">
TechMoran
  • About Us
  • Jobs
  • Motoring
  • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
Saturday, March 6, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds
No Result
View All Result
TechMoran
">
Home Business

Kenyan job site Fuzu.com raises $1.9 million to expand across Africa & Asia

Milcah Lukhanyu by Milcah Lukhanyu
4 years ago
in Business, Startups, Tech
5 min read
0

Related posts

Zipline, UPS partner with government of Ghana to deliver first COVID-19 vaccines

March 5, 2021
0

Facebook to expand transparency on Political Ads in more countries including Kenya and Ethiopia

March 5, 2021
0

Safaricom’s ‘Browse Bila Waas’ Campaign to See Customers Enjoy 500 MB Daily Bonus Data

March 5, 2021
0
space-hotel-4

California Startup Has Announced Plans To Begin The World’s First Space Hotel

March 5, 2021
0

Fuzu, a Finnish-Kenyan recruitment startup has raised 1.75 million EUR ($1.9 m) led by Finnfund, Barona and Polkuni to fuel its expansion in Africa and Asia.

The total funding raised is 1.75 million EUR. Finnfund’s contribution in the first phase will be 500,000 EUR with possibility for extending it to 1.5 million EUR. Barona will invest 150.000 EUR and Polkuni 100.000 EUR during this round.

According to CEO of Fuzu Limited Jussi Hinkkanen,”We are truly excited about the confidence and courage demonstrated by Finnfund, Barona and Polkuni in investing in transformation of the job markets, thus improving the opportunities of millions of people in finding their place in the world.”

Fuzu, which has developed an intelligent career development, learning and recruitment platform for emerging markets aims to provide innovative solutions to challenges faced by millions of job seekers and employers across the emerging markets.

For employers the platform offers advanced search and recruitment solutions with competence evaluation and algorithm based ranking to identify the best fitting candidates. For job seekers the platform provides career counselling, learning solutions and information about open positions and industry updates, providing support and guidance at different stages of user’s career.

READ  Applications Open For Google Launchpad Accelerator

With over 180,000 users in Kenya and hundreds of companies that use the platform for finding talent, Fuzu’s main competition include Ringier One Africa Media’s BrighterMonday and Jobebrman, Duma Works, Rocket Internet’s Everjobs and offline recruitment agencies. The potential for growth is significant as there will be more than 120 million people entering the job market between 2010 and 2020 alone, making Africa the largest job market globally by 2040.

”If there is significant friction between supply and demand in the job markets, large amount of jobs fail to materialize and people are left unemployed. Fuzu eases this friction in places where poorly functioning job markets are a hindrance to development. For example in Kenya youth unemployment is a significant challenge. Fuzu provides job seekers with a possibility to demonstrate their skills and competencies and to find work that suits them,” says Finnfund CEO Jaakko Kangasniemi.

Fuzu will also gain from Barona’s extensive experience from job markets and development of work related technology solutions to improve the efficiency of job markets in Africa.

CEO of Barona Technologies Tuomas Mikkonen and Pasi Joronen from Polkuni Oy says youth need to have equal opportunities for educating themselves and for realizing their professional dreams and aspirations. The radical transformation of the job markets through using agile and mobile-first players like Fuzu will be at the forefront of solving global challenges.

 

Readers 4,647

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: BrighterMondayclassifiedsFuzujob adsNigeriaSTARTUPstartups
Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Startups

Zipline, UPS partner with government of Ghana to deliver first COVID-19 vaccines

March 5, 2021
0
Tech

Facebook to expand transparency on Political Ads in more countries including Kenya and Ethiopia

March 5, 2021
0
Tech

Safaricom’s ‘Browse Bila Waas’ Campaign to See Customers Enjoy 500 MB Daily Bonus Data

March 5, 2021
0
space-hotel-4
Tech

California Startup Has Announced Plans To Begin The World’s First Space Hotel

March 5, 2021
0
weWalk
Tech

Blind Inventor Creates Cane That Uses Smart Technology To Help Visually-Impaired People

March 5, 2021
0
Tech

How is the Blockchain and Fashion industry a perfect fit?

March 5, 2021
0
Mandatory Credit: Photo by Evan Vucci/AP/Shutterstock (10434333bm)
Donald Trump, Sauli Niinisto. President Donald Trump speaks during a meeting with Finnish President Sauli Niinisto in the Oval Office of the White House, in Washington
Trump, Washington, USA - 02 Oct 2019
social media

Trump YouTube Suspension Will Lift After ‘Risk of Violence’ Drops, Says CEO

March 5, 2021
0
five women laughing
Business

Beauty Pressures For Women In Business

March 4, 2021
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

3 Top Ways to Secure Your Windows Computer

March 6, 2021

Zipline, UPS partner with government of Ghana to deliver first COVID-19 vaccines

March 5, 2021

Facebook to expand transparency on Political Ads in more countries including Kenya and Ethiopia

March 5, 2021

Twitter Is Testing An Edit Button For Those Who Like Correcting Grammatical Errors

March 5, 2021

ATU & Ericsson in Talks for 5G Mobile Services & Adoption Across Africa 

March 5, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: