Kazakh HRtech startup Clockster secures $750k
Clockster, a developer of a cloud-based HR automation system, has secured $750,000 from the Singapore-based Quest Ventures fund, Russian HR&ED Tech Accelerator and serial angel investor Talgat Ismail, Kapital reports.
Clockster offers a tool for staff management designed for small and medium-sized businesses. It allows companies to automate such routine HR processes, as payroll, attendance record cards, and to manage employees work schedules, taking into account all sick leaves and time off, and also to get reports and attendance analytics of its staff.
Clockster offers its services on a subscription-based model with a free 7-days trial. A pricing plan for each company depends on the number of employees and started at $5 per month. Since the startup has launched its system in 2017, it has acquired more than 160 clients from Kazakhstan, Russia, Ukraine, Uzbekistan, the Philippines and Singapore.
This is the second funding round for Clockster. Previous seed investments in the amount of $340,000 were raised by the startup in September 2018. That time investors included the Kazakh venture fund ABC-I2BF and business angel Olzhas Zhienkulov, the co-founder and CEO of the Singapore-based Paladigm Capital fund.
As the founder and CEO of Clockster Yerzhan Ryskaliev pointed out, the new investments will be spent for the scaling up its product in Southeast Asia and CIS counties, as well as marketing operations.