Mynavi Corporation (Head office: Chiyoda-ku, Tokyo; Representative Director, President and Executive Officer: Yoshiaki Tsuchiya; hereinafter “Mynavi”) has invested in PB INCUBATIONS PTE. LTD. (Head office: Singapore; CEO: Nicolas Antonio Bivero Jaskulski; hereinafter “Penbrothers”), a provider of cross-border managed services.
The Philippines has a population of approximately 110 million people, approximately 92% of whom are English speakers. It also boasts one of the highest university enrollment rates in ASEAN and is known for its high level of education. However, employment is not keeping pace with the nation’s growing population, making it difficult for even the most talented people to find the work they want in the domestic job market.
Meanwhile, demand for business process outsourcing (BPO) is growing in Japan and other developed countries as labor shortages and rising prices make cost reductions necessary. Startup companies, in particular, face numerous personnel affairs-related challenges that come with rapid growth, such as recruitment and labor management problems.
Penbrothers takes advantage of the pool of talent available in the Philippines to provide services to clients in more than 20 countries worldwide. When startups in developed countries face labor shortages, Penbrothers steps in to undertake their management operations with highly skilled human resources hired through employment agency services in the Philippines. Penbrothers provides opportunities for many talented Filipinos to be active in startups around the globe while staying local, thus serving as a gateway to their employment in such settings. Penbrothers also maintains a database of over 20,000 people aspiring to work at startups, allowing it to be a one-stop provider of sourcing, recruiting, hiring, and management services for its clients.
In addition to employment agency services, Penbrothers provides comprehensive support covering all personnel affairs-related issues that startups face, including post-financing recruitment planning, HR education and training, and mental health measures.
Through its investment, Mynavi will help Penbrothers provide growth support to startups around the globe and also contribute to a better working environment in the Philippines.
▼ PB Incubations Pte. Ltd. company outline
Name: PB Incubations Pte. Ltd.
Location: 11 Irving Place, #09-01, Singapore 369551
*Company registration in Singapore with a business base in Manila, Philippines
Representative: Nicolas Antonio Bivero Jaskulski
Establishment: October 18, 2022
Website: https://penbrothers.com/
▼ Mynavi Corporation company outline
Name: Mynavi Corporation
Location: 1-1-1 Hitotsubashi, Chiyoda-ku, Tokyo
Representative: Yoshiaki Tsuchiya, Representative Director, President and Executive Officer
Establishment: August 15, 1973
Website: https://www.mynavi.jp/