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Oyster secures $20M as Funding for its HR Solution

oyster hr 20m series 24mlundentechcrunch

Nowadays, remote working is the buzzword among businesses. During the pandemic, businesses worldwide realized the significance of remote working. It was remote working that ensured companies achieved their targets properly. With the evolution of remote working, organizations felt the need to manage these distributed workforces.

In most cases, organizations recruit people from across the world. In other words, they have to deal with a diverse workforce. That’s why companies are using human resources technology to manage their diverse remote teams effectively. With the rise of HR technology to manage diverse workforces, we witnessed the introduction of many HR platforms.

But one company that has been able to stay relevant amidst all the turmoil is Oyster. Recently Oyster announced $20 Million in its series A round of funding to optimize its business operations. Oyster is a startup and HR platform for distributed workforces. It assists modern-day organizations with the process of hiring, onboarding, and then offering contractors skilled and talented full-time workers.

One of the key highlights of Oyster is that it offers numerous services like payroll, benefits and salary management, etc. Despite being a startup, Oyster is already present in more than 100 nations. Moreover, the CEO of Oyster, Tony Jamous, is already setting higher targets. He recently said in an interview that Oyster would expand to more countries in the future.

Furthermore, he made it clear that Oyster will offer new services to ensure that it can manage distributed workforces efficiently. It will leverage the opportunities in emerging markets to recruit more people. At present, Oyster doesn’t source candidates. It also doesn’t interview and evaluate potential employees of your company.

Experts opine that these may be the areas where Oyster will bring in new features. In the future, Oyster aims to become a one-stop platform for HR services. The CEO of Oyster also said that the company’s main aim is to focus on emerging economies. In emerging economies, it is typically difficult for HR managers to work manually. Oyster aims to automate a majority of its strenuous tasks. In Oyster’s funding, Emergence Capital is leading the race.

In case you don’t know, it was Emergence Capital that raised funds for Zoom, Salesforce, etc. The Slack Fund and a London-based agency are also participating in raising funds for Oyster. With the help of these companies, Oyster can experience rapid growth. It will support its mission of enabling people to work from the comfort of their homes.

Tags: oyster hr 20m 24mlundentechcrunch, oyster hr 20m series 24mlundentechcrunch

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Written by hwtricks

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