Malt Freelancer Market Acquires Comatch Consulting Market

It’s time for consolidation in the freelance industry. French start-up Malt acquires Comatch, a competitive marketplace geared towards consultants and industry experts. Comatch originally started in Germany, which means that with this acquisition, Malt is also doubling down on the German market. Terms of the deal are not being disclosed, but it involves a mix of stock and cash.

Malt started as a marketplace that combined freelance developers, designers, and other technical operators with talent-seeking companies. The start-up raised a lot of money and managed to attract 340,000 freelancers in various European countries.

Originally limited to the French market, malt has expanded to Germany, Spain, Belgium, the Netherlands, and Switzerland in recent years. 40,000 companies turned to Malt to find a freelancer or more freelancers.

Customers include Unilever, Lufthansa, Bosch, BlaBlaCar, L’Oréal and Allianz. As you can see, many large companies used malt at one time.

Malt only focuses on highly skilled freelance work that can fill a gap when a new project arrives. In addition to developers, Malt now offers opportunities for marketing and communication specialists, graphic designers, and more.

Using a platform like Malt can be especially useful if you’re starting as a freelancer and don’t have a large network of potential clients. Maltese also helps you with administrative paperwork. Freelancers can bill their clients directly from Malt and of course, Malt gets a small discount.

As for Comatch, the company follows more or less the same model, but with a specific focus on management consultants and industry experts. So far, Malt hasn’t specifically focused on business advisors. The company is therefore entering a new industry.

“Comatch is a champion of business consulting markets. As a partner company that shares Malt’s ‘community first’ approach and puts our talents at the heart of the product and company for our vision of the future of work, we are excited and excited to share our two worlds of highly skilled freelancers merge,” said Vincent Huguet, co-founder, and CEO of Malt, in a statement.

Malt also wants to become the freelance market in Europe. Comatch has attracted 15,000 freelancers in nine markets and the two companies work together with 80% of the companies listed on the CAC 40 and DAX 40. Comatch offers an exciting opportunity for external growth.

Following this acquisition, Malt has an ambitious goal. By 2024, the company expects to have a turnover of 1 billion euros. And Malt plans to hire an additional 150 employees by the end of 2022.