Faber Technologies Inc.

Faber Technologies Inc. is a technology-driven platform that connects construction companies with skilled laborers, facilitating an efficient hiring process through streamlined communication and management tools. Faber Technologies Inc. was founded in 2016 in Vancouver, Canada.

The company provides a platform that connects construction firms with skilled labor. It has successfully completed one deal, raising USD 0. 2 million in VENTURE DEBT funding from Right Side Capital Management in June 2017. The firm is led by CEO Sebastian Jacob, who has a history of founding other companies.

Faber Connect primarily offers a technology-driven platform designed to streamline the process of connecting construction companies with skilled laborers. The core service allows users to specify their workforce needs by selecting the type of skilled workers required, along with the tools and job descriptions. Once a job is posted, applicants can respond quickly, often within minutes, facilitating an efficient matchmaking process. The platform manages critical aspects of the employment process, including worker and liability insurance, payment processing, and invoicing.

Faber's client base includes construction companies and contractors across various geographical markets, including the United States and Canada. By focusing on transparency and accountability, Faber aims to enhance the quality of labor available to its customers, ultimately addressing the common challenges faced in sourcing reliable construction workers. Faber Connect's revenue model is primarily based on transactional fees associated with the hiring of skilled labor through its platform. When a construction company engages workers via the platform, Faber manages not only the recruitment but also the administration of payments and invoicing, integrating multiple financial transactions into a single streamlined process.

The platform provides flexibility in pricing, allowing companies to pay based on the specific needs of their projects, which can vary with the type of worker hired and the duration of employment. This transactional structure supports direct engagements between construction firms and laborers, as well as potential partnerships with various stakeholders in the construction industry. By offering a comprehensive solution that includes both the hiring and management of workers, Faber establishes itself as a vital intermediary in the construction labor market. Faber Technologies Inc.

aims to enhance its platform by developing new products that target specific workforce needs in the construction industry. The company plans to expand into additional geographic markets beyond its current presence in the United States and Canada, with efforts focused on regions like Europe and Asia by the end of 2024. The recent funding of USD 0. 2 million raised in June 2017 will be utilized to support the development of these new products and the strategic expansion into the targeted markets.