Time and attendance software startup Jibble raises $1.3m

Visual from Jibble's website.

Jibble, a Malaysia-incorporated workforce management SaaS startup, has raised $1.3 million in funding, valuing the company at over $10 million (pre-money).

Saqib Qureshi, a property developer based in Canada and the brother of LaunchPad CEO Asim Qureshi, was a major participant in the round. Two family offices, one based in the UK and another in the Middle East, also participated in the funding round.

Launched in November 2017 by venture builder LaunchPad, Jibble operates a cloud-based time and attendance application for employers to manage their workforce.

The company said that through its software, employees can clock in and out using their web browser, Slack or mobile. It features a biometric attendance system through iPad; simple time tracking for web, mobile and Slack; reporting for client billing; and job costing, among others.

Since its inception, Jibble claims to have secured over 350 paying customers and said that number is growing by over 20 per cent month-on-month.

“The bigger plan is to become a workforce management solution for not just SMEs but enterprise,” said Jibble co-founder and CEO Fawad Akram.

Akram heads the Jibble team in London while the rest of the team is based in mainland Europe, Russia, and Southeast Asia. The company is incorporated in Malaysia, which is where LaunchPad is based.

In a statement, the company said it is preparing for another funding round in early- to mid-2019.

“This latest round means we can beef up the development team and have a significant sales and marketing push… We’ve clearly built a phenomenal product and so it’s time we put a lot more focus on getting out there,” said LaunchPad CEO and Jibble co-founder Asim Qureshi.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.