BLOOVO, a technology company specialising in the provision of AI-powered recruitment solutions, announced the signing of a partnership agreement with CI Capital Holding, the largest investment banking company in Egypt.
Under the agreement, BLOOVO will power CI Capital’s recruitment with its signatory AI-powered Applicant Tracking System (ATS), HYRDD.
The signing comes on the back of BLOOVO’s continued efforts to expand across Egypt, transforming the HR industry with the use of Artificial Intelligence and Machine Learning with unique value proposition. Digital transformation continues to be a cornerstone for many organisations in Egypt as they recognise the importance of AI in improving business processes, including recruitment.
CI Capital, a listed company on the Egyptian Exchange, is a diversified financial services group and Egypt’s leading provider of investment banking, leasing, and microfinance products and services. Through its headquarters in Cairo and presence in New York and Dubai, the company offers a wide range of financial solutions to a diversified client base that include global and regional institutions and family offices, large corporates, SMEs, and high net worth and individual investors.
Through the deployment of HYRRD, CI Capital will be able to utilise artificial intelligence to screen and shortlist candidates for job vacancies, equip hiring teams with tools and resources to streamline their recruitment process and eliminate inefficiencies that hinders growth. This makes CI Capital one of Egypt’s earliest adopters of AI-powered recruitment technology innovation,
Dr Ahmad Khamis, Co-Founder and CEO, BLOOVO, said: “This partnership comes at a time when Egypt’s digital transformation soars as more firms recognise the importance of AI in improving the way firms run their business processes.”
Karim Aboulnasr, VP of Business Development, BLOOVO Egypt, said: “Putting the right person in the right place is at the core of our recruitment solutions. For large firms like CI Capital, deploying HYRDD with its advanced machine learning and smart algorithms, allows them to streamline their recruitment process and eliminate inefficiencies.”
Founded in 2015, BLOOVO rapidly grew in the MENA region leveraging Artificial Intelligence and Machine Learning in its talent acquisition technology solutions. To date, its solutions have been utilised by more than 3,500 organisations from the GCC including official government authorities in KSA and the UAE.
Many of these organisations use HYRRD, a full-fledged applicant tracking system (ATS) powered by AI launched in 2019. HYRRD has developed as an ideal solution, covering the full spectrum of hiring, from manpower planning all the way to onboarding.
