Sunday , February 28 2021

HR Technology Startup Shortlist Announces Launch of $ 2 Million in Mission to Combat Best Hiring in Africa




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30 Below 30 Ariane Fisher in the picture (on the right) with the Shortlist team in Kenya.Restricted list

Finding the right and highly skilled talents is particularly difficult in emerging markets. Since its foundation in 2016, the Human Resources startup Shortlist has analyzed over 400,000 candidates for more than 300 clients including Uber Eats, Shell and Twiga Foods. With offices based in Nairobi, Mumbai and Hyderabad & nbsp;– & nbsp;and services throughout Kenya and India & nbsp;– & nbsp;the growing team of 65 plans to continue expanding in East Africa by 2019.

Today, the company announced that it closed a $ 2 million increase in the A Series, bringing its total funding to $ 3 million. The round was led by Blue Haven Ventures, which joined Zephyr Acorn, Compass Venture Capital and Rafiki. Administrative Director of Shortlist and 30 Under 30s Ariane Fisher explains what comes next for the HR technology business. "With our funding, we aim to expand our reach and relationship with the best job seekers and improve the way we combine job applicants with fantastic career opportunities as well as continue our geographic expansion across Africa."

The sub-Saharan African labor force is expected to increase more than 800 million people by 2030, creating an opportunity to innovate as companies in the region are recruiting their employees. Fisher notes how this increase in the A-series will help the double-listing candidates for efforts to ease the way employers are expanding their teams.

"We are excited to continue exploring different applications of our products across the African continent where we see so much need for new and better ways to understand the skills, attitudes and motivations of job seekers and new and better ways for employers to make hiring decisions "Says Fisher.

Comparatively, what the Shortlist is doing within recruitment is not very divergent from US-based HR systems. But what they sell is that larger companies, such as ZipRecruiter, are not a personalized "human" experience. This and the fact that digital HR is still a under development In the marketplace in places like Kenya and East Africa, Shortlist is building a brand that aims to attract early startups and large corporations in predominantly unexplored areas.

CEO Paul Breloff illustrates why the Shortlist stands out; in comparison with, say, a company that relies solely on algorithmic recruitment services. He believes that LinkedIn's keyword-collecting approach to using natural language processing (NLP) while filtering job applications is a method that loses human potential – and puts youth entering emerging markets at a disadvantage .

"There are more people entering the workforce in Africa in the next ten years than the rest of the world combined – yes, combined – and if we do not find new ways to identify hidden talent, companies will not be able to build the teams they need to succeed, and young audiences will find it difficult to find a stable job, let alone to unlock their potential, "Breloff writes.

In the past, the Shortlist was supported by the Shell Foundation, AHL Venture Partners and University Ventures. He was also nominated for the "Companies to Inspire Africa" ​​from the London Stock Exchange Group in 2019 report.

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30 Below 30 Ariane Fisher in the picture (on the right) with the Shortlist team in Kenya.Restricted list

Finding the right and highly skilled talents is particularly difficult in emerging markets. Since its foundation in 2016, the Human Resources startup Shortlist has analyzed over 400,000 candidates for more than 300 clients including Uber Eats, Shell and Twiga Foods. With offices based in Nairobi, Mumbai and Hyderabad and services throughout Kenya and India The growing team of 65 plans to continue expanding in East Africa in 2019.

Today, the company announced that it closed a $ 2 million increase in the A Series, bringing its total funding to $ 3 million. The round was led by Blue Haven Ventures, which joined Zephyr Acorn, Compass Venture Capital and Rafiki. Ariane Fisher, Shortlist's 30th administrative director and less than 30, explains what's next for the HR technology business. "With our funding, we aim to expand our reach and relationship with the best job seekers and improve the way we combine job applicants with fantastic career opportunities as well as continue our geographic expansion across Africa."

Sub-Saharan Africa's workforce is expected to hit more than 800 million people by 2030, creating an opportunity to innovate as businesses in the region are recruiting their employees. Fisher notes how this increase in the A-series will help the double-listing candidates for efforts to ease the way employers are expanding their teams.

"We are excited to continue exploring different applications of our products across the African continent where we see so much need for new and better ways to understand the skills, attitudes and motivations of job seekers and new and better ways for employers to make hiring decisions "Says Fisher.

Comparatively, what the Shortlist is doing within recruitment is not very divergent from US-based HR systems. But what they sell is that larger companies, such as ZipRecruiter, are not a personalized "human" experience. That and the fact that digital HR is still a developing market in places like Kenya and East Africa, Shortlist is building a brand that aims to attract start-ups and large corporations into predominantly unexplored areas.

CEO Paul Breloff illustrates why the Shortlist stands out; in comparison with, say, a company that relies solely on algorithmic recruitment services. He believes that LinkedIn's keyword-collecting approach to using natural language processing (NLP) while filtering job applications is a method that loses human potential – and puts youth entering emerging markets at a disadvantage .

"There are more people entering the workforce in Africa in the next ten years than the rest of the world combined – yes, combined – and if we do not find new ways to identify hidden talent, companies will not be able to build the teams they need to succeed, and young people will find it difficult to find a stable job, let alone unlock their potential, "Breloff writes.

In the past, the Shortlist was supported by the Shell Foundation, AHL Venture Partners and University Ventures. He was also named for the London Stock Exchange Group's "Companies to Inspire Africa" ​​report 2019.


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