Tribely Company

Tribely Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Tribely was founded in 2017 as a community recruitment platform aimed at connecting members of professional communities with potential employers. It was originally known as Joo Bilix before rebranding to Tribely. The platform was designed to enhance the recruitment process by leveraging community engagement and providing data analytics to both employers and job seekers.

Parent Company/Ownership Structure

Tribely operated as an independent company and was formerly backed by an accelerator/incubator program. However, as of late 2022, the company was presumed inactive and has since ceased operations, indicating that it is out of business.

Headquarters Location

The company was headquartered in Tel Aviv-Yafo, Israel, specifically located at Yohanan Horkanos Street 31.

Global Business Scope

Tribely primarily focused on the Israeli market but aimed to connect professional communities and employers on a broader scale. The platform's design allowed for potential expansion into other markets, leveraging digital events and recruitment data.

Main Regulatory Bodies

As Tribely was primarily a tech startup in the recruitment space, it was subject to local business regulations in Israel. Given its operational focus, it likely fell under the purview of regulatory bodies overseeing technology and employment practices in Israel.

2. Company History and Development

Key Milestones

• 2017: Tribely was founded, initially operating under the name Joo Bilix.
• 2019: The company raised an undisclosed amount during its pre-seed funding round from Iconyc Labs.
• 2021: The company reached a significant point in its development but faced challenges that ultimately led to its closure.

Business Expansion Journey

Tribely aimed to expand its reach by developing a platform that utilized community engagement for recruitment. The company sought to transform traditional hiring processes through digital events and recruitment analytics, positioning itself as a modern solution for job seekers and employers alike.

Customer Base Growth

While specific customer base growth statistics are not available, the intention behind Tribelys platform was to create a robust network for job seekers and recruiters, thereby enhancing community-driven recruitment.

Platform Development History

Tribelys platform was designed to capture recruitment data, enabling actionable insights for employers and candidates. The technology aimed to streamline the hiring process through community engagement and data analysis, although it ultimately did not sustain operational viability.

Important Awards or Recognitions Received

There is limited information regarding any awards or recognitions received by Tribely during its operational period, reflecting its relatively short lifespan in the competitive recruitment tech market.

3. Trading Services Offered

Forex Trading Options

Tribely did not offer forex trading services, as its primary focus was on recruitment and connecting job seekers with employers. The platform was centered around community engagement rather than financial trading.

Stock Trading Options

Similar to forex, Tribely did not provide stock trading options. Its services were tailored to recruitment rather than financial markets.

CFD Trading Products

Tribely did not engage in offering Contracts for Difference (CFDs) or any trading products, as its business model was strictly recruitment-focused.

Other Financial Instruments

Tribely did not deal with financial instruments such as cryptocurrencies or commodities. The companys focus remained solely on the recruitment industry.

Special Services or Unique Advantages

Tribelys unique advantage lay in its community-driven approach to recruitment, allowing employers to engage with potential candidates through digital events and data analytics. This innovative model aimed to provide a more interactive and insightful hiring process.

4. Regulatory and Legal Background

Detailed Regulatory Information

Tribely operated under the regulatory framework applicable to tech startups in Israel. Specific regulatory bodies that may have overseen its operations include:

• The Israeli Securities Authority (ISA)
• The Ministry of Economy and Industry
• Local municipal regulations governing business operations

Legal Entity Structure by Region

Tribely was registered as a private company in Israel, focusing its operations within the local market. There are no indications that it expanded its legal entity structure beyond Israel.

Client Fund Protection Measures

As a recruitment platform, Tribely did not handle client funds in the manner that a financial services provider would. Therefore, traditional client fund protection measures applicable to financial services were not relevant.

Countries/Regions Served

Tribely primarily served the Israeli market, with aspirations for broader engagement within professional communities. However, it did not achieve significant international expansion before ceasing operations.

Compliance History

Tribelys compliance history is not extensively documented, but as a tech startup, it would have been expected to adhere to local business regulations and data protection laws.

5. Competitive Landscape

3-5 Main Competitors

Tribely faced competition from various companies in the recruitment tech space, including:

• LinkedIn: A leading professional networking platform that connects job seekers with employers.
• Indeed: A job search engine that aggregates listings from multiple sources.
• Glassdoor: A platform offering job listings and company reviews, providing insights into company culture and salaries.

Positioning in the Industry

Tribely aimed to position itself as a community-centric recruitment platform, differentiating itself from traditional job boards by focusing on the engagement of professional communities.

Market Differentiation Factors

The key differentiators for Tribely included its emphasis on community interaction, the integration of data analytics in recruitment, and the facilitation of digital hiring events. However, the company struggled to sustain its operations in a competitive market.

Conclusion

Tribely emerged as a promising player in the recruitment technology sector with its community-driven platform. Despite its innovative approach, the company ultimately faced challenges that led to its closure in late 2022. While it did not offer financial trading services, its focus on recruitment highlighted the potential for community engagement in the hiring process. As the recruitment landscape continues to evolve, Tribely's journey serves as a reminder of the challenges faced by startups in a competitive environment.

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