Here’s what Freelancer’s semi-annual report and CEO Matt Barrie had to say about first half 2020 progress:“1H20 Freelancer revenue all-time record of $25.7m, up 4% on pcp and excluding enterprise service revenue was up 11% on pcp to $24.5m (primarily due to completion of Arrow major work) – Revenue growth year on year by month (excluding enterprise engineering services) has climbed monotonically in US dollars from January.
June 2020 revenue on June 2019 revenue was up 20% in US dollars and 21% in Australian dollars.“For Enterprise: – In 1H20 we signed MSAs and/or SOWs with major companies in the professional services, FMCG, chemicals and robotics industries. – Joint winner of US$25M NASA Open Innovation Solutions 2 tender. – Began pilots with global healthcare, energy, consumer staples and telecommunications companies. – Successful pilot with a $11B chemicals company have led to global expansion plans, with on-boarding its Singapore region as a starting point and five countries to target in ultimate roll-out. – Multi-country field services pilot with US computer company rolls out to second country (>1000 projects) out of thirteen.”
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The front-end improvements continue to deliver wins and the focus is on collaborative tooling, useability improvements, the new mobile experience, managed services, API expansion, design overhaul and enterprise offerings in coming quarters.”
A strong indication of growth for freelancing overall, and Freelancer.com in particular, is offered by
Deloitte’sNishita Henry, Chief Innovation Officer, describing Freelancer.com’s partnership with Deloitte through the “My Gigs Platform” initiative:
"We accelerated the launch of the MyGigs Platform, a self-service short-term staffing app connecting our internal talent pool to open project opportunities, in an effort to create the #1 remote talent experience. Since March 2020, the number of gig workers has more than doubled to a total of 16,800 and the number of job posts has increased by 10x for a total of 100k hours.
As we begin to navigate the “new normal,” we will focus on on-boarding another 35,000 internal resources and drive to delivering 20% of all projects through this platform. MyGigs is changing the way we deliver work on our projects to our firm, our clients, and our society!"
https://www.forbes.com/sites/jonyou...upwork-fiverr-and-freelancercom/#1c3884582af5market cap:
Fiverr: USD$3.97B
Upwork: USD$1.7B
FLN: USD$0.186B
