Company recognized for empowering the deskless workforce with text and automation technology

Workstream, the hiring and onboarding platform for the deskless workforce, was named to the Embedded Fintech 50, a list launched by GGV Capital in partnership with Crunchbase, to recognize the most promising fintech companies in the eyes of startup investors.

GGV Capital convened 57 investment firms to nominate and vote on the 50 honorees. Having raised more than $12 billion collectively, the Embedded Fintech 50 demonstrates the enthusiasm of venture capital investors in the growth and innovation of this sector. In celebration, honorees will ring the Closing Bell at the Nasdaq MarketSite today.

“Being named to the Embedded Fintech 50 is a true honor and testament to the hard work and dedication of our team. We are grateful to GGV Capital and Crunchbase for recognizing our potential and look forward to continuing to empower the global deskless economy through technology—from workers to business owners,” said Desmond Lim, CEO and cofounder, Workstream.

Workstream’s end-to-end platform, which automates many of the recruiting processes that can slow down hiring, helps businesses with large deskless workforces fill open positions quickly. It also digitizes the onboarding process, enabling employers to collect a new hire's offer letter, W-4, I-9, and more via a text message. More than 24,000 businesses trust Workstream to build a stronger deskless workforce so they can focus on what matters most: their team and their customers.

“Embedded fintech is a bright spot in today’s market, and it is exciting to see how companies are democratizing access to financial services through technology,” said Hans Tung, managing partner at GGV Capital. “We are excited for the continued development of the embedded fintech landscape and further creative innovations to come. Congratulations to the Embedded Fintech 50 honorees!”

About Workstream

Workstream is a hiring and onboarding platform designed exclusively for hiring and managing the deskless workforce. Powered by automation and two-way texting, Workstream enables businesses to source, screen, and hire deskless workers faster. And once hired, Workstream empowers employers with the digital tools and data to better manage their teams and retain them. More than 24,000 businesses trust Workstream to build a stronger deskless workforce so they can focus on what matters most: their team and their customers.

About Embedded Fintech 50

Embedded Fintech 50 includes the most promising embedded fintech startups as nominated and voted on by investment firms. GGV Capital launched the list in partnership with Crunchbase and convened 57 investment firms to develop the inaugural list. This year, 175 companies were nominated, and 50 were selected through a voting process that required the nomination of portfolio and non-portfolio companies. Nomination criteria included companies with a primary product focus on fintech, U.S. as a primary market, and Series A stage. Embedded fintech is defined as financial service platforms or financial service providers that integrate into commercial or financial service platforms. For more information about participating investors and list methodology, visit: https://www.embeddedfintech50.com.

About GGV Capital

GGV Capital is a global venture capital firm partnering with founders to build category-leading companies around the world. Focused on multi-stage, sector-focused investments, GGV manages $9.2 billion in investments across the U.S., China, Southeast Asia, Israel, Latin America, and India. Founded in 2000 with roots in Singapore and Silicon Valley, GGV has backed more than 500 companies, including Affirm, Airbnb, Alibaba, BigCommerce, Boss Zhipin, Bowery Farming, Grab, Full Truck Alliance, HashiCorp, Hello, Keep, Kujiale, NIU, Opendoor Technologies, Peloton, Poshmark, Slack, Square, StockX, Udaan, Wish, XPeng, Zendesk, and more. More information can be found at www.ggvc.com and @ggvcapital.

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