South African HR software startup, Wamly has reportedly bagged second investment round from the native venture capital firm, Knife Capital.
As a part of the deal, Davey Gant, UK-based partner of Knife Capital, will become a part of the Wamly Board of Directors.
Wamly has a strong foothold in the field of video interviewing software, enabling interviewers to provide candidates with a link, wherein they can attempt for a video interview consisting of pre-set questionnaire within the given time limit.
After the video interview is submitted, the hiring team can watch and evaluate the interview and the candidate at their convenience.
With the latest investment round, Wamly aims to ramp up marketing initiatives, expand their teams and amplify product development, in line with their objective to emerge as the leading software application that serves local recruiters.
Moreover, Wamly also aims to initiate plans focusing on international expansion all over Africa and further beyond.
Reportedly, the number of start-ups in the digital sector have grown significantly in recent years and continues to follow the same trend, capable of driving job opportunities in future.
Speaking on the experience of using de Wet’s video interview software, South African Shark Tank investor and entrepreneur, Marnus Broodryk mentioned the time saving benefits of the application observed in his own accounting firm.
According to Broodryk, HR software applications have the potential to aid thousands of companies worldwide in experiencing the same ROI (Return on Investment) in their businesses.
Broodryk further added that unemployment is one of the biggest challenges faced by South Africa, and the existing outdated and lengthy hiring models do not justify for stalling job opportunities.
Broodryk sided with Wamly in 2020 by joining de Wet and thus marking a very revolutionary move against the traditionally rooted methods of recruitment and leveraging the technology as a tool to ensure recruitment of rich talent faster.