FinLab’s EOS VC Fund, a venture capital fund backed by Block.one, the publisher of the blockchain protocol EOSIO and FinLab AG, has signed a strategic partnership with on-demand freelance platform Moonlighting. FinLab EOS VC Fund will invest in Moonlighting and collaborate to incorporate EOSIO into Moonlighting’s Blockchain Profile Management System (BPMS).
“Block.one’s EOS VC program is committed to forming partnerships with companies that demonstrate a promising business operation and value the benefits of EOSIO,” commented Paul Grotowski, COO of EOS VC. “We believe that Moonlighting contains the three key traits you look for in a decentralized application: real customers, real traction and a bona fide use case for blockchain technology.”
“FinLab has a long and successful history of investing in the most disruptive FinTech companies in the world,” said Stefan Schuetze, FinLab Member of the Board of Management. “Moonlighting has built a platform that leverages blockchain technology to make it easier, faster and safer for freelancers to conduct business globally. We really like the team, their mission to help freelancers and believe they will be one of the early winners to validate blockchain.”
To create a more trusted on-demand hiring experience, Moonlighting will use the proceeds to transport over 700,000 profiles to their blockchain, using the EOSIO protocol. Each profile will become portable and include important hiring data such as reviews, referrals and recommendations as well as job verifications of third-party licenses and certifications. In addition, Moonlighting will include their mobile management tool set like proposals, invoices, mobile payments, and CRM in the blockchain profile, giving users the freedom to freelance safely on the Internet.
“We have been following Block.one’s development and are impressed with EOSIO’s speed and cost value proposition,” added Moonlighting’s CEO Jeff Tennery. “Using the EOSIO protocol, we can deliver an open-source blockchain-based freelancer tool kit that will empower millions of freelancers to control their profiles and conduct business worldwide.”
Founded in 2014, Moonlighting has been helping freelancers and entrepreneurs start, build and grow their own personal small businesses and can be found in over 150 news media sites including the Chicago Tribune, LA Times, Miami Herald and USA TODAY.