B2B Payments

Startup Backed For Streamlining SME Hiring

Greece isn’t exactly the world’s model citizen of financial success these days, but one startup from the nation is bucking the reputation. Reports by The Wall Street Journal on Wednesday (Sept. 30) said that Workable Technology has just raised a healthy $27 million in Series B funding.

The company helps other small businesses find and recruit new talent, making it easier for them to sift through applications and inquiries.

And while Workable Technology has since moved out of Greece, reports said the company assures the nation’s economic turmoil was not the reason. Instead, it was to be closer to the English-speaking market. Plus, said Workable Technologies Chief Executive Nikos Moraitakis, having an office in Greece means the company can access local engineers instead of having to move to overseas tech hubs.

Reports said the company charges SMEs between $19 and $400 a month for its services, which operate on the cloud, depending on the volume of applications a business receives.

SMEs can also create job listings for full- or part-time contracted positions and target their search to specific markets, streamlining the talent hunt.

According to reports, Balderton Capital led the investment round, which also saw participation from 83North and Notion Capital.

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