France-based freelance startup Malt has acquired US$28.6mn or €25mn funding in a recent development. The funding comes from Idinvest, ISAI, and Serena, of which Idinvest hold the highest share. With this investment, the startup is currently valued at US$36.6mn or €32mn.
Malt is a marketplace for 100,000 freelancers and 15,000 companies. After today’s funding, the company is looking to expand across other European countries. Currently, there are 10,000 freelancers on the platform from Spain. And, the company plans to enter the markets of Germany and the Netherlands in the future.
Malt to Take Care of all Irritating Formalities
Malt thinks that hiring freelancers could be the best alternative for consulting companies, especially for those in the information technology sector. The hiring company can rate a freelancer on their working capabilities, strengths, and weakness. This way, companies can decide on their freelance hires.
Additionally, a freelancer doesn’t need professional connections to find a job. Malt acts as a broker and can connect a freelancer with many companies on a single platform. Further, this function also eliminates the need for sending emails on job completion or payment inquiry. As a result, the company simplifies all the troublesome administrative formalities between the freelancer and employer.
Moreover, the company is also offering deals and benefits such as health coverage. Malt has clients such as Accorhotels, BlaBlaCar, and Société Générale. Further, more than 75% of the top companies in France have worked with freelancers from Malt at some point. Additionally, the company provides facilities to find freelancers on the DevOps, data science, and other job domains.