HR tech startup, Swingvy expands to Taiwan

HR tech startup, Swingvy has announced its expansion plans to Taiwan as well as a newly launched payroll product for the market.

The expansion comes after the startup’s $7 million Series A funding last year, led by Samsung Venture Investment Corporation  (Samsung Ventures).

Swingvy, chief executive officer, Jin Choeh

Chief executive officer and co-founder, Jin Choeh said, “We are excited to officially launch Swingvy in Taiwan, and help even more SMEs solve their HR problems with our solution. Taiwan has great market potential for us, with more than 1.4 million SMEs employing about 80% of the workforce, and 100,000 new SMEs emerging yearly — we want to capitalise on this and become the market leader in Taiwan.”

According to Swingvy, the new payroll product is also completely compliant with the island nation’s Labour Laws since payroll taxes, deductions and claims are automatically calculated via seamless integration with Swingvy’s existing HR Hub.

“This means employers can run payroll and issue payslips instantly and accurately to their employees, calculated according to employee details found on HR Hub, minimising manual pay miscalculation errors,” he said.

The startup has also announced plans to rapidly increase headcount by actively hiring employees throughout the year, and across all three markets – Singapore, Malaysia and Taiwan – the HR tech startup also aims to double overall headcount in the coming months with a focus on R&D, sales and marketing.

Swingvy has experienced a 300 percent year-on-year growth for the past two years, with its projected growth rate for 2020 expected to remain steady.

With over 8,000 clients in its portfolio, the startup has recorded a 20 percent increase from 6,500 clients 5 months ago. It aims to increase its customer base to 10,000 clients by the end of 2020.

Amid the Covid-19 pandemic, Swingvy has also launched a 6-month Free Access Initiative to support SMEs in their switch to telecommuting.

The tech startup is further looking to expand to new markets across the APAC region in 2021.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

WORQ successfully raises RM10 million for next 5 years of growth

WORQ has successfully raised RM10 million in funds for the five years of growth ahead. Since it last raised funds in 2018,...

Fortesys moving forward strongly with Ruckus and Sophos

Fortesys Distribution Sdn Bhd yesterday held an online seminar (Webinar) recently, featuring presentations from Kuan Yong Chee, Senior Sales Engineer of CommScope...

Commerce.Asia: The ‘new norm’ is ‘shot-in-the-arm’ for local e-commerce industry

Since the Movement Control Order (MCO) was implemented six months ago, e-commerce has revolutionised consumer buying patterns with many households now turning...

Putrajaya announces new special assistance initiative package, Kita Prihatin

In a live televised press conference, Prime Minister Tan Sri Muhyiddin Yassin has announced that Putrajaya will implement a new assistance package,...

Suntrack Development unveils latest project, Tuai Residence

Property developer, Suntrack Development Sdn Bhd has unveiled its latest project Tuai Residence @ Setia Alam today. The 330-unit condominium project with...

Must read

Embed a proper digital literacy lesson in the school curriculum

By Afifah Suhaimi Amidst the drastic growth of internet users this year – with almost one million additions compared...

How to hire talent in a post Covid-19 world

According to the Global Startup Ecosystem Report from Start-up Genome, 72 percent of startups saw an average of 32 percent fall in...

Changing the way businesses operate with smart manufacturing

BusinessToday speaks to Srirangam Srirangarajan, Altair’s Managing Director for Southeast Asia, Australia and New Zealand on the importance of smart manufacturing and...

4 post-Covid predictions that will matter for years to come

By Sandeep Bhargava, Managing Director of Asia Pacific Japan (APJ), Rackspace Technology, Undoubtedly, the world of business has...