TransparentBusiness

About TransparentBusiness

TransparentBusiness operates as a holding company centered around an ecosystem of technology solutions for remote workforce management. Founded in 2012 by Alex Konanykhin and Silvina Moschini, the New York-based firm provides a cloud-based software-as-a-service (SaaS) platform designed to enhance the productivity, accountability, and transparency of distributed teams. The company's journey began with the development of its core software within KMGi Group, an online innovation company, before spinning off. A significant milestone was reached in October 2020 when the company achieved a valuation of $1 billion, becoming what it termed a "pink unicorn" to highlight the achievement of a female co-founded company.

The founders' backgrounds are integral to the company's mission. Silvina Moschini, President and Chairwoman, is a technology entrepreneur and an advocate for remote work and women's economic empowerment. Her experiences led her to create solutions that connect enterprises with on-demand talent, fostering inclusivity and flexibility. CEO Alex Konanykhin, a Russian entrepreneur who gained asylum in the U.S., rebuilt his business career by founding several firms, including TransparentBusiness, with a focus on creating transparent market solutions.

The business model is twofold, functioning as both an operating and a holding company. Its primary revenue stream comes from B2B subscriptions to its workforce management software. This platform offers tools for project management, time tracking, and detailed reporting, allowing managers to monitor task progress, manage deadlines, and gain real-time insights into costs and performance. This service is aimed at any business with computer-based work, including industries like IT, marketing, design, and legal services. As a holding company, TransparentBusiness owns talent marketplaces SheWorks! and Yandiki. SheWorks!, founded by Moschini, specifically focuses on connecting women with remote job opportunities to bridge the gender unemployment gap, while Yandiki serves a broader freelance market. The company serves major clients such as Sony, Google, and HP.