About

Instawork connects businesses with over 5 million vetted short-term, seasonal, and temp-to-hire workers through its online platform. This service is designed for companies needing hourly workers, making it easier to find qualified candidates compared to traditional staffing agencies. The platform uses an intelligent matching system that pairs businesses with suitable workers from its extensive database, supported by a thorough vetting process to ensure reliability. This has led to a high demand for Instawork's workers, with 93% of businesses wanting to rehire them and a low 2% no-show rate. Businesses can view worker profiles and experience before shifts, and those looking for full-time employees can also search and hire from the database. Instawork generates revenue by charging businesses for connecting them with workers, and its importance grew during the pandemic, reinforcing its market position.

Simplify's Take

What believers are saying

• Instawork's acquisition of Able Jobs expands its global job market offerings.
• Expansion into Phoenix and Savannah indicates growing demand for Instawork's services.
• Investment from Spark Capital and GV shows strong confidence in Instawork's growth potential.

What critics are saying

• Increased competition from platforms like Wonolo and Bluecrew threatens market share.
• Potential backlash from workers regarding pay rates and job security.
• Regulatory scrutiny on gig economy companies may increase operational costs.

What makes Instawork unique

• Instawork offers an automated matching solution for hospitality professionals and businesses.
• The platform has a rigorous vetting process ensuring reliable worker-business connections.
• Instawork's intelligent matching system results in a 93% worker return rate for businesses.

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