Introduction
nPloy is an online platform that directly matches and connects candidates and employers based on the dating apps model. The platform has already attracted more than 85,000 candidates and 500 employers on the Bulgarian and Romanian markets and now aims to expand.
The team raised its first investment round led by the local VC firm “Morningside Hill” setting the goal of expanding the platform to Central and East European countries.
"Mass online job posting platforms, not only on the Balkans, but also in Europe, are often clumsy and inefficient. This is exactly what we want to change with nPloy, having successfully built an innovative job-matching platform based on the dating apps models. We've replaced the standard pre-screening process with an AI algorithm allowing users to see only vacancies relevant to their experience and requirements, and employers to source the right candidates more efficiently.” says nPloy Co-Founder Konstantin Tsonev.
How nPloy works
Currently, nPloy is used by over 85 thousand users and over500 employers, including BIC, SAP, Lidl, Postbank, and others. The platform offers an extremely transparent and efficient selection process. Companies gain access to each candidate’s professional experience and skills, excluding personal data such as names, gender, age, and current employer. That guarantees maximum objectivity and fairness of the process to avoid unconscious bias. Employers also have access to the anonymous candidate pool of all users to filter and analyze the market potential of each vacancy they plan to post.
"We invested in nPloy because we believe in the urgent need of transforming the recruitment market in Europe. Every good idea needs a great business plan and people who are passionate about its implementation, and nPloy has exactly that," said Pavel Velkov, managing partner in the VC firm Morningside Hill.
The app's smart algorithm shows the candidates only job ads that meet all their requirements, including salary. nPloy is the only platform where users always know whether their application has been reviewed, approved not, so the feedback is instant. If mutual interest is shown as in dating apps, a chat automatically opens between the two parties, and a video interview can be scheduled. The latest version of the mobile app also offers the possibility for candidates to follow tailored news, join clubs with like-minded people, and attend various types of career-related online events.
“nPloy's goal is to make things easier. Job finding doesn't have to be such a complicated and slow process when there are modern technologies to solve these problems. In a market with low unemployment rates and growth in job openings, candidates don't want to waste time in a couple of interviews just to find out that their financial expectations don’t even meet,for example. Any difficulty, delay, and inefficient processes turn down a large number of applicants. This is where nPloy comes in - you create a quick profileand you can immediately apply or wait for an employer to send you a job match request for a suitable position," said Maria Petrova, director of business development in nPloy.
The future of nPloy
The main objective of the team now is to grow to new markets in Central and Eastern Europe. The platform has recently launched on the Romanian market and the feedback is impressive. The founders aim by the end of 2023 the platform will be active in 10 more countries and plan a successful A round of investment for global growth.