Malaysia’s HR software company Jibble Group raises $2.5m

Photo: Ana Bernardo/Unsplash

Malaysia’s HR tech startup Jibble Group has raised another $2.5 million, valuing the company at over $33 million, according to a statement.

Investors in the round included a UK-based family office, David Goldstein (previously iFlix’s Head of Asia) and Jibble Group CEO Asim Qureshi.

Most of the fresh funds will be spent on growing the product team and expanding its operations in the Philippines, the company said in the statement.

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

PayrollPanda claims to be Malaysia’s cloud payroll solution for SMEs, with more paying customers than all the other cloud payroll solutions in Malaysia combined.

Meanwhile, Jibble is a location-based time-tracking app with customers in over 50 countries.

“We have award-winning fast-growing low-churning products that customers love. But we’re now working on 2.0 versions of Jibble and PayrollPanda on a consolidated platform, which will take things to a new level – we are really excited, because it will be a game-changer,” said co-founder Toine Vaessen.

Last year, Jibble 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 joined the round.

The funding for Jibble comes a few weeks after another Malaysian HR platform Swingvy raised $7 million in a Series A round led by Samsung Ventures.

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.