Recruiter.com Partners with Fundomate, Brings Automated Capital Funding to its Community
Recruiter.com Group announced a new partnership with Fundomate to offer automated business funding solutions to its network of over 27,500 small and independent recruiters. This collaboration will provide access to affordable, pre-approved working capital based on business history, aiding small firms in managing expenses. The partnership addresses the challenges faced by recruiters in accessing capital, particularly due to limitations of the Payroll Protection Program. Recruiter.com enhances its marketplace with services like low-cost healthcare and marketing tools.
- Partnership with Fundomate provides access to affordable working capital for over 27,500 recruiters.
- Services offered include low-cost healthcare and advanced marketing tools, enhancing recruiter support.
- Utilization of Fundomate's technology streamlines funding access for small businesses.
- None.
Provides Network of Recruiting Businesses Access to Working Capital
HOUSTON, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Recruiter.com Group, Inc. (OTCQB: RCRT), an AI-enabled hiring platform with the world's largest network of recruiters, is today announcing its newest marketplace partnership with Fundomate, a leading provider for turnkey business funding solutions, to bring automated business funding to its US-based partner companies.
"Accessing capital, especially for small and independent recruiters and staffing firms, has never been easy and given their structure, the new Payroll Protection Program is not able to assist their cashflow needs," said Evan Sohn, CEO, Recruiter.com. "Fundomate is the ideal capital partner for Recruiter.com's community of over 800,000 recruiting and HR professionals."
The Recruiter.com Marketplace will provide its community of independent recruiters and partner companies with value-add services, such as low-cost healthcare for independent business owners, tech-forward marketing tools, background check services, coworking space, and more.
By utilizing Fundomate's technology and expertise in the alternative lending space, Recruiter.com will provide its recruiting business community of over 27,500 small and independent recruiters with pre-approved, affordable working capital offers based on their business history.
Fundomate is an innovative fintech company that operates in the alternative lending space and provides white-labeled turnkey solutions enabling companies to offer alternative funding products to their customers as a value-added proposition.
"Small businesses need a lifeline to cover expenses such as inventory, operating expenses, or marketing costs. Through the Recruiter.com marketplace partnership, recruiting and staffing firms will have an easy way of accessing affordable working capital and repay at their own pace with a percentage of their daily sales," says Sam Schapiro, CEO, and Founder of Fundomate.
Recruiter.com Group, Inc.
Recruiter.com is an online hiring platform delivering on-demand recruiting technology and services to both large and small businesses. With AI and video technology, and the world's largest network of recruiters, Recruiter.com delivers on-tap recruiting that flexes with hiring needs. To learn more, visit https://www.recruiter.com.
For investor information, visit https://www.recruiter.com/investors.html.
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LinkedIn Company Page: https://www.linkedin.com/company/1240434
Twitter Company Page: https://twitter.com/recruiterdotcom
Facebook Company Page: https://www.facebook.com/RecruiterDotCom
Company Contact:
Sarah Schultz
Director of Communications
Recruiter.com Group, Inc.
Phone: (855) 931-1500
sschultz@recruiter.com
Investor Relations:
Dave Gentry
RedChip Companies, Inc.
Phone: (407) 491-4498
dave@redchip.com
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecasts," "forecasting," "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include continued demand for professional hiring, the accuracy of the Recruiter Index® survey, the impact of the COVID-19 pandemic on the job market and the economy as virus levels are again rising in many states, and the Risk Factors contained within our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2019. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statements publicly, whether as a result of new information, future developments, or otherwise, except as may be required by law.
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