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With $5.1M, this Bangkok-based startup is optimising entire recruitment process for SMEs

Manatal
Image credits: Manatal

Over the years, recruiting has become an arduous task, particularly in finding the ideal skill set. In fact, finding the right talent at the right time had become a rare concept on a global scale. 

According to a case study by McKinsey & Company, companies can realise a 40 percent increase in the quality of hires and a 12 percent decrease in first-year attrition after they become more thoughtful and data-driven about hiring. 

As the war for talent continues to intensify amidst changing employee expectations and an increasingly borderless world, companies are also looking for simplified technology-based platforms to enhance their candidate experience, says the report. 

Meet Manatal

Here’s where Bangkok’s Manatal comes into play! The company’s mission is to transform the way companies recruit on a global scale. Manatal was built with the vision of democratising recruitment software. 

Recently, the company has raised $5.1M in seed funding from Sequoia India’s Surge alongside angel investors. 

The funding will enable the company to accelerate its product offering and enhance the AI-recommendation engine in the following months.  

“Manatal was designed to hire faster and better in a world where getting the best talents is critical for any company’s success. With Manatal, companies can now match the perfect fit for positions they are recruiting for in minutes. We’re proud of the success the platform has seen and is looking forward to further expanding our global reach”, shares Co-Founder and CEO of Manatal, Jeremy Fichet.

Simplifies recruitment process

Founded by Jeremy Fichet, and Yassine Belmamoun in 2018, Manatal is an end-to-end recruitment and onboarding SaaS platform. The SaaS platform helps companies streamline and simplify recruitment processes from sourcing to onboarding and beyond.

Manatal also supports companies to improve their internal and external communication, recruitment data sets, track KPIs, and provide AI-powered recommendations. 

To date, thousands of SMEs, tech companies, and startups have joined Manatal, claims the company in the press release. 

Also, the company has placed close to 100K people in jobs since 2019 and is used in over 130 countries. Manatal says its revenues have grown 3x every year. 

Surge

Notably, Manatal is part of Surge’s sixth cohort of 20 companies that build fresher, smarter solutions to help consumers and businesses adapt to a changing world.

To reiterate, Surge is Sequoia India’s rapid scale-up program for startups in India and Southeast Asia. 

The program combines $1M to $2Mof seed capital with company-building workshops, a global curriculum, and support from a community of exceptional mentors and founders.

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