Join 16 others & invest in QuikWORK

Early Adoption Discount

  • 1st.

    First Tranche

    Shares will be sold at a 30 % discount

    $86,246 share value remaining

    $133 Price/Share

  • 2nd.

    Second Tranche

    Shares will be sold at a 20 % discount

    $50,000 share value remaining

    $152 Price/Share

  • 3rd.

    Third Tranche

    Shares will be sold at a 10 % discount

    $150,000 share value remaining

    $171 Price/Share

  • 4th.

    Fourth Tranche

    Shares will be sold at a 0 % discount

    - share value remaining

    $190 Price/Share

Minimum investment size 500 500

How much do you want to invest?
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Available for investment $386,246
Exchange rate applied for this proposal:
Number of shares to be purchased$
Price/Share before discount$
Note: This proposal accepts overfunding; remember it is optional whether the proposal owner decides to accept any overfunding commitments.
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Why QuikWORK?

Why invest?

QuikWORK was created to address a local problem that has existed in the GCC region for decades. Gig or part-time work is and was always available in various forms and has stayed a grey area as the employment regulations in the region always limited the options of short-term work. Over the past few years, these regulati ... see more.

Notable Press

Why The Gig Economy Could Reinvent The UAE Workplace For The Better
Forbes Middle East - https://goo.gl/3iV7Cx

Rise of the gig economy in the UAE
Arabian Business - https://goo.gl/GGvmdk

Private sector cutbacks spark the rise of the UAE gig economy for ...see more.

The Investors

2 new
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The Team

Founder and CEO
Co-founder and COO
Meet the Team

QuikWORK is UAE's first job platform for part-time work, looking to revolutionize short-term hiring in the region

Why QuikWORK?

QuikWORK was created to address a local problem that has existed in the GCC region for decades. Gig or part-time work is and was always available in various forms and has stayed a grey area as the employment regulations in the region always limited the options of short-term work. Over the past few years, these regulations have started changing and authorities have started issuing and defining permits and procedures to carry out part-time / gig work.

QuikWORK primarily addresses the marketing, advertising and events industry that has a constant demand for talents on short-term / project basis. Having worked in this industry for over a decade, hiring the right part-timers or freelancers for our projects was always our primary problem, not budgets or vendors.

We are:
1. Solving a local problem that has existed for decades
2. Quick and flexible to market requirements
3. Hiring awesome people to help employers #hireawesome
4. In talks with local allies including the labour ministries and freezones / authorities offering freelancer permits
5. Making a difference by helping people turn their passion into their primary source of income

QuikWORK has been tested and appreciated by potential customers during the pilot phase, with revenue beginning to materialize. Further updates to the solution shall only prove to strengthen the position of QuikWORK as the part-time recruitment mechanism of choice for our customers.

Keeping the exponential growth potential in view, an investment at this stage is expected to provide significant returns over the course of the investment period.

Notable Press

Why The Gig Economy Could Reinvent The UAE Workplace For The Better
Forbes Middle East - https://goo.gl/3iV7Cx

Rise of the gig economy in the UAE
Arabian Business - https://goo.gl/GGvmdk

Private sector cutbacks spark the rise of the UAE gig economy for 100,000 workers  
The National - https://goo.gl/WHNShd

Gig Economy Research in UAE
Swami Natarajan, Oracle - https://goo.gl/ZnwMp6

The Business

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QuikWORK has created a first-of-its-kind job platform dedicated to short-term work. The solution allows employers to subscribe and post work offerings for upcoming projects. Talents sign-up on a mobile application (available on iOS and Android) and apply to relevant offerings. The solution ensures the eligibility of both employers and talent to offer and look for part-time work.
When signing up, talents are asked to upload the relevant documents depending on their nationality, residence country and visa status. These documents, and any others, if needed based on their chosen work categories (they can select up to 5 of those), are validated by the QuikWORK admin to activate their account. Prior to activation, talent can browse for available work offerings but cannot apply to any of them.
A similar process of validating the trade license and office information of employers is carried out prior to activating them. Employers subscribe to QuikWORK with several flexible packages, allowing them to streamline their project hiring process. When reviewing the applicant profiles for an advertised job, the employers are assured of the eligibility of all applicants and can focus on the actual selection criteria, thus reducing the time spent per job. They can also offer standby positions to applicants, to ensure the availability of backup talents in case the first-choice talents are unavailable for any reason.
We expect a reduction in the time and effort spent per talent's recruitment up to 50%, resulting in significant savings for the employers. A portion of this saving is expected to come to QuikWORK as subscription fees.

QuikWORK shall be starting with the marketing and events industry, which currently has the most requirement for part-time jobs on a repeat basis. Other industries and other geographical regions shall be introduced in due course.
The target customers for QuikWORK typically go through a yearly cycle with a dip during the summer. The number of part-time work positions on offer in this industry can reach up to a million per year for UAE.
A similar gap exists in most markets around the world, with no direct solution available to address the same.
QuikWORK has the potential to occupy one of three leadership positions world-wide in the recruitment space, along with LinkedIn and Upwork.

Business operations for QuikWORK shall primarily focus on the below areas:
1. Business Development for employer acquisition
2. Marketing for talent & employer acquisition
3. Platform Administration & Customer Service
4. Corporate Administration (Accounting & Finance, HR, Corporate Relations, etc.)
5. Platform Improvements (including App Development for future versions)

The funds shall be fairly distributed across these areas.

The following exit strategies have been considered and approved by the Board of Directors:
1. A Share Buyback will be offered to all shareholders investing in this round five years following the issuance of shares. The price per share at which the Buyback will be offered shall be determined based on the market value of the Company at that point. Participation in this Buyback offer shall be optional.
2. We aim to pay all shareholders an annual dividend whenever possible. This shall ultimately be at the discretion of the Board of Directors, who will approve the dividend payment based on the Company’s annual performance and growth requirements. We expect there to not be any dividends in the first two years after this round.
3. We anticipate a possible acquisition by a global competitor taking place over the next 5-7 years, which is very likely to yield a high multiple exit to any shareholders present at the time.

Public documents

The Investors

Early Adoption Discount

  • 1st.

    First Tranche

    Shares will be sold at a 30 % discount

    $86,246 share value remaining

  • 2nd.

    Second Tranche

    Shares will be sold at a 20 % discount

    $50,000 share value remaining

  • 3rd.

    Third Tranche

    Shares will be sold at a 10 % discount

    $150,000 share value remaining

  • 4th.

    Fourth Tranche

    Shares will be sold at a 0 % discount

    - share value remaining

0 - 10,000

Gold Investor
Silver Investor
Gold Investor

10,000 - 100,000

100,000+

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Financials

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