Yepstr - giving ALL young people a chance to build a career
| Reference number | |
| Coordinator | YEPSTR AB |
| Funding from Vinnova | SEK 300 000 |
| Project duration | April 2019 - June 2019 |
| Status | Completed |
| Venture | Innovative Startups |
| Call | Innovative Startups step 1 spring 2019 |
Important results from the project
The goal was to create a scalable solution where companies can hire extra staff. We have successfully achieved that goal by automating the most important steps so that our company solution now grows on its own. Today, 140 companies have used the app. During the project we unexpectedly got requests from larger companies for larger volume recruitments (i.e. more than 100 candidates), which is not possible to handle in an app. We will therefore begin the development of a desktop-solution this autumn.
Expected long term effects
With a scalable business solution for our app, the expectation was to double our sales within the next few years. Given our current growth rate this should be achieved already within 2020. Yepstr takes close to no margin on the tasks that private customers post in the app. For corporate jobs, the margin is larger, as companies pay about 40-50 SEK/h in administration fees. With an improved company solution in place the growth rate within the company segment has increased, meaning that we will reach our targets sooner than expected.
Approach and implementation
Relatively early in the project we discovered that we would not have enough candidates in the platform during the summer period so we immediately needed to prioritize this. This led to somewhat higher labor costs but was later balanced as the speed of the development team was higher than initially expected. The re-prioritization was successful and led to us successfully attracting two larger company customers like Järvaveckan but also a larger real estate company.