Jobandtalent Receives USD 250M Debt Facility

Jobandtalent founders Felipe Navio (left) and Juan Urdailes (right)

Jobandtalent, a Madrid, Spain-based provider of a temporary job platform, received a USD250M debt facility.

The financing was provided by Citi, Goldman Sachs and AnaCap Financial Partners.

The company intend sto use the funds to enhance its foundation for financial products offered to workers, including to enable daily payments and free early access to wages (applicable to most jurisdictions) in the coming months, as well as to expand to new markets.

Co-founded in 2009 by Felipe Navio and Juan Urdailes, Jobandtalent is a temporary job platform that connects people with work. In 2021, the company placed over 200,000 people on new jobs in over 2,000 companies in 9 countries across Europe, Latin America and the USA.

Today’s financing follows a quarter in which Jobandtalent closed a $500m Series E funding round led by Kinnevik and follow-on from existing investors in December 2021, which valued the company at $2.4 billion post-money.