Start-up Oneflare.com.au has recently attracted additional investments for its online marketplace expansion.
With a funding of A$500,000 (US$462,760) from Australian investors, Oneflare aims to elevate online user acquisition growth, pursue marketplace innovation, and increase revenue growth.
The investors of Oneflare include Les Szekely of Grand Prix Capital, Garry Visontay of Principal Sydney Seed Fund and Jeffrey Tobias of The Strategy Group. The three have also previously invested jointly in DesignCrowd, an online marketplace for graphic design.
Oneflare said it receives 130,000 unique visitors per month, A$16 million (US$14.8 million) in jobs requests and over 30,000 businesses registered in over 250 service categories.
Oneflare said its CEO Marcus Lim and co-founder Adam Dong are searching for opportunities, particularly in Singapore, to extend Oneflare's reach as part of its international expansion strategy.
"We're now cash flow positive so this funding is really about scaling and becoming the number one marketplace for consumers and service businesses to find each other," said Lim. "The experience that our investors bring to Oneflare is equally as important as their funding. We look forward to tapping into their experience, and capital, to fire a rocket under our already rapid growth."
Lim is a Singaporean who studied at the University of New South Sales where he met Oneflare co-founder Adam Dong.
On Oneflare, consumers can connect at the least amount of time with local service businesses such as cleaners, electricians, plumbers, removalists, pest control, painters, accountants, bathroom and kitchen renovators, landscapers, and gardeners.
For businesses, Oneflare gives pre-qualified leads for operators to focus on the job, and assist in enhancing their reputations.
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