Jobandtalent Receives USD 250M Debt Facility

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

Citi, Goldman Sachs and AnaCap Financial Partners provided financing.

The company plans to use the funds to improve its foundation for financial products available to workers, including daily payments and early access to wages (applicable in most jurisdictions) in coming months. It also intends to expand into new markets.

Jobandtalent was co-founded by Felipe Navio, Juan Urdailes and is a temporary employment platform that connects people to work. The company employed over 200,000 people in new positions in more than 2000 companies across Europe, Latin America, America and the USA by 2021.

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.

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