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Fiverr shares have grown up to 90% on the initial day of trading

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Fiverr shares have grown up to 90% on the initial day of trading

Fiverr is a freelance marketplace who had a very satisfying day on the initial round of trading.

The company sets the price of its IPO at $21 per share. This was set at last night. The fund raised around $111 million. After that, the price started trading at $26. The share is growing for the whole day and then it is shutting down at $39.90. It is almost 90% of the price of IPO.

Fiverr is one of the most famous companies which has the facility of gig-economy. When they decided to share their plans to the public, they stated that they have almost done 50 million transactions. All the transactions were done between 830000 freelancers and 5.5 million buyers.

Right now, investors have wished to bet for the company. But they are losing too much money. They have come up with a loss of $36.1 million, which was generated on the revenue of $75.5. This was the record of the year 2018. The founder and CEO of the company named Micha Kaufman have shared a view where the company’s EBITDA is shrinking.

“Kaufman has shared that We are on the path to profitability,” and he also added that “That’s the balance we’re trying to keep — focusing on growth while building a business that would be profitable in the long term.”

Paris is socialist and traveler. He is the Senior Writer at Patty360. He likes to purchase the latest gadget in the market and writes about tech as well as gadgets. He looks after the editing work of the whole blog. To get in touch with Lenny for news reports he has published you can email him on paris@patty360.com or reach him out in social media links given below.

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The United Kingdom challenger bank Monzo raised funding of 113 million pounds

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The United Kingdom challenger bank Monzo raised funding of 113 million pounds

Monzo, which is the fastest growing bank of the United Kingdom has been successfully able to raise 113 million pounds in their additional funding. According to the scoop from the TechCrunch, in the month of April, the series F round of funding for Monza was led by Y Combinator’s growth field. People have been given their money and the valuation of the company rose to 2.5 billion from 2 billion post-funding.

Some of the parties which participated in this round of investment were Orange Digital Ventures, Accel, Thrive, Goodwater, Passion Capital, Stripe, General Catalyst, and Latitude.

Latitude, which is a London based company has been part of this investment round. It can also be said that YC’s continuity considering that Monzo. According to a spokesperson of the company:

“Monzo’s new funding round and YC’s backing should be viewed within the context of not only fast growth and increasingly convincing product-market fit in the U.K. — the challenger bank is currently adding 200,000 new sign-ups for its current account each month — but also recently unveiled plans to tentatively launch across the pond.”

It was reported here about five months back that the company was rearranging its team and recruiting a new team so that they can expand their business. The company has plans that they will soon be releasing a United States Monzo application which is connected to Master debit card which is available with in-person signups.

The company has been launching itself in the United States of America with the help of a local bank. The company will soon be applying for the United States Bank License once they have settled down.

In a side note, there were a lot of encounters about the signs which are all London Based which include fintechs which might have layered under the pond. They will also have a smart assistant, which will be called Cleo. Cleo will be helping all the customers to make sure that that they do not face any kind of problem during their time of banking.

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Apply To Compete In Start-up Battlefield For A Shot At TC Fame And Fortune

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Apply To Compete In Start-up Battlefield For A Shot At TC Fame And Fortune

Have you ever thought what difference a $100,000 cash infusion would bring to your start-up? Instead of imagining, you should apply to start-up battlefield at Disrupt San Francisco on October 2-4.

The premier pitch competition has already managed to launch hundreds of start-ups successfully. This not only attracted massive media attention but it also offers a $100k prize, equity free. But the deadline expires on 25th June at 11:59 pm. So if you are interested, you should not miss this chance at TC fame and fortune. You need to fill out an application form I order to get started today.

Any kind of start-up from any country is eligible to enter this program. Also, it doesn’t take anything to apply for it. TechCrunch doesn’t charge any fees or equity.

You have got a whole bunch of expert TechCrunch editors to give you advice. All the participating teams will receive extensive coaching from the experts. This will help you to get prepared for your 6-minute pitch that you are going to deliver on the main stage. Not just that, but you will also feel confident to give a live demo to a panel of top VC and tech judges.

TechCrunch is expecting more than 10,000 attendees for their big Disrupt SF event. This will include thousands of spectators and big media houses, tech influencers and investors. These are the people who could give your start-up the boost that it needs. The event will also be streamed internationally to get the world’s attention.

Start-up Battlefield also has its own community comprising of 857 companies. Your start-up will become a part of an excellent group including Fitbit, Dropbox, get Around, Mint, Burb and more. The alumni have collectively raised $8.9 billion and also generated 110 successful IPOs or acquisitions.

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Discussion With Niantic CEO John Hanke On The Launch Of Harry Potter: Wizards Unite

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Lots of Venmo transactions scraped in warning over the privacy settings

It is been only three years when Pokemon Go was launched. People went crazy over the game so much so that you could trace players almost everywhere on the roads.

The rising popularity of the game took the company Niantic to great heights. The company had started out as a small experimental lab under Google. It was an attempt made by Google to stop John Hanke, the founder of Niantic to part ways and start his own thing. With the launch of Pokemon Go, the team reduced dramatically and then increased rapidly, all while managing Go’s server from buckling under demand.

After long, Niantic is back with a new title Harry Potter: Wizards Unite. The game is built in collaboration with WB games. The concept of the game is location and real-world based.

Just before the game’s UK/US launch, John Hanke had a word with Greg Kumparak. They had a short discussion about the game. How they prepared for the games’ launch, how Niantic’s partnership going on with WB games and other important topics covered the chat session.

John Hanke stated that they had other projects they could work on but Pokemon GO came in early so they got started with it. He also added that Harry Potter is one project that was there from the beginning. They were thinking of doing the project for a long time. Finally, they are able to give it shape.

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