Our investment in FastCo – serving Southeast Asia’s 280 million non-executive workers


November 10, 2022

Our investment in FastCo:

serving Southeast Asia's 280 million non-executive workers

Non-executive workers account for more than 70% of Southeast Asia’s workforce. The recent economic disruptions from pandemic recovery, high inflation and a looming global recession are driving massive changes in the workforce. On the demand side, companies increasingly look for ‘on-demand’ staffing arrangements that offer greater flexibility to handle the peaks and troughs of their businesses. On the supply side, non-executive workers seek opportunities for additional and temporary employment that match their skill set. However, ‘on-demand’ staff enjoy few of the benefits of full-time permanent employees with little or no access to financial products such as loans, health or life insurance due to the lack of a consistent income from a single employer.