Flow Capital Announces Loan Buyout of Wirkn Investment
TORONTO, June 19, 2024 – Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, is pleased to announce that its portfolio company Wirkn has been acquired by JobGet, the fastest-growing app-first hiring platform for hourly workers across the US and Canada.
Wirkn offers a recruiting software that combines an applicant tracking system (ATS) with a mobile-first design, simplifying hiring for over 17,000 malls, restaurants, and retailers across North America. This acquisition combines Wirkn’s manager-friendly system with JobGet’s AI capabilities and strong market presence, improving connections between hourly businesses and job seekers.
“We extend our congratulations to the entire Wirkn team, and we are excited about their future prospects when integrated into the JobGet platform and network,” said Alex Baluta, CEO of Flow Capital. “We are also thrilled to now be shareholders of JobGet, and we look forward to their continued success.”
Flow Capital invites growing companies seeking flexible, founder-friendly growth capital to apply for funding directly on their website at www.flowcap.com/apply.
About JobGet
JobGet is the app for hiring Everyday Workers. JobGet connects over 70 million everyday job seekers across the US and Canada with more than 100,000 employers such as Avis, Whole Foods, and Lovesac. The platform facilitates quick, quality hires across various industries—from retail and restaurants to manufacturing and healthcare, delivering talent to organizations at any scale.
About Flow Capital
Flow Capital Corp. is a Canadian based, publicly listed venture debt lender. Since 2018, we have financed high growth companies in the US, the UK, and Canada. We help companies speed their growth without the dilutive effect of an equity issue or the difficulties associated with traditional lenders, such as banks. We specialize in revenue generating VC sponsored and founder owned businesses seeking $3 to $7 million in capital to fund continued growth. To learn more about us, visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
[email protected]
47 Colborne Street, Suite 303,
Toronto, Ontario M5E 1P8
Forward-Looking Information and Statements
Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
