Revolutionary talent search platform disrupting Australia's multi billion dollar recruitment and job search industries.

Live Kredible (Tagg Technologies Pty Ltd)

Kredible (Tagg Technologies Pty Ltd) | Equity Crowdfunding

Equity Crowdfunding Type of Offer
$5 millionPre-money Valuation
$500 Minimum Investment
Up to $1.25 million Size of Offer

Min. reached - now targeting $1.25 million

104%

$259,655

Raised

4.8-20%

Equity

47

Investors

Closes in

1d
1h
1m
1s

​Please consider the offer document and general risk warning before investing.

Investors are entitled to a 5 day cooling-off period.

Investments over $10,000 are restricted to Sophisticated investors - Apply here

 

Click here to learn more about Equity Crowdfunding

Kredible Employer Ad

Who is Kredible? And how do they differ from Seek, Jora, and Indeed?

 

Watch their employer ad to find out!

The workforce is undergoing a rapid transformation

The number of active contractors and freelancers in the global economy has grown significantly in recent years, now accounting for over 30% of the Australian workforce. This trend is being accelerated by factors such as COVID-19 pushing companies to seek scalable workforces and younger generations entering the workforce wanting greater flexibility.

 

The fastest growing segment of this transformation is white-collar professionals, with over 40% now engaging in contract or freelance work. >For reference, the recruitment industry in Australia has historically focused on permanent placements. As of 2021, contracting now makes up almost 70% of the industry.

Current solutions for finding talent are not optimised for this shift


Today, almost all Australian businesses searching for talent conduct a search via one of the major job boards (Jora, SEEK, Linkedin or Indeed), or via a recruitment agency who will conduct a search via one of the job boards on their behalf. This process involves posting a job ad, waiting for applications, shortlisting CVs and finally, conducting interviews before selecting a candidate. This process is lengthy, very expensive and highly inefficient. 

 

The push toward project based work in the economy is highlighting the drawbacks of current solutions. The average time to fill a short-term position is currently 68 days and costs employers $5,500 on average per hire. It is clear job boards are not able to accomodate the trends present in the labour force.

Welcome to Kredible


Kredible is a talent search platform allowing employers to search through a database of professionals with profiles made from real performance data. Every professional on Kredible has been verified by their previous employers via extensive reference checks displayed in an Uber-style review format. Employers are able to view all work previously completed by a professional with key data such as who they worked for, project descriptions, which specific skills were used, ratings for each project as well as other key data points.

 

Welcome to the most accurate CV you have ever seen. Accessible instantly. 

 

Traditional recruitment agencies can charge between 15-25% of a candidate’s day rate or base salary for their services. A job board such as SEEK can charge a minimum of $225 for a basic ad. Kredible offers employers a significant cost reduction, offering either a 7% service fee, or a subscription fee of $49/month to access the platform.

Opportunity size

 

The talent search industry in Australia currently consists of four major job boards (Jora, SEEK, Linkedin and Indeed) and over 8,000 recruitment agencies operating throughout the country. The industry currently generates over $15.6 billion dollars a year in revenue, all of which is immediately contestable.

 

The total addressable market for Australia is based off of Australia’s total contractor and freelancer income of $193 billion. We estimate the total addressable market in Sydney for the Kredible platform to be $4.4 billion, Australia to be $13.5 billion, the United States to be $120 billion and the global market to be $1.5 trillion. 

Progress to date

We have completed the final development and testing of our desktop and mobile platforms and have begun onboarding a critical mass of professional contractors and freelancers.  We have seen a 50% higher rate of professionals going through the sign up process than what was anticipated, positioning us well to deploy the additional growth capital we are about to raise. 

 

Our development team have been able to leverage an emerging technology developed by Google called Flutter. Utilising Flutter has allowed us to deploy key aspects of the platform in record time, while delivering significantly enhanced performance and flexibility. This technology has been recently adopted by key tech companies such as eBay, Square payments and Tencent.

 

We have also recently begun rolling out an outbound sales campaign driving initial signups, which is currently being executed by our call centre in Surry Hills, Sydney. We are targeting the most in demand professionals in New South Wales, based on the latest job vacancy data taken from major job boards. Complementing this is a targeted digital campaign being executed via Facebook and Google ads, as well as a brand awareness campaign being run through multiple well known Australian websites. 

 

Highlights

Opportunity size and scalable business model:

There is a substantial opportunity in Australia alone based on the size of the contestable revenue opportunity ($12 billion), which is currently controlled by recruiters and job boards who we are seeking to disrupt. This compares favourably with only fintech and utility type industries that have similar domestic market opportunities without having to go offshore to find a large enough market to exploit. Having said that, our highly scalable business model allows for expansion into global markets within 3 years. 

Macro-trend:

The macro-trend of contracting and freelancing has created an increase in demand across nearly all industries for a product such as kredible, demand for which will only increase over time. 

Timing:

Investors will be participating at a crucial growth stage whereby the groundwork has been laid (development of the platform is complete and a critical mass of users have begun onboarding) yet the valuation of the company is small relative to the opportunity size. 

Industry experience:

Kredible’s leadership team and advisory board have years of experience in the talent sourcing industry, having spoken with clients and candidates about issues with current solutions at length, confirming demand for a product like Kredible.

First-mover advantage:

Kredible will be the first product of it’s type to launch in Australia and as such, will hold the first-mover advantage.

The Board

Louis Grist

Co-Founder/CEO

Finance Graduate with a background in corporate finance, experience in multiple key Sydney recruitment agencies.

Stuart Kidd

Co-Founder/CTO

Over 10 years experience running a consumer facing software business, designing and developing software platforms end-to-end with multiple successful product launches.

Terms of the Offer

Issued Capital

For more detailed information, please read the Capital Structure section of the offer document.

Use of Funds 

For more information, please read the Use of Funds section of the offer document.

Company Risks

Tagg Technologies Pty Ltd is an early-stage company is a talent search platform allowing employers to search through a database of professionals with profiles made from real performance data. As with any early-stage business, an investment in the Company should be seen as high-risk and speculative. A description of the main risks that may impact their business are listed in the offer document. Investors should read this section carefully before deciding to apply for shares under the Offer. There are also other, more general, risks associated with the Company (for example, the risk of further capital needs, limited operational history, operational risk or the inability to sell their shares).

See the Risk section in the Offer Document for further information.

The Offer is subject to a Maximum Subscription amount of $1.25 million. If the Maximum Subscription is reached, the Offer will close early. Applications will be treated on a time priority basis and may be subject to scale back, so please fund your application as soon as possible

IMPORTANT: Please read the below information before investing in this Equity Crowdfunding offer.

RISK WARNING:  Crowd-sourced funding is risky. Issuers using this facility include new or rapidly growing ventures. Investment in these types of ventures is speculative and carries high risks. You may lose your entire investment, and you should be in a position to bear this risk without undue hardship. Even if the company is successful, the value of your investment and any return on the investment could be reduced if the company issues more shares. Your investment is unlikely to be liquid. This means you are unlikely to be able to sell your shares quickly or at all if you need the money or decide that this investment is not right for you.

Even though you have remedies for misleading statements in the replacement offer document or misconduct by the company, you may have difficulty recovering your money. There are rules for handling your money. However, if your money is handled inappropriately or the person operating this platform becomes insolvent, you may have difficulty recovering your money. Ask questions, read all information given carefully, and seek independent financial advice before committing yourself to any investment.

5 DAY COOLING OFF PERIOD: There is a 5 business day cooling off period for retail investors. During this period, you may withdraw your application and receive a full refund into your nominated refund account. Please note: After the 5 day cooling off period has expired, you will be unable to withdraw your application. More information here.

ONMARKET FEES: Upon successful completion of the Offer, a maximum fee of 7.0% of the funds raised will be paid to OnMarket by the Company.

ONMARKET INTERESTS: OnMarket and its associates may be participating in this offer.

ONMARKET INTERESTS AND AMOUNTS SUBJECT TO COOLING OFF: The funding bar displayed under each crowd funding offer may include applications where payments are yet to be made and amounts that are subject to the cooling off period.

Section 734(6) disclosure: The issuer of the securities is Tagg Technologies Pty Ltd ACN 644 960 341. The securities to be issued are fully-paid ordinary shares. The disclosure document for the offer can be obtained by clicking on the link above. The offers of the securities are made in, or accompanied by, a copy of the disclosure document. Investors should consider the disclosure document in deciding whether to acquire the securities. Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document (which can be done via the electronic application form which will become available by clicking the bid button above)

Question time

We'd love to answer your questions, we'll have one of the OnMarket team or the company representative of the offer get back to you asap. So ask away ...

Please sign in to post a question

Discover investment opportunities here.

 

Equity Crowdfunding 1 days left

Sawce Pty Ltd

Sawce Pty Ltd
Australia's online marketplace for furnishing & fitouts
I need it, I'll SAWCE it!

 

Sawce.com.au is the FIRST and ONLY online marketplace dedicated to helping people furnish and fitout any space – home, commercial and office. Starting with over a hundred thousand products from hundreds of retailers, & targeting 1 million products within 12 months, they are the Domain.com and RealEstate.com of the $50B Australian furnishing and fitout industry.

 

Using their successful pilot site with 30,000 users a month as the base, Sawce.com.au launches in October, with rapid expansion anticipated as a pure-play technology-driven marketplace.

 

Before investing please consider the offer document and the general risk warning.

Min. reached - now targeting $1 million

146%

$291,094

Raised

1-3.5%

Equity

53

Investors
IPO Upcoming

ChemX Materials Ltd ASX: CMX

ChemX Materials Ltd
Focussed on producing materials required for global energy transition and de-carbonisation markets

 

Commitments in excess of $7m min offer size. OnMarket has a limited allocation

 

ChemX Materials Limited (ASX: CMX) is a materials technology company developing new and innovative solutions to produce materials required for the global energy transition and de-carbonisation markets. The Company’s initial focus is in-house developed technology to process and supply High Purity Alumina (“HPA”). HPA is a critical material for the Lithium-Ion Battery and LED & Semiconductor markets. ChemX is planning to construct a pilot plant within 12-18 months.

 

The Company also holds two exploration licences in the Eyre Peninsula, South Australia which are prospective for kaolin / halloysite and manganese, key materials for the decarbonisation of industrial processes, Hydrogen storage, CO2 Capture and battery precursor material.

$0.20Price
Up to $8 millionSize of Offer
06 Dec 21Offer Open
10 Dec 21Pay By
IPO Live

Belararox Ltd ASX: BRX

Belararox Ltd
Mineral explorer focused on meeting the surge in demand from battery and renewable energy markets

 

Belararox Limited (ASX: BRX) is an Australian mineral explorer focused on securing and developing resources to meet the surge in demand from the technology, battery and renewable energy markets.

 

The Company directly owns 100% of the Belara metals project in NSW that comprises a granted exploration licence and two exploration licence applications, and the Bullabulling gold and nickel project located Western Australia that comprises a package of 26 granted prospecting licences located close to the Bullabulling Gold Mine.

 

The Belara Project is a highly prospective near-term base metal opportunity. Previous drilling has shown mineralisation with excellent continuity, containing significant intersections of zinc, copper, silver, lead and gold and is located close to well-developed infrastructure. 

$0.20Price
Up to $6 millionSize of Offer
30 Nov 21Offer Open
06 Dec 21Pay By
IPO Live

Dragonfly Biosciences Ltd ASX: DRF

Dragonfly Biosciences Ltd
Producing high quality CBD health and wellness products from ‘seed to shelf’, sold through blue chip retailers

 

Dragonfly Biosciences Limited’s (ASX: DRF) develops cannabidiol (CBD) health and wellness products derived from the cannabis plant, owning and operating the entire production chain from ‘seed to shelf’. EU licensed strains are grown on its own organically certified fields in the EU, with CBD extraction undertaken at the Company’s ‘state of the art’ large scale extraction facility. 

 

Dragonfly has a 3-year track record of selling its CBD products through blue chip retailers in the United Kingdom (UK), such as Boots, Tesco, Sainsbury’s, Amazon and Harrods, and is now targeting international expansion to Australia, Asia Pacific and the USA. The company is forecasting revenues of $6.9 million for FY2021.

$0.20Price
Up to $11 millionSize of Offer
02 Dec 21Offer Open
10 Dec 21Pay By
Equity Crowdfunding 2 days left

Kredible (Tagg Technologies Pty Ltd)

Kredible (Tagg Technologies Pty Ltd)
Revolutionary talent search platform disrupting Australia’s multi billion dollar recruitment and job search industries.

 

Kredible is the next generation of talent search platforms, completely flipping the hiring process on it’s head by offering employers a searchable database of professionals who have all been verified by their previous employers via extensive reference checks, all displayed in an Uber-style review format. 

 

Currently, almost all businesses conduct talent searches through job boards or recruitment agencies via a lengthy, expensive and highly inefficient process. Kredible aims to fix this by offering employers a technology enabled platform to hire talent considerably faster, cheaper and with much more accuracy.

 

Disrupting this process represents a contestable revenue opportunity of over $12 billion in Australia alone.

 

Before investing please consider the offer document and the general risk warning

Min. reached - now targeting $1.25 million

104%

$259,655

Raised

4.8-20%

Equity

47

Investors
Equity Crowdfunding 3 days left

ReNutrients Pty Ltd

ReNutrients Pty Ltd
Cleantech meets Agtech. Revolutionary technology. Returning Nutrients to Nature

 

Every year over 419 million handheld batteries are sold in Australia and just 4% of these are recycled with the rest going to landfill. As batteries begin to break down in landfill, heavy metals can leach into the surface and groundwater, polluting our soils and waterways.

 

ReNutrients is on a mission to address the issue of battery waste in Australia whilst returning the valuable minerals used in the batteries to the ground. Via their exclusive distribution agreement with Finnish cleantech company, Tracegrow, ReNutrients has a suite of organic fertilisers made from recycled batteries that have shown increased yields for growers by up to 26% compared to traditional competing products.

 

Before investing please consider the offer document and the general risk warning.

Minimum Target $250,000

110%

$274,305

Raised

5-13.6%

Equity

184

Investors