Rankmi's bread and butter might make paper applications a thing of the past - the Chile-based HR tech startup developing automatic systems for the indutry has recently secured US$1.5 million in a funding round led by Beagle Ventures.
Psychologist Felipe Cyadra and civil engineer Enrique Besa founded Rankmi in 2014 to automate human resource processes. At the time, they began the company in London but currently headquartered in Santiago.
“We overcame all of our initial expectations,” said Besa, who also served as the CEO.
Moving forward, news broke that Rankmi intends to create a mobile app and start operations in Mexico following the investment round that closed in May. The founders also chose to expand to Mexico based on current demand for effective management systems.
“Our business model tries to have the largest quantity of employers using our platform,” said Besa in recent email correspondence. “In this sense, Mexico has an interesting size for this type of solution. On the other hand, companies in Mexico invest more every day in issues related to people management. This is why our services are in demand in that country.”
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