Fiverr International Ltd Strengths, Domain Expertise, and Key Differentiators
Fiverr is an online marketplace for freelance services. Fiverr has a unique and expansive catalog with over 400 categories of productized service listings. Each Gig has a clearly defined scope, duration and price, along with buyer-generated reviews. Using either the search or navigation tools, buyers can easily find and purchase productized services, such as logo design, video creation and editing, website development and blog writing, with prices ranging from $5 to thousands of dollars. Fiverr call this the Service-as-a-Product ("SaaP") model. Fiverr approach fundamentally transforms the traditional freelancer staffing model into an e-commerce-like experience. Fiserv proprietary machine learning algorithms, together with their dataset on profiling, transaction and user behavior, which rapidly grows with increasing buyer and seller engagement, enable us to personalize our user experience, improve quality and provide a more robust ecosystem. In the year ended December 31, 2019, Fiverr platform enabled $401.0 million of GMV from 2.4 million active buyers.
Fiverr International Ltd Recent Developments
Fiverr just recently reached over 400 categories for its online catalogue of services across eight verticals. In addition, it announced the beta test of Fiverr Busiensses excpected to launch later in 2020.
In February 2020, Fiverr put AI to work for its community with the development of a logomaker, populated by unique logos from some of its most talented creative designers.
Through COVID-19 it has been supporting its community through its SMBhelp site, through the Freelancers union and with microgrants to help small businesses get on their feet.
Fiverr International Ltd Mergers and acquisitions (M&A) Activities
In July 2020 Fiverr acquired SLT Consulting a digital marketing agency that had built its business using Fiverr.
In February 2019, Fiverr acquired ClearVoice, subscription-based content marketing platform located in Phoenix, Arizona. Adding ClearVoice to the Fiverr portfolio is another way to ensure that professionals and larger businesses alike can conveniently and consistently access freelance talent for whatever they need, whenever they need it. Currently, content marketing-related services are among the most in-demand services on Fiverr, with content creation being one of the highest grossing verticals on Fiverr Pro, which is Fiverr’s top tier of freelancers. Fiverr intends to continue operating ClearVoice as a stand-alone subsidiary.
Fiverr International Ltd Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Fiverr International Ltd applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Fiverr International Ltd and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Fiverr customers.
Fiverr International Ltd Overview
Ownership: - NYSE: FVRR
Number of Employees: 419
Functional Market: Contingent Labor Management, Learning and Development,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
Fiverr International Ltd Key Cloud and HCM Applications
Fiverr
Fiverr International Ltd HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2018 | 2019 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Fiverr International Ltd Revenue Breakdown by Type:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Fiverr International Ltd HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % | 2019 HCM Revenues, By Sub-Functional Markets, $M | |
Fiverr International Ltd HCM Applications Revenues By Verticals, $M:
Fiverr International Ltd Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2019 Total Revenues, $M | 2019 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Fiverr International Ltd Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Fiverr International Ltd Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Fiverr International Ltd Customers
No. of Fiverr International Ltd Customers: x
No. of Fiverr International Ltd HCM Applications Customers: x
No. of Fiverr International Ltd Cloud HCM Customers: x
No. of Fiverr International Ltd Cloud HCM Subscribers: x
During the twelve months ended June 30, 2020, Fiverr served 2.8 million active buyers from over 160 countries across the globe.
Fiverr International Ltd Market Opportunities, M&A and Geo Expansions
Fiverr experienced increased volatility in March as the impact of COVID-19 intensified globally, but it was able to quickly rebound and resume growth within a few weeks. Since then, Fiverr business has continued to gain momentum across all cohorts, all verticals and in the United States and other countries. The global shelter-in-place restrictions have triggered businesses to invest more into their online presence and individuals to spend more time online, both of which provided tailwinds for Fiverr.
Fiverr run a horizontal marketplace with over 300 categories of productized service listings. Fiverr revenue is well diversified across these categories with no single category accounting for more than 15% of core platform revenue. The impact of COVID-19 has pushed certain verticals and categories to be more active than others, although all verticals have rebounded from volatility in March and resumed growth. Categories related to e-commerce, website development, gaming and gaming development, social media tools and online lessons become more popular, while categories such as local SEO or resume writing declined modestly as advertising spend and hiring spend slows for businesses.
Fiverr International Ltd Risks and Challenges
COVID-19, could severely affect Fiverr business, results of operations and financial condition due to impacts on its buyer and seller base and consumer spending more broadly, as well as impacts from remote work arrangements, actions taken to contain the disease or treat its impact and the speed and extent of the recovery. Fiverr have incurred operating losses in the past, but has achieved profitability and expects to remain profitable through the year. On the other hand, Fiverr face competition from a number of online and offline platforms and competitors that offer freelance services as part of their broader services portfolio including UpWork and Freelencer.
Fiverr International Ltd Ecosystem, Partners, Resellers and SI
Fiverr have build one of the largest networks of buyers and freelancers in the world, generating a powerful network effect. As Fiverr buyers complete more transactions successfully, they bring referrals. As Fiverr buyer community grows and its seller support functions deepen, more freelancers with high value skills are attracted to Fiverr platform. Fueled by the growth of its seller base and the related expansion of talent breadth and depth, Fiverr is able to expand its ever growing catalog of Gigs, further accelerating value proposition to buyers and thus creating a strong growth flywheel.
In April 2020, Fiverr expanded its international footprint and launched its global marketplace in two new languages, French and Spanish. This followed the success of the company’s foray into the German language in February. International expansion continues to be a key growth strategy for Fiverr, and the potential to unlock further opportunities in the European market is huge. Combined, France and Spain have over six million small businesses and an estimated 25 million independent workers. It has since launched sites in Dutch and Italian.
Fiverr International Ltd Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Fiverr International Ltd Public Cloud and Infrastructure (IaaS)
- Fiverr International Ltd Platform (PaaS)
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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