XL Africa Entrepreneurs
Lynk offers a network of thousands of professionals, allowing customers to book services from over 140 categories ranging from plumbers to nannies to tutors. The platform operates via a mobile app, the web and SMS, and automatically identifies qualified workers based on subskills and other signals such as location, price, range, language and their experience. Lynk facilitated over 5,000 jobs in the last year and paid out more than $300,000 to professionals. On average, this is a delivery of 600 jobs per month across hundreds of verticals, with 80 percent of customers being repeat customers, on average accessing 11+ jobs. Lynk charges a commission of 10 percent of the quoted job value – if a plumber does a job for $10, the total cost for the customer is $11. Currently, it does not take any money from workers in the system, and is already generating revenues. Lynk raised an initial $350,000 seed funding round in 2016, led by Safaricom’s Spark Fund along with Mercy Corps and Steel Africa. They closed a second seed funding round in May 2017, led by Novastar Ventures.