Social mission:
Breaking the viscous cycle of poverty/ low income trap as a result of 1) lacking timely income opportunities, 2) upward mobility, 3) being excluded from the financial and credit system and 4) paying too much for health related expenses.
Business model:
JOBDOH’s current revenue stream is mainly originated from monthly subscription fee.
JOBDOH is developing additional revenue streams, including:
-Wage-backed financing: current wage transfer via e-wallets takes 7 days to deposit into the workers’ account. Wage-backed financing reduces the process time from 7 days to less than 24 hours after workers finished their work.
-Payroll servicing: JOBDOH provides payroll subscription service where the employer funds to JOBDOH and JOBDOH disburses wages to employees on daily basis.-Contract signing and insurance package offerings:
-JOBDOH is developing a mechanism to enable contract signing between employers and employees. We are also in a progress negotiating with insurance companies to provide medical and health insurance available for both parties to purchase.
Founding Team:
Xania Wong, CEO/Founder, was formerly an investment analyst in Royal Bank of Canada, management consultant at Bain & Co. and product manager at MSCI Inc. leading the launch of MSCI Indonesia futures on SGX. She is a CFA charter holder and obtained an INSEAD MBA.
Vaughn Hew, CPO, was CPO of Bindez, taking their consumer media app from 40k MAU to 200k+ MAU. He was also an engineer in cyber security working for the national security of Australia and America.
Eric Fong, Tech Advisor/Founder, has nine years of experience as a full stack developer in Microsoft and Hong Kong Observatory.
Social Impact:
Our social impact KPIs include:
KPI 1 – 30% of users coming from underserved communities including single parents, ethnic minorities, the working poor and students
KPI 2 – Targeting a 15+% income improvement
KPI 3 – Once the insurance is implemented, a decrease in health care expenses
Proposed project with students:
JOBDOH wants to develop a brand new piece-meal healthcare benefits program, where every worker, when obtaining non-permanent jobs from the platform, can accumulate credits and exchange them for discounted healthcare insurance packages.