TransparentBusiness stands in "unicorn" and plans to go out on the stock exchange in 2021


New York, 6 Oct (EFE).- Remote work management firm TransparentBusiness, founded and chaired by Argentine businesswoman Silvina Moschini, has become a "unicorn" with a private valuation of $1 billion and plans to go public in the fourth quarter of 2021, a spokeswoman told Efe.
TransparentBusiness, which Moschini created in 2012, has grown with the "technological boom that led to the COVID-19 pandemic" in recent months and this Tuesday opened a round of investment that takes it to a "de facto" valuation of 1 billion, placing it as a "unicorn" alongside 488 other companies around the world.
"COVID-19 caused a Big Bang-like explosion for remote work management solutions. With half the planet confined to their homes, billions of companies were forced to implement models that allow them to efficiently and verifiably manage their distributed workers," Moschini said.
Its SaaS platform ("Software as a service") uses cloud technology to facilitate the management and coordination of geographically distributed work teams and joins other firms that have multiplied their market value during the pandemic, such as the Zoom video call application.
TransparentBusiness is now "on its way" to a stock market debut on the New York Stock Exchange in the fourth quarter of 2021, when it estimates it will have a $10 billion valuation, according to its founder, who highlighted the importance of this milestone for a company led for a woman.
"We take a different approach to the traditional approach because being a female founder, we know that only 2.2% of venture capital goes to women-led companies. As they say in English, "We skirt the rules," we doubled the rules without breaking them and made a private global offer," he revealed, about his capital raising plan.
This global private offering raised more than $20 million and made the firm the "first pink unicorn to 'hack' venture capitalists' financing against statistics," which estimate that just 0.4% of venture capital funds are earmarked for 'startups' led by Latin American women.
"Through this financing alternative we were able to overcome the 'bias' (bias) of investment funds and also create an army of brand ambassadors who today are allowing us to reach markets far away over the Internet and be able to bring our solution to the world more efficiently," Moschini added.
Argentine businessman, who leads TransparentBusiness with CEO and co-founder Alex Konanykhin, noted that one of the keys to the business is "social impact," so she donated software to the U.S., China and Latin America when the pandemic broke out and developed CloudWorking Academy, an entrepreneur aid program.
TransparentBusiness enables talent hiring through SheWorks!, a platform that connects professional women with job opportunities and received the Equals In Tech Award in 2019, with which the United Nations recognizes innovative projects focused on narrowing the gender gap through technology.


Related Businesses
    - - Customer

    Copyright © 2020 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved.  You are not permitted to use this report or the information contained herein for any purpose not expressly permitted by CreditRiskMonitor.com, Inc. Except as expressly permitted by CreditRiskMonitor.com, Inc., you are not permitted, in whole or in part, to copy, alter, correct, adapt, translate, enhance, lease, sell, sublicense, assign, distribute, publish, otherwise make available to any third party, or prepare derivative works or improvements of this report or any of the information contained therein. You are not permitted to reverse engineer, disassemble, decompile, decode, or adapt the software, algorithms or other processes used to prepare this report, or otherwise attempt to derive or gain access to the source code of same. You agree not to remove, alter, obscure, combine or otherwise change any disclaimers, trademarks, copyrights, other intellectual property rights, proprietary rights, or other symbols, notices, marks, or serial numbers on or relating to any copy of the report or on marketing or other materials that CreditRiskMonitor.com, Inc. may provide to you. You will not use this report in any manner or for any purpose that infringes, misappropriates, or otherwise violates any right of any party, or that violates any applicable law.  
    The FRISK® scores, agency ratings, credit limit recommendations and other scores, analysis and commentary are opinions of CreditRiskMonitor.com, Inc. and/or its suppliers, not statements of fact, and should be one of several factors in making credit decisions.  Any reliance you place on the information in this report is strictly at your own risk. Except as expressly provided by CreditRiskMonitor.com, Inc., no warranties or representations of any type, including without limitation of results to be obtained, merchantability or fitness for a particular purpose, are made concerning any part of CreditRiskMonitor.com, Inc.’s service, including without limitation the FRISK® scores.  The information published above has been obtained from sources CreditRiskMonitor considers to be reliable.  CreditRiskMonitor.com, Inc. and its third-party suppliers do not guarantee or validate the accuracy and completeness of the information provided in this report, the underlying information input to create the FRISK® scores, and specifically do not assume responsibility for not reporting any information omitted or withheld.  By using this website, you accept the Terms of Use Agreement
    Contact Us: 845.230.3000
    Fundamental financial data concerning public companies may be provided by Refinitiv (click for restrictions)
    Saturday, November 28, 2020