Glints, one of Southeast Asia’s largest talent development and recruitment platforms, today announced that it has raised USD 50 million. This brings Gillint’s total raised to date to $80 million.
As part of the investment, Xiaoyin Zhang, founding partner of Lavender Hill Capital, and Ramon Zheng, general partner of DCM Ventures, will join Glint’s board.
Glint Group
Gintz’s platform currently has three million professionals across five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan) and 50,000 employees across companies, including AIA, IKEA, GetGo, KKday and Gameloft.
The new capital will be used to expand Gillint’s talent supply base in the Philippines and its employer interests globally and to hire for its product and technology teams.
Founder and CEO Oswald Yeo told TechCrunch that the company is focused on the Philippines because of its “large and fast-growing global workforce. Additionally, we are seeing that local employers are interested in hiring both technology talent locally and also looking to hire remotely.
In the year Founded in 2013, the Singapore-based startup has grown its annual revenue and gross profit by 2.5x year-over-year and continues to grow its annual revenue by triple-digit percentages.
One driver of growth is increasing demand for remote workers. Glint sees remote cross-border job postings grow more than 3x year-over-year and positive contribution margins across all business units, with Indonesia and Vietnam continuing to be profitable. This continues a trend that preceded the pandemic: over the past two years, Gents’ remote cross-border job postings have grown more than 11x.
