Around 900,000 jobs were added to the world's largest freelancing and crowdsourcing marketplace Freelancer (ASX: FLN) in the first half, with revenue up 16 per cent at $28.7 million.
Led by its founder Matt Barrie (pictured), the company's gross payment volume (GPV) rose 11 per cent in the period to reach a record of $400 million.
This growth rate range was consistent on both Freelancer.com and Escrow.com, the latter a transaction securing platform used by the likes of BestCarFinder.com, GoDaddy and Shopify.
Escrow.com - acquired for just under $10 million in 2015 - accounts for more than three quarters of the company's GPV but it only contributes around 13.6 per cent of revenue.
FLN also recorded a slight profit of $157,000, compared to a loss of $769,000 in the first half last year.
In a results presentation, FLN noted Freelancer Enterprise had entered master service agreements (MSAs) with major brands in the technology, professional services, defense and healthcare industries.
At the same time, multi-country pilots are reportedly about to commence with global leaders in the cloud, software, computer and telecommunications industries.
Elsewhere in the gig economy, Creative works marketplace Redbubble (ASX: RBL) yesterday reported a 41 per cent spike in revenue in FY19, contributing to the first full-year operating EBITDA profit since ts IPO in May 2016.Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.
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