French startup Bounce, a contemporary tackle the idea of umbrella corporations in France, has raised €11 million (round $12 million at present trade charges) in a Collection A funding spherical.
Bounce provides full-time contracts to freelancers searching for some stability and the advantages concerned with a full-time job. It solely acts as an administrative companion and staff stay impartial — they’ll work with a number of purchasers and negotiate their contracts straight.
Breega is main right now’s funding spherical, and Index Ventures and Elevate Ventures are additionally collaborating. The startup had beforehand raised €4 million (round $4.5 million) again in 2021.
After signing up, freelancers can invoice their clients by means of Bounce’s platform, and on the finish of the month, they’ll create payslips and obtain a wage. This characteristic alone signifies that freelancers can outline a pay for themselves that works all yr lengthy — even throughout these sluggish summer time months.
And with a everlasting contract, staff are registered with the nationwide healthcare system and might contribute to the nationwide pension system. Bounce additionally supplies medical health insurance contracts through Alan, meal vouchers through Swile, entry to worker financial savings schemes and extra. In France, a everlasting contract can also be significantly useful while you’re making an attempt to purchase a house and negotiating a mortgage with a financial institution.
There are some tradeoffs, although. Company contributions are deducted out of your pay, and Bounce itself prices €99 per thirty days. However while you’re a freelancer, cash is only one a part of the equation. I can see many freelancers who would love the most effective of each the freelancing and full-time employment worlds. Thus far, the startup has managed to persuade 2,000 freelancers to make the soar.
The startup just lately additionally launched a free providing for freelancers who’re simply getting began. It features a free, skilled checking account with a digital debit card that works with Apple Pay or Google Pay. There are additionally a handful of software program options that can assist you invoice your first purchasers, resembling a built-in invoicing instrument and a dashboard to trace your monetary efficiency.
“It’s just about in keeping with how freelancers work: They typically get began with the essential French freelancer standing, after which change to a different standing after they start to really feel the boundaries of their freelancing standing they usually have sufficient income,” mentioned Nicolas Fayon, Bounce’s co-founder and CEO (pictured above).
Sooner or later, Bounce desires to have the ability to help extra impartial staff, because it now caters to software program builders, knowledge engineers, challenge managers, artistic consultants and sports activities coaches.
For example, it desires to help B2C sellers, resembling “companies that invoice shoppers through Stripe utilizing on-line funds or bodily fee terminals,” Fayon mentioned. Bounce additionally plans to increase to different international locations, beginning with a British umbrella firm for freelancers working within the U.Ok.
