Myn

Idea

Introduction

“The largest taxi company has no taxis, the largest hotel network has no hotels…” - imagine a dynamic market network for employment services.

Myn is an innovative source-to-pay platform with a vision to create a zero-friction network that connects companies, workers, and recruiters seamlessly.

Our end-to-end solution is powered by AI, enabling intelligent talent sourcing and matching. The platform offers self-service talent acquisition, fully funded payrolling services, digital compliance solutions, job boards, and enticing employee benefits.

With a clear focus on transforming the world of work, Myn aims to streamline processes and drive transactional costs to a minimum.

In a fragmented and costly market, we want Myn to stand out as an innovating force, addressing the growing need for on-demand talent and revolutionising the way we approach employment and workforce management.

Substantial accomplishments to date

We prioritise employee well-being and strive to eliminate the frustrations of the zero-hours contracts, offering every worker a sense of belonging and a harmonious work-life balance.

Driven by innovation, we have achieved many game-changing accomplishments within our marketplace:

- Overcome the major challenge with any AI model, making it explainable!

- Developed several sophisticated proprietary AI models. This technology gives us the capability to automate Search, score any candidate profile against any job, summarise job adverts and candidate profiles

- Continuous automated scanning and analysis of 10M live UK jobs, linked to a vast database of 1.2M+ UK companies and 20M+ candidate profiles. This allows us to serve customers across all verticals

- Created software specifically to provide workers with advance payment without waiting for their time sheets to be approved.

- We have raised £325,000 during the first close of this round

- Building strong partnerships with renowned brands like Coupa, Fielglass and Bullhorn.

- Trusted by global clients like Tapfin|Manpower, GSK, HSBC, Absa Bank

- Currently are on a number of Procurement Frameworks like YPO and Proactis

- Total existing candidates userbase of over 150k individuals

- 6,000 jobs registered on the platform.

- Over 1,300 hires made through the platform

Monetisation strategy

Myn's monetisation strategy offers a variety of service fees to different Stakeholders, ensuring a seamless source-to-pay experience for all parties involved.

1. Fully integrated - typically for large enterprises, 7%-12% of hired candidates salary. (Fee may be generated from integration also depending upon the scale).

2. Self-Service - Fees from 7-10% for talent pooling, funding and payrolling of candidates.

3. Independent recruiters - 30%-50% of the income generated by independent recruiters.

4. Marketplaces & Partners - We will charge 5%-10% depending upon the volume and margin minus the partner’s fees.

Use of proceeds

The world of AI is growing, and we continue investing in our capability to leverage the latest advancements, ensuring Myn remains at the forefront of innovation.

The funds raised during this crowdfunding campaign will be allocated to the following main channels:

1. Fully-Integrated Channel (50%)

Building UPSs to increase conversion at the large enterprise level
integrations with social networks, like WhatsApp, and Facebook.
Partnering with job marketplaces, including Linkedin.
Improving compliance solutions with partners such as Onfido and Yoti.

2. Self-Service (20%)

Expanding marketing reach
automating credit checking for cost-effective customer acquisition,
streamlining employer sign-up processes for higher conversion.

3. Independent Recruiters Network (20%)

Supporting Acquisition/Onboarding Costs.
Investing in Marketing, Training, and Branding Support.

4. Marketplaces & Partners (10%)

Expanding Marketplace Integrations (10%)
Enterprise Marketplaces: Salesforce, Office365

Come and Join the Myn Revolution!