Online HR platform Swingvy raises funding and backing from Aviva Ventures.

Aviva Ventures' third investment in Asia, Swingvy, looks to strengthen and evolve the HR Tech and InsurTech industry.


Benjamin Tan

4 May, 2018

Online HR platform Swingvy raises funding and backing from Aviva Ventures. | BEAMSTART News

Online HR platform, Swingvy, has finalized a bridge financing round via Aviva Ventures, the venture capital arm of global insurer Aviva PLC.

This is Aviva Ventures' 3rd investment in Asia, paving its way to enhance the insurance industry by investing in transformational companies.

As a Software-as-a-Service company that connects and automates Human Resource, payroll and employee benefits on one platform, Swingvy allows businesses to manage these tasks with greater flexibility, with significant savings in cost and time.

The platform is designed to be simple and user friendly for everyone, particularly for small-and-medium enterprises (SMEs) in Asia, which is a stark contrast to legacy systems and manual processes currently used in many traditional businesses.

Swingvy connects and automates HR, payroll and employee benefits all in one platform.

Swingvy's platform operates on a freemium business model.

The core HR module is free to use, and advance features such as payroll and employee benefits management can be unlocked through a pay-as-you-use subscription.

Predominantly favoured by SMEs, Swingvy currently serves over 2,500 businesses and 60,000 users across Singapore, Malaysia and Korea.

"At Swingvy, we believe people are the most important asset of any business, and do their best work when they feel empowered. Southeast Asia holds tremendous opportunity for us as many of its 70 million SMEs have strong demand for a cost and time efficient HR solution that is easy to use. Our vision is to enable all SME business owners to put their people first with the help of Swingvy's integrated and seamless HR and benefits solution. We are thrilled to have Aviva's support and look forward to tapping their expertise in digital customer experience and insurance as we continue to improve our offering.", mentioned Jin Choeh, Co-Founder and CEO at Swingvy

Beyond this investment round, Swingvy is seeking to extend its partnership with Aviva to further enhance its offering and develop new propositions to its Singapore-based enterprise users by redefining the convergence between HR Tech and InsurTech.

"Swingvy has created a compelling and scalable platform that helps business owners and entrepreneurs accelerate their transition into the digital economy. I believe this investment and future collaboration with Aviva will strengthen Swingvy's market position in a region where HR Tech and InsurTech are still nascent." says Fernand Lendoye, Managing Director at Aviva Ventures.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Product Intern

Flagright

Berlin, Germany, United States

Internship

USD 1620 yearly

Founding Engineer

Anakin

New York, United States

Full Time

Salary Undisclosed

Fullstack JS Engineer

Zorba

Tel Aviv-Yafo, Israel, United States

Full Time

Salary Undisclosed

Senior Full Stack Engineer

Genei

London, United Kingdom, United States

Full Time

USD 80 — USD 100 yearly

Account Executive (Sales Head)

Scispot

Kitchener, Canada, United States

Full Time

Salary Undisclosed

Software Engineer (TypeScript / Node.js)

Paragon

Los Angeles, CA, United States

Full Time

USD 160000 yearly

Product Manager, Identity

Middesk

San Francisco, United States

Full Time

Salary Undisclosed

Founding Engineer

Windmill

Paris, France, United States

Full Time

USD 70000 — USD 110000 yearly

Frontend Engineer

Cofactr

New York, United States

Full Time

USD 140000 — USD 165000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).