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Fiverr serves to allow listing and applying for small one-off jobs, or gigs, online. Jobs listed on the platform are diverse and range from "get a well-designed business card" to "help with HTML, JavaScript, CSS, and jQuery".[2] Fiverr is a company built on the model of listing temporary work positions. Freelancers work in a variety of workplaces, ranging from home to office.[3] Fiverr serves as e-commerce platform to freelancers and companies to sell their services by using their gigs. The pricing of Gigs depends on how much a seller earns per completed task.
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 to buy and sell a variety of digital services typically offered by freelance contractors. Services offered on the site include writing, translation, graphic design, video editing and programming.[5] Each service offered is called a "gig". Fiverr's services start at US$5, and can go up to thousands of dollars with gig extras.[6]
The website was launched in February 2010 and by 2012 was hosting over 1.3 million gigs.[7]
In December 2013, Fiverr released their iOS app in the Apple App Store,[8] and in March 2014 the company published their Android app in the Google Play store.[9]
In October 2015, Amazon.com started legal action against 1,114 Fiverr sellers it claims provide fake reviews on the US version of its website. Fiverr did not dispute Amazon's allegations and stated: "As Amazon noted, we have worked closely together to remove services that violate our terms of use, and respond promptly to any reports of inappropriate content."[10] Amazon filed suit after an undercover sting.[11]
In November 2015, Fiverr announced that it had raised US$60 million in a Series D round of funding, led by Square Peg Capital.[12] The round brought their total funding to date to $110 million.[13]
In June 2019, it listed on NYSE.[14] 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).
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