Daily News

View All News

Japan – Temp Holdings invests in online staffing firm Wonolo

13 January 2017

Online staffing firm Wonolo received an investment from Tokyo-based Temp Holdings Co. Ltd., the ninth-largest staffing firm in the world.

Wonolo operated in the “just-in-time” staffing segment of online staffing firms where buyer can order, pay and manage workers online while the workers perform tasks at a site such as setting up a display in a grocery story.

The deal closed Wednesday, but the amount of funding was not announced.

Wonolo Co-Founder and COO AJ Brustein said the he is excited about the deal because two companies don’t overlap in terms of business and the deal highlights the growing impact of online staffing firms.

“It’s just really a validation that traditional temp staffing agencies are seeing the disruption in this space,” Brustein said. “We’ve been thinking about doing something like this for a while now, but we needed to find the right partner.”

In addition, there will likely be a lot of mutual learning between the two companies.

Wonolo passed the 100,000 jobs completed mark earlier last year, and it has 30,000 onboarded Wonoloers. Most of its jobs use independent contractors, but the company rolled out a W-2 option last year.

Temp Holdings last month also made an investment in Hack Reactor LLC, a coding boot camp based in San Francisco.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.