Singapore, Malaysia, Taipei and Seoul, April 29, 2019 – Swingvy, an all-in-one HR, payroll and benefits platform for small and medium-sized businesses, today announced it has raised $7 million in a Series A funding round.
Samsung Venture Investment Corporation (“Samsung Ventures”) led the round with participation from Aviva Ventures and Bass Investment.
Existing investors Walden International and Big Basin Capital also participated in this round, which brings the total funding to $8.6 million.
The new round of funding allows Swingvy to accelerate growth and expansion into APAC region starting with Taiwan, as well as growing the team for on-going product innovation and development.
“While HR tech is a fast-growing sector in the US, it has not been highlighted in the APAC region especially for small companies. They often struggled with manual HR processes or using complex and expensive software,” said Jin Choeh, co-founder and CEO of Swingvy.
“Our vision is to be an OS(Operating System) of companies.
We’re reimagining the idea of HR platform from scratch, and will build a new type of organization management platform to create a workplace where work empowers people.
We’ll face a paradigm shift in the way people work, and the platform should evolve before the shift arrives. We are thrilled to welcome long-term investors who support our goal and direction.”
Launched in late 2016, Swingvy has acquired over 5,000 companies and has grown 390% year-over-year in revenue last year.
Swingvy plans to drive significant additions to its all-in-one HR, payroll and benefits platform including new major features as well as to roll out its payroll to partner dashboard for accountants and payroll agents this year.
In 2018, Swingvy launched Employee Benefits, which offers and recommends a group insurance plan for companies through an instant quotation and by automating the entire manual process into a seamless enrolment journey.
Swingvy is a modern HR platform that aims to revolutionize and transform HR practices for small and mid-sized businesses.
Built to champion people in their work, Swingvy seamlessly connects all HR information – HR, Payroll and Benefits – and automates every administrative task without hassle.
Swingvy serves over 5,000 companies and has offices in Kuala Lumpur, Singapore, Taipei and Seoul.
Swingvy was founded by Jin Choeh, Tho Kit Hoong, Hyojun Lee and Jahun Koo in late 2016 with a mission to create a workplace where work empowers people.
For more information about Swingvy, please visit: https://www.swingvy.com
Brand Manager, Swingvy