An angel investor in HR tech shares why the co-founder relationship at MyBasePay stands out.
A Co-Founder Story Unlike Any Other
Written by Jon Younger, a leading voice in the future of work and an angel investor in HR technology, this piece highlights the unique co-founder dynamic at the heart of myBasePay.
The relationship between co-founders Cesar Jimenez and Jahn Karsybaev is one of complementary strengths and shared vision. Cesar, a Navy veteran with deep expertise in the staffing industry, brings operational discipline, compliance knowledge, and an unwavering commitment to the contingent workforce. Jahn, who grew up in Kazakhstan and went on to study at Harvard, brings a technologist's perspective on solving complex problems at scale.
Different Backgrounds, One Mission
Their different backgrounds are precisely what makes the partnership work. Cesar's years in the staffing trenches gave him firsthand insight into the pain points that staffing firms and contingent workers face daily: compliance headaches, payroll delays, and a lack of transparency. Jahn's technology expertise provided the blueprint for a platform that could solve those problems elegantly and at scale.
Together, they built myBasePay with a bold vision: taking on full compliance and funding responsibilities for staffing companies, allowing those firms to focus entirely on sourcing talent and growing their businesses. It is a model that removes the operational burden from staffing firms and places it squarely on a purpose-built platform designed to handle it.
Backed by Significant Investment
The strength of the co-founder relationship and the clarity of the business model attracted significant investment. BMI Financial Group pledged up to $60 million in funding to fuel myBasePay's growth, with the capital split between payroll funding and technology and AI development.
"When we invest, we invest in great people first and great ideas second. The combination of Cesar's operational expertise and Jahn's technical vision gave us confidence that myBasePay could become a transformational force in the staffing industry." — Andrew Sierra, BMI Financial Group