FinLab EOS VC Fund Invests in Moonlighting
Leading Blockchain Freelance Platform Selects EOSIO
FinLab EOS VC Fund, a venture capital fund backed by Block.one, the publisher of the blockchain protocol EOSIO and FinLab AG, one of the largest company builders and investors focused on the financial services technology, announced today a strategic partnership with leading on-demand freelance platform Moonlighting. FinLab EOS VC Fund will invest in Moonlighting and collaborate to incorporate EOSIO into Moonlighting’s Blockchain Profile Management System (BPMS).
“FinLab has a long and successful history of investing in the most disruptive FinTech companies in the world,” said Stefan Schuetze, FinLab Member of the Board of Management. “Moonlighting has built a platform that leverages blockchain technology to make it easier, faster and safer for freelancers to conduct business globally. We really like the team, their mission to help freelancers and believe they will be one of the early winners to validate blockchain.”
To create a more trusted on-demand hiring experience, Moonlighting will use the proceeds to transport over 700,000 profiles to their blockchain, using the EOSIO protocol. Each profile will become portable and include important hiring data such as reviews, referrals and recommendations as well as job verifications of third-party licenses and certifications. In addition, Moonlighting will include their mobile management tool set like proposals, invoices, mobile payments, and CRM in the blockchain profile, giving users the freedom to freelance safely on the Internet.
“Block.one’s EOS VC program is committed to forming partnerships with companies that demonstrate a promising business operation and value the benefits of EOSIO,” commented Paul Grotowski, COO of EOS VC. “We believe that Moonlighting contains the three key traits you look for in a decentralized application: real customers, real traction and a bona fide use case for blockchain technology.”
Founded in 2014, Moonlighting has been helping freelancers and entrepreneurs start, build and grow their own personal small businesses and can be found in over 150 news media sites including the Chicago Tribune, LA Times, Miami Herald and USA TODAY.
“We have been following Block.one’s development and are impressed with EOSIO’s speed and cost value proposition,” added Moonlighting’s CEO Jeff Tennery. “Using the EOSIO protocol, we can deliver an open-source blockchain-based freelancer tool kit that will empower millions of freelancers to control their profiles and conduct business worldwide.”
Moonlighting is the first mobile, on-demand solution empowering people to earn extra money and hire talented professionals quickly. Moonlighting creates a virtual marketplace for freelancers and small businesses to hire or be hired directly from mobile devices. With a blockchain supported platform and its own token, Moonlighting provides a full turnkey solution with a suite of tools to empower millions of independent workers worldwide. Moonlighting is a privately held, Charlottesville, VA-based company built from the ground up for the gig economy. For more information, please visit https://www.moonlighting.com
About EOS VC
Block.one’s EOS VC program offers developers and entrepreneurs the funding they need to create community-driven businesses leveraging EOSIO. It provides support through venture capital partnership funds that primarily aim to achieve sustained utilization of the EOSIO ecosystem by investing in a concentrated and diversified portfolio of blockchain-focused companies building on the EOSIO software.
The EOS VC initiative is dedicated to fostering a global network of individuals from a number of disciplines through our engagement events. As part of the mission and vision, EOS VC engages with the blockchain developer community on a regular basis.
About FinLab AG
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A.GR) is one of the first and largest company builders and investors focused on the Financial Services Technologies (“FinTech”) sector. FinLab focuses on developing German FinTech startups and providing venture capital for their financial needs, whereby in each case the aim is a long-term participation and ongoing support of the investment. FinLab also invests globally, as part of venture rounds, in FinTech companies, primarily in the USA and Asia.
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See original press release on PR Web.