Jump seeks to eliminate wage-bearing friction

Jump seeks to eliminate wage-bearing friction

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By Philip Guerrier | The | Payroll Outsourcing

The startup Jump wants to make it easier for independent work by aligning itself with employee benefits. Attractive subscription price. The model was analyzed by CEO Nicholas Vaillon.

The three founders of Jump: Thibault Coulon (COO), Nicolas Fayon (CEO) and Maxime Bouchet (CRO) - © DR
The three founders of Jump: Thibault Coulon (COO), Nicolas Fayon (CEO) and Maxime Bouchet (CRO) – © DR

It is an interesting model to follow that was dug into a furrow pay wages.

under the brand jumpstartup Freelancer Launchpad SAS offers 4 million independent workers listed in France:

  • Social Security coverage is similar to that of employees Thanks to laws adapted to suit porter wages or activity co-operatives,
  • Management fee at a fixed monthly rate For all self-employed (79€/month). This is without taking a commission on the trading volume achieved through the activity (a traditional system in the wage transfer sector).

Since marketing the show began in September 2021, 500 independent workers have joined the Jump Show, which has generated a turnover of 3 million euros.

Fundraising: First Draft to Jump

In November 2021, Jump raised €4 million from:
• Index Ventures investment fund,
• 16 business angels including Nicholas Brusson (Blablacar), Hanno Renner (Personio), Thibaud Elsier (eFounders) and Laurent Ritter (Voodoo).

Jump’s workforce has grown from 4 to 30 people in eight months. It is expected to triple by the end of 2022.

Organizing self-employment … with a permanent contract

“We have completely digitized the transfer of wages, resulting in a fixed monthly subscription for all self-employed workers, regardless of the sector of activity except for regulated liberal professions”Nicholas Vayon, CEO of Jump explains.

“Freelancers have a permanent contract like employees and retain their freedom: choose their work organization and billing level, accept or not tasks, select their clients,” continued.

Jump wants to expand the transfer concept to all self-employed workers, including the 100,000 subsidized employees already in France.

We are targeting:

  • Employees who wish to leave their jobs to become self-employed,
  • Already established freelancers,
  • Workers who have SASU and EURL.

“The range of goals is wide: small business owners, platform workers, real estate professionals like those at IAD [au statut d’agent commercial immobilier indépendant]…except for regulated professions. »

Standalone Mode: Double Entry for Jump

“Depending on the freelancer’s profile, we will redirect them to either:

• Towards a wage transfer structure,
• Towards a collaborative structure we own.

“These structures are overseen by the parent company of Jump (Freelancer Launchpad SAS). That is why we present ourselves as a great employer adapting the profiles of the self-employed. Respecting the applicable legislation and securing the activities of the self-employed,” says Nicholas Vaillon.

Global coverage for freelancers

Jump offer contains several components “To make life easier for the self-employed” :

  • Administrative Department (including the permanent employment contract and the resulting salary receipt),
  • unemployment and retirement,
  • loan (help in creating files with banks),
  • social protection,
  • professional expense deduction,
  • Mutual insurance and provident fund.

Jump is working with partners to expand its offering of support services for the self-employed, including:

  • right Now (health insurance),
  • AXA group (emphasis),
  • Barley Cream Cream, Talent.io (self-employed platforms),
  • simple (exercise).

jumping against ‘vague’ pay

According to the Jump assessment, in France there are:

  • 600 salaried port companies,
  • 150 cooperative societies.

They are not our direct competitors. In 2022, we want to be the logical choice for freelancers. We are trying to remove the friction that freelancers face in this market so that they can hold this position for life.”says Nicholas Vayon.

Traditionally, the transfer of wages is associated with the commission system based on the turnover rate.

“It is an expensive small business and has often suffered from an obfuscation in the processing of payroll. It was constrained by its own ambitions.recalls Nicholas Vaillon.

“Transparency is one of the advantages of Jump. We approached Orsaf to secure our project. We are calm because we are part of an existing legal framework that we literally respect. But some vertical processes like VTC or real estate are built around earning wages or independence. Jump represents a mixture of both. We want to show To public authorities, there are other avenues that freelancers can explore and get more tax refunds and less fraud.”

Leap inspired by Froen’s report

• Jump agrees with the conclusions of the report “Regulating Digital Work Platforms” co-written by Jean-Yves Frouen, former president of the Social Chamber of the Court of Cassation, and submitted to the government on 12/2/2020.

• In particular, it recommends generalizing the use of a third party to pay the wages of platform workers, allowing them to access the public social security system, unemployment insurance, and all rights and benefits associated with employment.

“We are the disciples of Jean-Yves Freuin. The publication of the report and the development of JAMP’s activities shaped the planetary alignment, notes Nicholas Vaillon.

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