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What Does Fiverr Mean?

Last updated on September 28, 2022 @ 9:49 pm

Fiverr is a global online marketplace offering tasks and services, beginning at a cost of $5 per job performed, from which it gets its name. The site is primarily used by freelancers who use Fiverr to offer services to customers worldwide.

Founded in 2010, the company is based in Tel Aviv, Israel, and provides a two-sided platform 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.

PRO TIP: Fiverr is a website where people can offer their services for $5. However, many people on Fiverr are not actually qualified to do the work they are offering. This can lead to subpar work or even scams. Be sure to do your research before hiring someone on Fiverr.

Fiverr’s business model is based on charging a commission for each transaction between buyers and sellers. The company makes money by taking a percentage of the total amount of each transaction.

The company has been successful in attracting a large number of users and has been growing rapidly since its launch. In 2012, the company raised $15 million in Series B funding and was valued at $110 million. In 2013, the company raised an additional $30 million in Series C funding.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.