Roundup: Indeed Partners With Fundbox, First Advantage Files IPO

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Our weekly roundup of deals, product announcements and other HR technology news.

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Indeed and SMB financial platform Fundbox formed a partnership to provide small companies with better capital and hiring options. Fundbox CEO Prashant Fuloria said the partnership provides Indeed with “access to entrepreneurs who are actively growing their businesses and looking for top talent.” Fundbox is embedded in a range of business solutions, such as Quickbooks, Freshbooks and Xero.

Hiretual updated the pricing and functionality of its Starter, Standard and Professional plans. The company introduced candidate sourcing and expanded email engagement functions to its plans for small to medium-sized businesses. It also reduced monthly and annual payments for the plans in an effort to make AI recruitment technology more affordable for growing businesses as the economy recovers from the Covid-19 pandemic.

This week in #HRTech: @Indeed and SMB financial platform Fundbox form a partnership. Hiretual updates pricing, functionality. First Advantage launches IPO. And more in this week's roundup. #HR Click To Tweet

First Advantage launched an initial public offering of 21 million shares of common stock. The estimated offering price is between $13 and $15 per share. The company has applied to list the shares on the Nasdaq Global Select Market under the symbol FA.

Paris-based Malt, a freelance marketplace for European talent, has raised 80 million euros, or about $97 million, from investors led by Goldman Sachs Growth Equity and Eurazeo. The funds will be used to advance its product development and speed its expansion into new markets.

People analytics technology provider ChartHop raised $35 million in Series B financing in a round led by Andreessen Horowitz, joined by Elad Gil and previous investors Cowboy Ventures and SemperVirens. The investment comes less than a year after Andreessen Horowitz led a $14 million Series A round. ChartHop’s approach allows employers to aggregate and visualize their HR data, providing alignment, clarity, and context across all levels of an organization.

Freelance management platform Stoke announced a $15.5 million Series A round led by Battery Ventures with participation from previous investors including TLV Partners, Dynamic and Loop. The investment will allow Stoke to expand and better meet the demand from U.S. customers. To date, the company has raised $20 million.

Pay on demand firm Clair closed a $15 million Series A funding round led by Thrive Capital. The round brings Clair’s total funding to $19.5 million. The company allows employers to give hourly and gig workers cash advanced on their earning.

Greenshades Software signed a partnership with JazzHR that will make ATS features available to users of the unified payroll platform. The company said the partnership will allow customers to “optimize and automate” their recruiting lifecycle in a fully integrated way.

PRO Unlimited enhanced its Worker Experience, Employer of Record (EOR) and Independent Contractor solution. The new approach is meant to help organizations better attract, manage and retain contingent talent.  

AMS—previously known as Alexander Mann Solutions—partnered with recruitment platform WayUp. The link will provide AMS clients with access to WayUp’s 6 million candidates from more than 7,100 colleges and universities, 71% of whom self-identify as underrepresented minorities.

Last Week’s Top Stories

UKG Grows Revenue, Unveils Vision for ‘Life-Work’ Products

UKG said quarterly revenue increased to $798 million during its fiscal second quarter, which ended March 31, 2021. Subscription revenue grew 12% year over year, which the company credited to new-customer orders and increasing purchases by existing  customers. Read more.

How APIs Are Powering HR Technology Success

Today’s HR technology landscape offers HR leaders countless tools to modernize their way of working—but it can also create hurdles like disparate data flowing across many HR systems, unfriendly user platforms and ineffective business processes. Read more.

New Capabilities from SAP Focus on Transformation, Flexibility

 SAP unveiled a new solution to help organizations drive cultural change and digital transformation by combining RISE with SAP and the company’s Human Experience Management tools. Read more.

Podcast: How ADP’s Lifion Turns Complexity Into Simplicity

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