STOCK TITAN

With the Financial Services Market Expected to Comprise 31% of the World's Economy, Fiverr Expands Its Finance Category With Nearly Two Dozen Specialty Services

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Fiverr International (NYSE: FVRR) has launched a new Financial Services Vertical to meet the growing demand for specialized financial talent. This expansion includes nearly two dozen new specialty financial services, catering to businesses of all sizes and stages. The move comes as the finance services industry is growing at a 7.7% rate compared to the previous year, with over two-thirds of finance companies already using freelancers to boost productivity.

The new vertical features six core categories: Accounting Services, Tax Consulting, Corporate Finance, Financial Planning and Analysis, Fundraising, and Personal Finance and Wealth Management. It also includes specialized subcategories like Fractional CFOs, Fundraising Consultation, and Financial Modeling. This expansion aims to provide businesses with easy access to experienced freelancers for various financial needs, from day-to-day projects to major growth initiatives.

Fiverr International (NYSE: FVRR) ha lanciato un nuovo Verticale di Servizi Finanziari per soddisfare la crescente domanda di talenti finanziari specializzati. Questa espansione comprende quasi due dozzine di nuovi servizi finanziari specializzati, dedicati a imprese di tutte le dimensioni e fasi. Questa mossa arriva mentre il settore dei servizi finanziari sta crescendo a un tasso del 7,7% rispetto all'anno precedente, con oltre due terzi delle società finanziarie che già utilizzano liberi professionisti per aumentare la produttività.

Il nuovo verticale presenta sei categorie principali: Servizi di Contabilità, Consulenza Fiscale, Finanza Aziendale, Pianificazione e Analisi Finanziaria, Raccolta Fondi e Finanza Personale e Gestione Patrimoniale. Include anche sottocategorie specializzate come CFO frazionari, Consultazione per Raccolta Fondi e Modellazione Finanziaria. Questa espansione mira a fornire alle aziende un facile accesso a liberi professionisti esperti per varie esigenze finanziarie, da progetti quotidiani a iniziative di crescita significative.

Fiverr International (NYSE: FVRR) ha lanzado un nuevo Vertical de Servicios Financieros para satisfacer la creciente demanda de talentos financieros especializados. Esta expansión incluye Casi dos docenas de nuevos servicios financieros especializados, dirigidos a empresas de todos los tamaños y etapas. Este movimiento se produce mientras la industria de servicios financieros está creciendo a un tasa del 7,7% en comparación con el año anterior, con más de dos tercios de las empresas financieras que ya utilizan freelancers para aumentar la productividad.

El nuevo vertical cuenta con seis categorías principales: Servicios Contables, Consultoría Fiscal, Finanza Corporativa, Planificación y Análisis Financiero, Recaudación de Fondos y Finanzas Personales y Gestión del Patrimonio. También incluye subcategorías especializadas como CFOs fraccionarios, Consultoría para Recaudación de Fondos y Modelado Financiero. Esta expansión tiene como objetivo proporcionar a las empresas fácil acceso a freelancers experimentados para diversas necesidades financieras, desde proyectos diarios hasta importantes iniciativas de crecimiento.

Fiverr International (NYSE: FVRR)는 전문 금융 인재에 대한 수요 증가에 대응하기 위해 새로운 금융 서비스 수직을 출시했습니다. 이 확장은 거의 2다스 이상의 새로운 전문 금융 서비스를 포함하며, 모든 규모와 단계의 기업을 대상으로 합니다. 이 움직임은 금융 서비스 산업이 전년 대비 7.7%의 성장률로 성장하고 있으며, 금융 회사의 3분의 2 이상이 이미 생산성 향상을 위해 프리랜서를 사용하고 있습니다.

새로운 수직은 6가지 핵심 카테고리를 제공합니다: 회계 서비스, 세무 상담, 기업 금융, 재무 계획 및 분석, 자금 조달 및 개인 금융 및 자산 관리. 또한 분수 CFO, 자금 조달 상담 및 재무 모델링과 같은 전문 하위 카테고리를 포함합니다. 이 확장은 기업이 일상 프로젝트에서 주요 성장 이니셔티브에 이르기까지 다양한 금융 요구 사항에 적합한 경험이 풍부한 프리랜서에게 쉽게 접근할 수 있도록 하는 것을 목표로 합니다.

Fiverr International (NYSE: FVRR) a lancé un nouveau secteur des services financiers pour répondre à la demande croissante de talents financiers spécialisés. Cette expansion comprend près de deux douzaines de nouveaux services financiers spécialisés, destinés à des entreprises de toutes tailles et étapes. Ce mouvement survient alors que le secteur des services financiers connaît une croissance de 7,7% par rapport à l'année précédente, avec plus de deux tiers des entreprises financières utilisant déjà des freelances pour accroître leur productivité.

Le nouveau secteur comprend six catégories principales : Services de comptabilité, Conseil fiscal, Financement d'entreprise, Planification et analyse financières, Collecte de fonds et Gestion de patrimoine. Il inclut également des sous-catégories spécialisées telles que les CFOs fractionnaires, le conseil en collecte de fonds et la modélisation financière. Cette expansion vise à offrir aux entreprises un accès facile à des freelances expérimentés pour divers besoins financiers, des projets quotidiens aux initiatives de croissance majeures.

Fiverr International (NYSE: FVRR) hat einen neuen Bereich für Finanzdienstleistungen gestartet, um der wachsenden Nachfrage nach spezialisiertem Finanzpersonal gerecht zu werden. Diese Expansion umfasst fast zwei Dutzend neue spezialisierte Finanzdienstleistungen, die Unternehmen aller Größenordnungen und Phasen ansprechen. Dieser Schritt erfolgt, während die Finanzdienstleistungsbranche mit einer Wachstumsrate von 7,7% im Vergleich zum Vorjahr wächst, wobei über Zweidrittel der Finanzunternehmen bereits Freiberufler nutzen, um die Produktivität zu steigern.

Der neue Bereich umfasst sechs Hauptkategorien: Buchhaltungsdienste, Steuerberatung, Unternehmensfinanzierung, Finanzplanung und -analyse, Fundraising sowie persönliche Finanz- und Vermögensverwaltung. Es beinhaltet auch spezialisierte Unterkategorien wie Fractional CFOs, Fundraising-Beratung und Finanzmodellierung. Diese Expansion zielt darauf ab, Unternehmen einen einfachen Zugang zu erfahrenen Freiberuflern für verschiedene finanzielle Bedürfnisse zu bieten, von alltäglichen Projekten bis hin zu wichtigen Wachstumsinitiativen.

Positive
  • Expansion into a growing financial services market, expected to comprise 31% of the world's economy
  • Introduction of nearly two dozen new specialty financial services
  • Tapping into the increasing demand for fractional CFOs and other emerging financial roles
  • Aligning with the 7.7% growth rate in the finance services industry
  • Catering to the needs of businesses at all stages, from startups to established corporations
Negative
  • None.

Fiverr's expansion into financial services is a strategic move capitalizing on the sector's robust growth. With the finance industry expected to comprise 31% of the global economy and growing at 7.7% annually, this expansion positions Fiverr to tap into a significant market opportunity. The introduction of nearly two dozen specialty services, including fractional CFOs and fundraising experts, aligns well with the evolving needs of businesses, particularly startups and SMEs. This move could potentially boost Fiverr's revenue and market share in the gig economy, especially given the increasing trend of businesses leveraging freelancers for financial expertise. However, the success will depend on the quality of talent Fiverr can attract and retain in this competitive sector.

Fiverr's timing for this expansion is noteworthy. The company's 2024 Spring Business Trends Index reveals a surge in demand for fundraising, business planning and economics services among global entrepreneurs. This aligns perfectly with their new offerings, suggesting a data-driven approach to market expansion. The inclusion of fractional CFOs is particularly astute, as these roles have become increasingly vital for startups and small businesses seeking high-level financial expertise without the full-time commitment. By diversifying its service portfolio, Fiverr is not only addressing current market needs but also positioning itself to capitalize on emerging trends in the financial services sector. This could lead to increased platform stickiness and higher-value transactions, potentially improving Fiverr's overall financial performance.

Fiverr's expansion into comprehensive financial services represents a significant pivot from its traditional focus on more generalist freelance services. This move could elevate Fiverr's brand perception, positioning it as a go-to platform for high-value, specialized professional services. The strategy of offering a full spectrum of financial services - from day-to-day accounting to high-level corporate finance - creates a one-stop-shop ecosystem that could attract and retain a more diverse client base. However, Fiverr will need to carefully manage quality control and vetting processes to ensure the credibility of its financial service providers, as errors in this domain can have serious consequences for clients. Additionally, this expansion might put Fiverr in direct competition with established financial consulting firms and specialized platforms, necessitating a strong differentiation strategy to succeed in this crowded market.

From fundraising to corporate finance, Fiverr now provides specialty financial talent and services for any stage of business including asset valuation, financial modeling, and investor sourcing

NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE: FVRR), the company that is changing how the world works together, today announced the launch of its new Financial Services Vertical to reflect the financial industry’s outsized impact on the global economy, meet a growing demand for emerging roles, like fractional CFOs, and to support a new generation of startups and entrepreneurs. With nearly two dozen new specialty financial services available, businesses of all sizes, in every stage of business, now have easy access to experienced freelancers who can tackle any financial work that is integral to a company’s success – ranging from financial modeling and forecasting to fundraising and corporate strategy.

This announcement comes at a critical juncture as the finance services industry is growing at a rate of 7.7% as compared to the previous year. With over two-thirds of finance companies already leveraging freelancers to boost productivity, Fractional CFOs have also become a fixture in businesses around the world, often becoming the first call for the millions of new business owners hoping to start their entrepreneurial journey. Findings from Fiverr’s 2024 Spring Business Trends Index also highlight a boom in demand for fundraising, business planning services, and economics amongst global entrepreneurs, further demonstrating the growing need for experts across the financial spectrum.

“Finance has always been the cornerstone behind every successful business, whether it be an up-and-coming startup or a well-established corporation,” said Yoav Hornung, head of Verticals and Innovation at Fiverr. “Regardless of where they are in their company’s life cycle, businesses can now weave seasoned, agile, and flexible freelance CFOs, accountants, financial analysts, business consultants, and fundraising specialists into their workforce strategy from day-to-day projects to major moments of growth and transformation.”

The new finance vertical will feature six core categories – Accounting Services, Tax Consulting, Corporate Finance, Financial Planning and Analysis, Fundraising, and Personal Finance and Wealth Management. Specialized subcategories, such as Fractional CFOs, Fundraising Consultation, and Financial Modeling, provide a holistic approach to financial management that covers all aspects of business operations, from startup funding and strategic planning to long-term financial health and personal wealth management.

Learn more about Fiverr's financial services and explore the limitless professional talent on the platform here.

About Fiverr
Fiverr’s mission is to change how the world works together. We exist to democratize access to talent and to provide talent with access to opportunities so anyone can grow their business, brand, or dreams. From small businesses to Fortune 500, around 4 million customers worldwide worked with freelance talent on Fiverr in the past year, ensuring their workforces remain flexible, adaptive, and agile. With Fiverr Business Solutions, large companies can find the right talent and tools, tailored to their needs to help them thrive and grow. On Fiverr, you can find over 700 skills, ranging from AI, to programming and 3D design, digital marketing to content creation, from video animation to architecture.

Don’t get left behind - come be a part of the future of work by visiting fiverr.com, read our blog, and follow us on Instagram, and Facebook.

Media Contacts:
Siobhan Aalders
Tommy Lee
press@fiverr.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/106e9edd-a1ef-43e9-973a-a748f1b8899a


FAQ

What new services has Fiverr (FVRR) added to its Financial Services Vertical?

Fiverr has added nearly two dozen new specialty financial services, including Fractional CFOs, Fundraising Consultation, Financial Modeling, and services across Accounting, Tax Consulting, Corporate Finance, Financial Planning and Analysis, and Personal Finance and Wealth Management.

How fast is the finance services industry growing according to Fiverr's (FVRR) announcement?

According to Fiverr's announcement, the finance services industry is growing at a rate of 7.7% compared to the previous year.

What percentage of finance companies are using freelancers, as mentioned in Fiverr's (FVRR) press release?

Fiverr's press release states that over two-thirds (more than 66%) of finance companies are already leveraging freelancers to boost productivity.

What are the six core categories in Fiverr's (FVRR) new Financial Services Vertical?

The six core categories in Fiverr's new Financial Services Vertical are Accounting Services, Tax Consulting, Corporate Finance, Financial Planning and Analysis, Fundraising, and Personal Finance and Wealth Management.

Fiverr International Ltd.

NYSE:FVRR

FVRR Rankings

FVRR Latest News

FVRR Stock Data

895.75M
35.29M
13.83%
51.74%
13.69%
Internet Content & Information
Communication Services
Link
United States of America
Tel Aviv