Singapore-based FastCo has raised US$7.4 million in Series A funding, with the aim to expand in Southeast Asia.
Malaysia-based investment OSK Ventures International (OSKVI) led the funding, putting a total of $3.4 million U.S. into FastCo. Previous investor Cento Ventures and new entrant Kairous Capital also participated in the round.
FastCo, an associate company of Singapore Press Holdings Limited, operates FastJobs.sg an employment marketplace that matches job-seekers with employers to fill non-executive and part-time jobs.
The company’s mobile app connects non-executive job-seekers with reliable employers quickly and easily and has expanded from Singapore to Malaysia and the Philippines. With just a tap, applicants can apply for jobs from thousands of trusted employers in three different Southeast Asian countries, says the company.
FastCo also launched FastGig at the beginning of this year, with the goal to ease headcount constraints and labor shortages for businesses in the manual, service and semi-skilled segments, particularly in peak season. Employers on the app include NTUC FairPrice, Domino’s Pizza Singapore and Phoon Huat.