WorkGenius pulls in $7m as it positions itself to reach profitability

WorkGenius, an AI powered platform helping companies to manage and pay freelancers, has scored $7m in a round which will take the startup to profitability in 2021, it claims.

The round was backed by angel investors including Axel Sven Springer, the grandson of publishing company founder Axel Springer and John Jahr, the grandson of publishing company founder Gruner + Jahr. Oliver Heine, a member on Axel Springer’s advisory board, also contributed to the round.

US-based WorkGenius leverages AI technology to help companies find, manage and pay freelance workers within 28 minutes, it claims.

A client simply engages with the WorkGenius project management consultants explaining needs, tasks involved, and delivery milestones. WorkGenius will then build a posting for the role and the AI will automatically match qualified professionals to the ad within 28 minutes.

The FinTech recently expanded its platform so businesses can manage their existing freelance relationships through the platform.

WorkGenius CEO and co-founder Daniel Barke said, “With a robust product, serving thousands of satisfied clients and a strong management team we have aggressive growth plans while aiming for a break even in 2021.”

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