Freelancer Limited
FLN.AX
Australian Securities Exchange0.11
AUD
+0.01
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Freelancer Limited
FLN.AX
(Australian Securities Exchange)
Recent
price
0.11
P/E
ratio
- -
div
yld
- -
ROIC.AI
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FRC
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in mil. unless spec.- Similar Companies
- Business
- Freelancer Limited operates as an Australian-based online freelancing and crowdsourcing marketplace, connecting over 72 million registered users globally across more than 247 countries, regions, and territories. The company provides a platform where employers can post projects and hire freelancers for a wide range of services including software development; writing; data entry; design; engineering; scientific research; sales and marketing; accounting; and legal services. Freelancer Limited operates primarily through two segments: the Online Marketplace, which facilitates the matching of freelancers and clients, and Online Payment services, which encompasses secure transaction management under its Escrow.com brand. The company also owns Loadshift, a heavy haulage freight marketplace, and Freightlancer, a global freight marketplace, extending its operations into logistics. Founded in 2009 and headquartered in Sydney, Australia, Freelancer Limited is publicly traded on the Australian Securities Exchange (ASX: FLN). Its service offerings have expanded considerably through strategic acquisitions including Escrow.com in 2015, the Brazilian Prolancer and Spanish Nubelo platforms in 2016, and Loadshift in 2021. Recently, in 2024, Freelancer undertook a notable acquisition of the STA group, a European leader in freelancers' wage portage and consultant connections, thereby enhancing its service portfolio especially in the IT skills domain. The company has rapidly integrated AI technology into its marketplace, substantially improving productivity, skill liquidity, and client retention rates through personalized and specialized AI tools targeted at freelancers. Freelancer’s 2024 financial performance reflected strong momentum in customer acquisition with an 18.6% year-on-year increase in new client deposits late in the year, supported by a 24.4% to 60.7% rise in supply liquidity and a 29.3% growth in average project size, driven by a higher mix of AI-related and premium projects. This strategic AI integration is central to Freelancer’s positioning as a leader in the evolving gig economy, emphasizing enhanced freelancer productivity and quality outputs. Overall revenue for 2024 was approximately $53.1 million, with the company forecasting continued growth driven by the mainstream adoption of AI technologies and an expanding market for AI customization services among small businesses, Freelancer’s dominant customer base. The company maintains a comprehensive global presence with offices in locations including Vancouver, London, Buenos Aires, Manila, and Jakarta. Freelancer Limited leverages its vast user base and diversified service offerings to support a broad spectrum of industries and project types, from website development and graphic design to aerospace engineering and astrophysics. Its continuous expansion through acquisitions and technological innovation positions Freelancer as a prominent player in the global freelancing and crowdsourcing market.