Malaysia’s HR tech startup Jibble Group has raised another $2.5 Mn in funding, which brings the valuation of the company at over $33 Mn. Investors in the latest funding round included a UK-based family office, David Goldstein (previously iFlix’s Head of Asia) and Jibble Group CEO Asim Qureshi. 

The startup will use the proceeds on growing the product team and expanding its operations in the Philippines, the company said in the statement. 

Launched in November 2017 by venture builder LaunchPad, Jibble operates a cloud-based time and attendance application for employers to manage their workforce. It offers two key products are PayrollPanda and Jibble. PayrollPanda claims to be Malaysia’s cloud payroll solution for SMEs, with more paying customers than all the other cloud payroll solutions in Malaysia combined. Meanwhile, Jibble is a location-based time-tracking app with customers in over 50 countries. 

Co-founder Toine Vaessen stated, “We have award-winning fast-growing low-churning products that customers love. But we’re now working on 2.0 versions of Jibble and PayrollPanda on a consolidated platform, which will take things to a new level – we are really excited, because it will be a game-changer.”

The latest funding round follows Jibble’s last year’s funding round of $1.3 Mn, which saw participation from Saqib Qureshi, a property developer based in Canada and the brother of LaunchPad CEO Asim Qureshi, and two family offices- one based in the UK, and another in the Middle East.