Fastwork, an online freelancing platform with operations in Thailand and Indonesia, announced today it has secured US$4.8 million in Series A financing round led by regional venture capital firm Gobi Partners.
“SMEs are growing at an unprecedented pace in the region’s emerging markets, and as a result there’s a lack of skilled talent to support their growth. Thus, freelancing platforms, like Fastwork, are heavily sought after for their ability to bridge between SMEs and freelancers/outsourcing agencies,” Gobi’s Venture Partner, Arya Masagung, said.
Fastwork was started in 2015 by a group of engineers and entrepreneurs from Silicon Valley and New York with a mission to help businesses and employers in Southeast Asia to find and hire freelancers. The startup said in a press note that more than 300,000 businesses across the region use its platform for nearly 22,000 services ranging from graphic design, online & influencer marketing, data entry, to web & app development.
As for freelancers, the platform enables to collect payments, promote their services, manage their orders, exchange files and communicate with their clients anywhere, anytime.