Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Workmate

Explore full profile

Workforce Management Platform built for hiring and managing a blue collar workforce at scale

Singapore, SingaporeFounded 2015Jobs Recruitment
Valuation $25–50M Last recorded · 2019
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Workmate and the history behind them.

About Workmate

Workmate operates as an end-to-end workforce management platform targeting the blue-collar labor market in Southeast Asia. The company was founded in January 2016, initially as Helpster, by Mathew Ward and John Srivorakul Stephens, rebranding to Workmate in November 2019. Ward, a New Zealand native with extensive experience in Asia's tech scene, including roles at Admax Network and Lotame, identified a gap in the market for organizing the informal workforce after exiting a previous business. This experience shaped Workmate's direction, aiming to solve the inconsistency of income for blue-collar workers and the difficulties businesses faced in finding reliable manpower.

The firm is headquartered in Singapore with operational offices in Thailand and Indonesia. In October 2022, Workmate was acquired by the Japanese HR conglomerate PERSOL Asia Pacific, a move intended to accelerate regional expansion by combining Workmate's technology with PERSOL's infrastructure. Mathew Ward stepped down as CEO in May 2024. The business model functions as a 'Workforce-as-a-service', automating the entire staffing process from recruitment through to payment. The platform serves enterprise clients primarily in the logistics, warehousing, F&B, and hospitality sectors, counting companies like aCommerce, Lazada, JD Central, and Foodpanda among its customers. Revenue is generated by replacing traditional manpower agencies, which can charge high fees, with a more direct and automated solution.

Workmate's core offering is a technology platform that streamlines the management of contingent staff. For businesses, it automates hiring, onboarding, scheduling, and attendance tracking, and provides real-time performance analytics. Companies can access a network of over 50,000 pre-vetted workers and manage them through the platform, which includes tools for viewing worker profiles, performance history, and managing payroll and contracts. For workers, the Workmate App provides access to a consistent stream of job offers from reputable companies tailored to their skills. The platform also offers benefits such as protection from wage fraud, social security, and plans for insurance and financial support, aiming to make informal work a more viable livelihood.

Source: Dealroom company data

At a glance

Founded
2015
Headquarters
Singapore, Singapore
Sector
Jobs Recruitment

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed5 investors entered at this stage

  • Mathew Ward
  • John Srivorakul
  • Tom Srivorakul
  • Piers Bennett
  • Paul Srivorakul

Series A3 investors entered at this stage

  • Beacon Venture Capital
  • Atlas Ventures
  • Gobi Partners

Series B and later1 investor entered at this stage

  • Lendable
Team profiled 13 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇹🇭 Thailand73.2%
🇮🇩 Indonesia19.5%
🇨🇱 Chile2.4%
🇸🇬 Singapore2.4%
🇷🇴 Romania2.4%
5 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Workmate on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Workmate on the full Dealroom platform

Live deal flow, founder pedigree, hiring signals, revenue trajectory, and the full cap table.