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Fiverr International Ltd.

Type of site

Marketplace
Available inEnglish, Spanish, French, Dutch, Portuguese, Italian, German
Traded asNYSE: FVRR
HeadquartersTel Aviv, Israel
Area servedWorldwide
Founder(s)
  • Micha Kaufman
  • Shai Wininger
Industry
  • Online marketplace
  • Freelance Marketplace
  • Online outsourcing
RevenueIncrease US$298 million (2021)
Employees787 (2021)
URLfiverr.com
CommercialYes
RegistrationRequired
Launched1 February 2010; 13 years ago
Current statusActive
[1]

Fiverr is an Israeli multinational online marketplace for freelance services.[2] Fiverr's platform connects freelancers (sellers) lớn people or businesses looking lớn hire (buyers). Listings on Fiverr are diverse and range from "get a well-designed business card" lớn "help with HTML, JavaScript, CSS, and jQuery". The highest-paying jobs on Fiverr include trang web design, social truyền thông manager, proofreading and copywriting, and resume writing. Fiverr takes its name from the $5 asking price attached lớn all tasks when the company was founded in 2010 in Tel Aviv, though many sellers now charge more.

Freelancers work from a variety of workplaces. The platform is global, with freelancers and businesses spanning an estimated 160 countries. Fiverr went public in 2019. Today it is a multi-billion-dollar global marketplace.[3]

History

Fiverr's former headquarters in Tel Aviv

Fiverr was founded by Micha Kaufman and Shai Wininger. The founders came up with the concept of a marketplace that would provide a two-sided market for people lớn buy and sell a variety of digital services typically offered by freelance contractors. Services offered on the site include writing, translation, graphic design, Clip editing and programming.[4] Fiverr's services start at US$5, and can go up lớn thousands of dollars.[5][6]

In December 2013, Fiverr released their iOS ứng dụng in the Apple App Store,[7] and in March năm trước the company published their Android ứng dụng in the Google Play store.[8]

In October năm ngoái, Amazon.com started legal action against 1,114 Fiverr sellers it claims provide nhái reviews on the US version of its trang web. Fiverr did not dispute Amazon's allegations and stated: "As Amazon noted, we have worked closely together lớn remove services that violate our terms of use, and respond promptly lớn any reports of inappropriate nội dung."[9] Amazon filed suit after an undercover sting.[10]

In November năm ngoái, Fiverr announced that it had raised US$60 million in a Series D round of funding, led by Square Peg Capital.[11] The round brought their total funding lớn date lớn $110 million.[12]

In June 2019, it listed on the NYSE.[13] On February 18, 2021, the company reported $189.5 million in revenue for the 2020 fiscal year, a 77% increase from the previous fiscal year ($107.1 million).[14][15]

Products

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Launched in 2020, Fiverr Business helps teams at larger companies manage their workflows with freelancers and remote workers.[16]

Also in 2020, Fiverr launched Logo Maker, a tool powered by artificial intelligence for designing company logos.[17]

Acquisitions

In 2017, Fiverr acquired Clip creation marketplace VeedMe.[18]

In January 2018, AND.CO, maker of software for freelancers, was acquired by Fiverr. Then CEO Micha Kaufman said at the time that many of AND CO's capabilities, such as invoicing, are "baked into" the Fiverr marketplace, but "the vast majority of freelancing is happening offline"—and Fiverr wants lớn enable those offline relationships. AND.CO was converted into Fiverr Workspace in 2021. [19]

In February 2019, Fiverr acquired premium subscription-based nội dung marketing platform, ClearVoice which was founded in năm trước.[20]

In August 2020, Fiverr acquired SLT Consulting, a boutique digital marketing agency specializing in social truyền thông marketing, tìm kiếm and SEO, as well as brand and nội dung marketing.[21] The agency was founded by Sharon Lee Thony, who built its business using Fiverr.[22]

In February 2021, Fiverr acquired creative talent marketplace Working Not Working.[23]

In October 2021, Fiverr acquired education and training platform CreativeLive.[24]

In November of 2021, Fiverr acquired freelance management platform, Stoke Talent, for $95M.[25]

Criticism

In 2017, Fiverr was criticized for advertisements portraying unhealthy living and excesses in work behaviors as ideals lớn live up lớn.[26] The company has also been criticized for undervaluing freelance labor and pushing down prices.[27][28]

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See also

  • E-lancing
  • Gig worker
  • Freelancer.com
  • Upwork – American freelance marketplace

References

  1. ^ "Fiverr International Ltd. 2021 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. 17 February 2022.
  2. ^ "Freelance Voices: How Global Freelance Platforms Are Supporting Ukrainian Freelancers". Forbes. Retrieved 30 July 2022.
  3. ^ "How lớn Make Money on Fiverr(7 step by step guide lớn start earning with fiverr)". The Laptop Bucks. 17 July 2020. Archived from the original on 24 July 2020. Retrieved 24 July 2020.
  4. ^ Pfeiffer, Eric (3 April 2012). "How Fiverr.com Is Changing the Creative Economy $5 at a Time". Yahoo News Blog. Retrieved 4 March 2012.
  5. ^ Hoover, Lisa. "Fiverr Outsources Your Small Jobs for $5". Lifehacker. Retrieved 8 March 2010.
  6. ^ Pilon, Mary (16 March 2010). "What Will People Do for $5? Fiverr Lets You Find Out". Wall Street Journal. Retrieved 10 April 2011.
  7. ^ Bilton, Ricardo (10 December 2013). "Fiverr launches its first iOS ứng dụng lớn help mobilize the up-and-coming gig economy". Venture Beat. Retrieved 21 April 2014.
  8. ^ Henry, Alan. "Fiverr Brings Its Low-Cost Side-Hustle Marketplace lớn Android". Lifehacker. Retrieved 14 March 2014.
  9. ^ Aisha Gani: Amazon sues 1,000 'fake reviewers', The Guardian 18 October 2015
  10. ^ Demmitt (16 October 2015). "After undercover sting, Amazon files suit against 1,000 Fiverr users over nhái product reviews". geekwire. geekwire.
  11. ^ "Fiverr CEO on Raising $60 Million in Fresh Funding: 'It's a Land Grab Right Now'". TechCrunch. Retrieved 4 October 2021.[permanent dead link]
  12. ^ Kolodny, Lora (11 November 2015). "Fiverr Pockets $60M lớn Become Go-To Freelance Marketplace". Dow Jones & Company. Archived from the original on 4 March 2016. Retrieved 5 December 2015.
  13. ^ "Israels Fiverr Lists on NYSE". Jerusalem Post. Retrieved 3 July 2019.
  14. ^ "Fiverr Announces Fourth Quarter and Full Year 2020 Results". Nasdaq. 18 February 2021. Retrieved 5 September 2021.{{cite web}}: CS1 maint: url-status (link)
  15. ^ "Fiverr Announces Fourth Quarter and Full Year 2019 Results". 19 February 2020. Retrieved 9 October 2020.
  16. ^ Marks, Gene. "Apple Boosts IPad Air Performance By 40%…And Other Small Business Tech News". Forbes. Retrieved 30 July 2022.
  17. ^ Tress, Luke. "Fiverr launches AI-powered automated logo maker". The Times of Israel. Retrieved 30 July 2022.
  18. ^ Tiffany, Kaitlyn (27 June 2017). "Fiverr Launches 'Pro' Tier for Handpicked Freelancers". Techcrunch. Retrieved 17 May 2018. Fiverr has announced its acquisition of Veed.me, a well-established Clip freelancing site useful mainly for businesses looking lớn hire videographers lớn shoot ads locally
  19. ^ Ha, Anthony (24 January 2018). "Fiverr acquires And Co, maker of software for freelancers". Techcrunch. Retrieved 24 January 2018.
  20. ^ Singh, Manish (13 February 2019). "Fiverr acquires nội dung marketing platform ClearVoice". VentureBeat. Retrieved 13 February 2019.
  21. ^ Thony, Sharon Lee (5 August 2020). "Welcome lớn the Next Chapter of SLT Consulting!". SLT Consulting. Retrieved 12 February 2021.
  22. ^ "Fiverr International Ltd". Apps Run The World. 26 October 2020. Retrieved 16 February 2021.
  23. ^ "Fiverr adds creative muscle with the acquisition of Working Not Working". adage.com. 11 February 2021. Retrieved 12 February 2021.
  24. ^ Ben-David, Ricky. "Israel's Fiverr acquires US online learning company lớn offer education, training". The Times of Israel. Retrieved 30 July 2022.
  25. ^ "Fiverr acquires Stoke Talent for $95M, adding freelance management tools for employers lớn its platform". TechCrunch. Retrieved 30 July 2022.[permanent dead link]
  26. ^ Pershan, Caleb (23 March 2017). "Tragic Ads Attempt To Glorify Desperate Hell of Gig Economy". SFist. Archived from the original on 25 March 2017. Retrieved 24 March 2017.
  27. ^ 5 (very, very long) Reasons Why Fiverr is the Worst Place lớn Start Freelancing, and Why We Still Use it Anyway.
  28. ^ Corey Pein (2018). Live Work Work Work Die: A Journey into the Savage Heart of Silicon Valley. Metropolitan Books. ISBN 978-1627794855.

External links

  • Business data for Fiverr: