SAN FRANCISCO–(BUSINESS WIRE)–Workstream, the hiring and onboarding platform for deskless workforces, was named to the Embedded Fintech 50, a list launched by GGV Capital in partnership with Crunchbase, to recognize the most promising fintech companies in the eyes of startup investors.
GGV Capital convened 57 securities firms to nominate and vote for the 50 honorees. Having raised more than $12 billion, the Embedded Fintech 50 demonstrates the enthusiasm of venture capital investors in the growth and innovation of this sector. To celebrate, the honorees will ring the closing bell on the Nasdaq MarketSite today.
“Being named to the Embedded Fintech 50 is a true honor and testament to the hard work and dedication of our team. We are grateful to GGV Capital and Crunchbase for recognizing our potential and look forward to continuing to empower the global desktopless economy through technology – from workers to business owners,” said Desmond Lim, CEO and co-founder, Workstream.
Workstream’s end-to-end platform, which automates many of the recruiting processes that can slow down hiring, helps businesses with large deskless workforces fill vacancies quickly. It also digitizes the onboarding process, allowing employers to collect a new hire’s offer letter, W-4, I-9 and more via a text message. More than 24,000 businesses trust Workstream to build a stronger deskless workforce so they can focus on what matters most: their team and customers.
“Embedded fintech is a bright spot in today’s market, and it is exciting to see how companies are democratizing access to financial services through technology, says Hans Tung, managing partner at GGV Capital. “We are excited about the continued evolution of the embedded fintech landscape and further creative innovations to come. Congratulations on the Embedded Fintech 50 Awards!”
About Workstream
Workstream is a hiring and onboarding platform designed exclusively for hiring and managing the deskless workforce. Powered by automation and two-way text messaging, Workstream enables companies to source, screen and hire deskless workers faster. And once hired, Workstream provides employers with the digital tools and data to better manage and retain their teams. More than 24,000 businesses trust Workstream to build a stronger deskless workforce so they can focus on what matters most: their team and customers.
About Embedded Fintech 50
The Embedded Fintech 50 includes the most promising embedded fintech startups nominated and voted on by investment firms. GGV Capital launched the list in partnership with Crunchbase and convened 57 investment firms to develop the first list. This year, 175 companies were nominated, and 50 were selected through a voting process that required the nomination of portfolio and non-portfolio companies. Nomination criteria included companies with a primary product focus on fintech, the US as a primary market and the Series A stage. Embedded fintech is defined as financial service platforms or financial service providers that are integrated into commercial or financial service platforms. For more information on participating investors and listing methodology, visit:
About GGV Capital
GGV Capital is a global venture capital firm that partners with entrepreneurs to build category-leading companies worldwide. Focused on multi-stage, sector-focused investments, GGV manages $9.2 billion in investments across the US, China, Southeast Asia, Israel, Latin America and India. Founded in 2000 with roots in Singapore and Silicon Valley, GGV has supported more than 500 companies, including Affirm, Airbnb, Alibaba, BigCommerce, Boss Zhipin, Bowery Farming, Grab, Full Truck Alliance, HashiCorp, Hello, Keep, Kujiale, NIU, Opendoor Technologies, Peloton, Poshmark, Slack, Square, StockX, Udaan, Wish, XPeng, Zendesk and more. More information can be found at www.ggvc.com and @ggvcapital.
