT176 and supported by the Michael & Susan Dell Foundation will inject R45 million into JOBJACK, marking a pivotal moment in its growth journey.
Founded in 2018 by young chartered accountants Christiaan van den Berg and Heine Bellingan, JOBJACK has already attracted 2 million job seekers, with about 2000 new registrations daily.
This substantial funding will further propel JOBJACK’s expansion, enabling it to extend its services to an even larger network of employers and job seekers across the nation.
Tramayne Monaghan, Chief Ventures Officer at NEXT176, says they are excited about the investment. “Our mission at NEXT176 is to build and invest in disruptive businesses that are not only sustainable but also have the power to change lives. JOBJACK’s innovative approach to redefining entry-level recruitment in South Africa perfectly aligns with this vision.”
Leading South African employers, including PEP, Food Lover’s Market, McDonald’s, KFC, DSV, and many others, are already on board, leveraging JOBJACK to connect with potential employees.
As JOBJACK continues to redefine entry-level recruitment, NEXT176 stands by its commitment to catalysing change, one investment at a time.
Monaghan adds, “In addressing jobseekers’ pain points, we believe in the ripple effect of JOBJACK – how changing one life can set in motion a chain reaction of positive change, paving the way for a more inclusive future for South Africans.”
Also read: GUGU LOURIE: Giants battle in African insurance revolution
