Fiverr International Ltd. (FVRR) CEO Micha Kaufman Presents at JPMorgan's 50th Annual Global Technology, Media and Communications Conference (Transcript)

Start Time: 09:20 January 1, 0000 9:57 AM ET

Fiverr International Ltd. (NYSE:FVRR)
JPMorgan's 50th Annual Global Technology, Media and Communications Conference
May 23, 2022, 09:20 AM ET

Company Participants

Micha Kaufman - Co-Founder and CEO
Ofer Katz - President and CFO

Conference Call Participants

Douglas Anmuth - JPMorgan

Douglas Anmuth

All right, great. We're going to go ahead and get started. I'm Doug Anmuth, JPMorgan's Internet analyst. We're pleased to have with us Fiverr Co-Founder and CEO, Micha Kaufman; and CFO, Ofer Katz.

So Fiverr's mission is to revolutionize how the world works together. The Fiverr platform connects small businesses and the Fortune 500 with skilled freelancers offering digital services in more than 550 categories. In the past 12 months, more than 4 million customers bought a wide range of services from freelancers working in more than 160 countries.

Micha is a serial entrepreneur who has founded and led several tech ventures and he's been Fiverr's CEO since the beginning 12 years ago. Ofer has served as a full time CFO since 2017 and a consulting CFO to the company since 2011. And he was previously acting CFO at Wix.

So welcome, Micha and Ofer.

Micha Kaufman

Thank you. Good morning.

Douglas Anmuth

All right. So maybe just to start off, a little bit high level, can you talk about how the pandemic has changed how the world works together and kind of how that's played out on the Fiverr platform?

Micha Kaufman

Sure. So if there's anything that the pandemic has done is really to accelerate trends that have been existing beforehand. So freelancing has been growing pretty massively since 2010 when it was probably in the high 20s in percentage out of the workforce in the U.S. And it's now 40% something. By 2030, 50% of the American workforce are going to be freelancers, which