FastCo has secured S$10.5 million in Series A funding to enhance its recruitment platforms and expand into the Malaysian market, focusing on the underserved B40 sector.

Information on the Target

FastCo, headquartered in Singapore, has announced the successful completion of its Series A funding round, raising S$10.5 million (approximately $7.48 million). The firm is renowned for its innovative recruitment platforms, FastJobs, which is Southeast Asia's leading non-executive job portal, and FastGig, Singapore's first application dedicated to flexi-work recruitment.

Founded by CEO Julian Tan, FastCo aims to improve the employment landscape for underserved job seekers and deliver an efficient and data-driven experience for employers. The company has demonstrated substantial growth since the completion of its management buy-out from Singapore Press Holdings, steadily expanding its user base and enhancing its service offerings.

Industry Overview in the Target's Country

The recruitment industry in Singapore is increasingly adapting to meet the changing needs of both employers and job seekers, particularly in the wake of the COVID-19 pandemic. A