MyNavi, a leading human resources services and information media company has invested an undisclosed amount in Penbrothers, a Philippines-based startup offering recruitment and cross-border managed services.
Since its establishment in 2014, Penbrothers has been helping startups scale by enabling them with the correct remote talent and flexible hiring and HR solutions—while also ensuring that these employees receive reasonable salaries. The platform provides comprehensive support covering all personnel affairs-related issues that startups face, including post-financing recruitment planning, HR education and training, and mental health measures.
According to the company, Penbrothers takes advantage of the pool of talent available in the Philippines to provide services to clients in more than 20 countries worldwide. When startups in developed countries face labour shortages, Penbrothers steps in to undertake their management operations with highly skilled human resources hired through employment agency services in the Philippines.
Through its investment, Mynavi will help Penbrothers provide growth support to startups around the globe and also contribute to a better working environment in the Philippines.
PB Incubations claims it provides opportunities for many talented Filipinos to be active in startups around the globe while staying local, thus serving as a gateway to their employment in such settings. The company also maintains a database of over 20,000 people aspiring to work at startups, allowing it to be a one-stop provider of sourcing, recruiting, hiring, and management services for its clients.
Founded in 1973, Mynavi Corporation is one of the largest HR companies in Japan, with offices in the USA, South Korea, Taiwan, Vietnam, Philippines, Indonesia, Poland, and India. The company has recently acquired Gurugram-based People Matters, a fast-growing media platform and community for HR and talent leaders in India and APAC.