Buoyed by the pandemic, freelancer marketplace Fiverr launches subscription platform for businesses

While 2020 may be one of the most challenging years for business in recent history, some companies are emerging from the crisis smelling of roses. A little more than a year after going public on the New York Stock Exchange (NYSE), freelancer marketplace Fiverr is launching a new platform aimed at helping larger businesses manage and collaborate around freelancer-powered projects.

The Israeli company’s shares began a rapid ascent right around the time the world went into lockdown, growing to more than $124 million today — nearly six times their value in mid-March. This also correlated with Fiverr’s vital stats, which saw its “active buyers” grow 12% from April to June, compared to a typical quarter-on-quarter (QoQ) rise that sits closer to 5%. Moreover, Fiverr’s revenue jumped 38% to $47.1 million, culminating in the company finally becoming profitable for the first time — a full year ahead of its previous estimates.

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