The second model is an annual subscription offering for companies that recruit lots of developers at once, paying upfront for OfferZen services. So, for instance, if a company hires a developer for $100,000, it pays OfferZen $12,500 as commission. The first is a pay-per-placement model with a one-off 12.5% fee of the developer’s first salary. Instead, the South African tech talent company makes money only off companies via two models. OfferZen doesn’t employ income-sharing agreements, a revenue model adopted by tech talent companies such as Bloom Institute of Technology (formerly Lambda School), or hourly rate charges, like Andela and Toptal. “Access to top tech talent has become the bottleneck for many companies and we’re in a position to help companies solve that.
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Since then, however, we’ve seen a huge acceleration in the market - companies are now raising far more capital than they were pre-pandemic, investing more in technology and subsequently hiring much faster,” the CEO said in a statement. “Tech hiring came to a near standstill in the first half of 2020 due to COVID. The expansion to the Netherlands and servicing parts of Europe contributed heavily to OfferZen’s growth in the second half of this year, experiencing a 29% increase in placements between Q3 and Q4 alone. and Germany, which are prominent hubs for global talent. Most of its customers from both ends of the marketplace are based in South Africa, the Netherlands, and parts of Europe like the U.K.
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OfferZen operated solely in South Africa for four and a half years until April 2020, when it expanded to the Netherlands after acquiring an Amsterdam-based recruitment tech startup called Tr圜atch.Īccording to OfferZen CEO Philip Joubert, over 1,000 companies and 100,000 software developers use the tech talent marketplace.