Has been and always will be difficult. Finding top talent and getting them into the right seats, at the perfect time, is often an art and not a science. Anything that can increase your likelihood of getting optimal talent into your business should be welcomed with open arms.
Urbanhire understands how important the pipeline of quality employees is for businesses of all sizes. Their recruiting and assessment platform has been built by recruiters, for recruiters and makes it easy to post job listings across portals, filter and track candidates, and fill all positions as fast as possible.
Urbanhire is a pure-play SaaS business that charges its customers on an annual subscription basis. Pricing begins at around $100 per month and scales up based on features and number of active job listings. On average, customers pay them roughly $410 per month.
With 168 total paying customers today, Urbanhire is currently doing $69k in MRR, according to CIO Nathan Kamstra. The business has more than doubled year over year and is up from $300k in ARR twelve months ago.
What is Urbanhire’s churn?
Churn has been an issue for Urbanhire thus far with companies having natural fluctuations in demand for hiring. At this point in time, the business is exhibiting 20% gross logo churn annually.
Going forward, Kamstra and the entire Urbanhire team is focused on building out a full-service platform and believes this will inevitably drive additional stickiness. They are in the process of building out additional features and exploring the idea of pivoting to become a brokering platform for health care benefits in Indonesia.
How much has Urbanhire raised?
Founded in 2016, Urbanhire has grown to scale with $1.2M in total outside funding to date. Their long-term strategy is around deploying this capital to serve the Indonesian insurance and health care market through their brokerage platform and are currently in the process of pivoting.
Urbanhire’s team of 40 full-time employees is based in Indonesia.