Germany-based marketplace for tech talent MVP Match will be building new hubs in Africa to tap into the talent existing in the continent after securing €5 million in seed funding from Stage 2 Capital. The new funding will also use this funding to boost its strategy aimed at pairing talents with companies across the world.
MVP Match will also be growing its team and relaunching its proprietary platform to help tech talents find jobs easier and stress-free.
The marketplace’s plan to increase its reach comes on the heels of a new hub it launched in Egypt which it wants to use to tap talents in the continent. More of these hubs are expected to surface in Africa following the latest funding. The startup has other existing hubs in Lisbon and Tbilisi. The aim of these hubs is to create more networks in their existing regions and to help clients to hire local talents without the need to establish operations in these regions. MVP Match was founded in 2020 by Levin Wense and Philipp Petrescu and acts as an Employer of Record. This enables it to manage the whole recruiting process including the establishment of local office spaces and talent onboarding. This way recruiters can build their teams in other regions without having to set up operations in other regions and worry about the irksome recruitment possess and paperwork.
On its entry into Africa, MVP Match’s CEO Levin Wense explained that “We see entering Egypt as the first step in our exciting journey to bring the entire continent into the global talent pool. By setting up a local presence and working closely with the local talent, we will be able to really open up this market to our clients. And, with interesting projects from the world’s leading product companies comes knowledge transfer that the local senior talent seeks, just as much as fair working rates.”
“With available locations such as Egypt, for example, our clients and other global companies can scale their products and engineering teams in nearshore, best value-for-money regions. We can provide them with complete legal infrastructure to permanently employ local talent without physical local presence,” he added.
Explaining how beneficial this would be for fast-growing companies, he said that “For fast-growing companies that operate on crowded markets, being able to launch a nearshore hub with a fully equipped office space within weeks and in a process build a more diverse and inclusive team can be a difference between delivering or not on their product roadmaps and strategic goals.”
MVP Match emphasizes that it vets talents before recommending them to companies. The company uses its product and technology executives, experienced domain experts, etc., to vet talents. The process includes tech-related challenges and personality interviews to offer its clients the best talent. MVP Match’s clientele includes Voya Financial and PwC.
“Engineering, product, and design roles are critical, yet hard-to-fill positions. They’re in high demand by both growing technology companies, as well as non-tech companies undergoing rapid digital transformation. With a dedicated focus on providing an exceptional experience both for customers and remote talent alike, MVP Match is rapidly connecting proven and experienced professionals, wherever they may be located, with exciting and high-impact projects,” Stage 2 Capital partner Anubhav Maheshwari said commenting on the funding.