Wonlo, an on-demand staffing app, has recently raised $32 million in funding raised by Bain Captial Ventures. Headquartered in San Fransisco, the staffing start-up was co-founded by former Coca-Cola employees and has already secured brands such as Papa John's and Uniqlo as clients. According to COO Aj Brunstein, Wonlo was created to help larger companies find temporary staffers and boasts the average time to fill a job through Wonlo is just four minutes, compared to the weeks or months traditional staffing agencies claim.
Part of the success of the on-demand staffing app lies in its rating system. After a job is completed on the app, both the company and worker are asked to rate their experience. This data then feeds into Wonlo's algorithms to workers with more positive rating see jobs posted by companies that also hold high ratings.
What's Driving This Trend
- On-demand Staffing
- Wonlo's success in providing on-demand staffing in just 4 minutes creates opportunities for other startups to streamline this process
- Rating System
- The role of rating systems in Wonlo's success in matching workers and companies quickly and efficiently highlights the importance of incorporating a similar system for other on-demand staffing apps
- Funding for On-demand Staffing Startups
- The recent $32 million funding raised by Wonlo signifies increasing investor interest and highlights available funding opportunities for other on-demand staffing startups
Who This Affects Most
- Staffing and Recruitment
- Wonlo's innovation has disrupted traditional staffing and recruitment agencies and created new opportunities for on-demand staffing apps in this industry.
- On-demand Labor Marketplaces
- Wonlo's success as a leading staffing app creates opportunities for other platforms in the on-demand labor marketplace to streamline their service and create more efficient matches between workers and companies
- Technology Startups
- The success and funding raised by Wonlo creates opportunities for new technology startups entering the on-demand staffing market and could disrupt this industry even further
