Jordan’s Kader, gig economy and online job matcher, raises $400k in its latest funding round. The funding round was led by The Innovative Startups and SMEs Fund (ISSF) and Village Capital.
Founded in 2020, Kader is an on-demand mobile app that connects pre-vetted quality gig-workers with businesses in the hospitality, retail, and service sectors, using an advanced matchmaking technology based on location, experience, and qualifications. Kader has a team of 1000 staff and over 300 clients.
Kader capitalizes on an instant-access market of freelancers and gig workers which have been prevalent with the rise of job matching platforms, accessible technology, and remote work.
“ISSF’s investment in Kader facilitates easier matching making between defined business needs and documented worker skills and competencies. Kader helps businesses identify and employ staff with the required skill sets to meet their immediate needs without having to provide expensive long-term employment. This enables businesses to become more competitive and cost-efficient as well as provide workers with numerous opportunities to build their repertoire of skills and experience. ISSF eagerly looks forward to seeing how our investment will contribute to the company’s development during the upcoming period,” Laith Al Qasem, ISSF’s CEO, said.
“The gig economy was already exceptionally growing prior to the pandemic; however, the pandemic has truly revamped the industry and increased the demand and dependency on hourly work for both businesses and individuals. Businesses that previously thought hiring full-time workers was the only way they could conduct business had to suddenly pivot and become more open-minded and innovative about how they would interact with customers and employees. These changes are likely to be witnessed in the future, and Kader is proud to be part of this change. We appreciate ISSF’s recognition of Kader’s impact and support in this journey. This support helps us to further our mission, develop and grow,” Ra’d Al-Hassan, Kader’s CEO, stated.
The startup will use the fund to support and develop its tech stack as well as expand its market reach.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.