Shiftsmart
Financials
Estimates*
USD | 2019 | 2020 |
---|---|---|
Revenues | 8.5m | 17.3m |
% growth | - | 104 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$6.0m | Early VC | ||
N/A | $16.5m | Series A | |
* | $95.0m | Series B | |
Total Funding | $117m |
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Recent News about Shiftsmart
EditShiftsmart is a dynamic startup that operates in the gig economy, providing a platform that connects workers with flexible job opportunities. The company primarily serves large brands, government agencies, and nonprofit organizations. Shiftsmart's platform allows businesses to efficiently manage their workforce by offering shifts that workers can pick up based on their availability. This model is particularly beneficial for industries that require a flexible and scalable workforce, such as retail, hospitality, and customer service.
The company operates in the broader labor market, focusing on temporary and part-time employment. Shiftsmart's business model revolves around its digital platform, which acts as a marketplace for shifts. Workers sign up on the platform, browse available shifts, and choose the ones that fit their schedules. Businesses post their shift requirements and get matched with suitable workers. This model not only provides flexibility for workers but also helps businesses manage labor costs and staffing needs more effectively.
Shiftsmart generates revenue by charging businesses a fee for using its platform. This fee can be a subscription-based model or a per-shift fee, depending on the client's needs. Additionally, the company may offer premium services such as workforce management tools, compliance audits, and employee engagement surveys, which provide additional revenue streams.
The company has also made significant social contributions through its "Get Shift Done" initiative, which has provided over 500,000 hours of work to more than 110 nonprofits. This program helps stabilize wages and supports food-insecure families by providing critical volunteer services.
In summary, Shiftsmart is revolutionizing the gig economy by offering a flexible, efficient, and scalable workforce solution for businesses while providing workers with more control over their schedules.
Keywords: gig economy, flexible jobs, workforce management, digital platform, labor market, temporary employment, scalable workforce, nonprofit support, employee engagement, compliance audits.