Mobile staffing platform Wonolo raises $32M in Series C led by Bain Capital
Wonolo Inc., a San Francisco-based temporary staffing platform that pays workers through an app, said it raised $32 million in Series C financing led by Bain Capital Ventures, bringing the total funds raised by the firm to $60 million. The round also included investments from first-time investor Dag Ventures as well as existing funders, including Sequoia Capital, Base10, AMN Healthcare and Cendana.
The firm uses a mobile app to help companies fill on demand hourly jobs with unemployed or underemployed workers looking to find a position. The Wonolo platform connects the company and the worker through the platform and the entire onboarding process can be completed in minutes, according to a company spokesperson.
The company posts the scope of the job and the exact hours and how much the worker will earn, according to the spokesperson. Wonolo charges a fee to the employer, so for example if a job is paying $100 for a certain amount of work, an employer would see a charge for example of $145, with the excess amount going to Wonolo. Workers are paid quickly through the app in days, rather than waiting for the following pay period, the spokesperson said.
In April, the company raised $13 million in a Series B round led by Sequoia Capital.