Fiverr launched Dynamic Matching, an AI tool that improves freelancer hiring by refining project descriptions and ensuring quality matches.
Quiver AI Summary
Fiverr International Ltd. has announced the launch of Dynamic Matching, an AI-assisted tool designed to enhance how businesses find and hire freelancers. This tool helps users create and refine project descriptions, matching them with freelancers who possess the necessary skills. Fiverr emphasizes the importance of the search and matching process on its platform, with a commitment to using AI and expert reviews to improve the user experience. Dynamic Matching allows businesses to receive personalized proposals from qualified freelancers within about an hour. Currently in beta for PRO users, it is expected to launch fully in early 2025. Fiverr aims to meet the growing demand for freelance talent, with data indicating that over 57% of executives plan to increase their reliance on freelancers.
Potential Positives
- Introduction of Dynamic Matching, an AI-assisted tool that enhances the process of finding and hiring freelancers, indicating Fiverr's commitment to innovation.
- The beta launch targeting PRO users suggests a strategy for premium service development, which may attract higher-value customers and increase revenue.
- Research indicating that over 57% of executives plan to increase freelance hiring demonstrates a growing market demand, positioning Fiverr favorably to capitalize on this trend.
- The tool's capability to provide personalized proposals within an hour may significantly improve the user experience, leading to higher customer satisfaction and retention.
Potential Negatives
- Dynamic Matching is currently only in beta for PRO users, which may limit its immediate impact and accessibility for a broader range of customers.
- The press release suggests that the company is heavily reliant on AI for its matching process, which may raise concerns about the quality and personal touch in the freelancer selection process.
- The planned full launch of Dynamic Matching is set for early 2025, indicating a significant wait time for general users to benefit from this new feature.
FAQ
What is Dynamic Matching from Fiverr?
Dynamic Matching is an AI-assisted tool that helps businesses find and hire freelancers by refining project descriptions and matching skills.
How does Fiverr's Dynamic Matching work?
Users describe their project, and the AI recommends freelancers with relevant skills, facilitating custom offers within an hour.
Who can use the Dynamic Matching feature?
Dynamic Matching is currently in beta for PRO users and is expected to launch for all in early 2025.
Why is Dynamic Matching important for businesses?
It helps businesses efficiently connect with qualified freelance talent, addressing the growing demand for flexible workforce solutions.
When will Dynamic Matching be fully available?
Dynamic Matching is currently in beta and will fully launch for all users in early 2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FVRR Hedge Fund Activity
We have seen 65 institutional investors add shares of $FVRR stock to their portfolio, and 125 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP added 1,528,536 shares (+113.1%) to their portfolio in Q3 2024
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To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) --
Fiverr
International Ltd. (NYSE: FVRR), the company changing how the world works together, today released
Dynamic Matching
. The new AI-assisted matching tool transforms how businesses can find and hire freelancers. Simply put, Dynamic Matching helps customers write and refine their project description, inviting accurately matched freelancers to make an offer for the project. Dynamic Matching is supplemented by a team of experts dedicated to reviewing matches to ensure quality and precision.
“Search and match is the bread and butter of the Fiverr platform and marketplace,” said Adi Margolis, VP of Product at Fiverr. “As we continue to use our internal data and customer feedback to evolve and streamline the search process, AI now serves as a critical tool for our team, who will be working in tandem for the first time to provide a much more refined and accurate search experience for our customers.”
How it works:
Tell Us About Your Project.
You can share your project brief if you have one, or write a few sentences about what you need in case you don’t. Fiverr’s AI will help create a detailed project description and help you refine your brief to perfect it.
Find Matching Freelancers.
Dynamic Matching looks for freelancers with the precise skills to meet the project. For PRO customers, the team of experts will provide additional help to refine the best matches.
Get Custom Offers.
Within about an hour, qualified freelancers will send personalized proposals. Customers can also choose to invite other freelancers to submit offers.
Choose Your Freelancer.
Pick the perfect freelancer from the offers, and you'll be ready to begin!
Businesses and freelancers can both choose to opt into using
Dynamic Matching
to search or be found, freelancers can accept or deny project brief invitations for custom offers, and businesses have the flexibility to share as much or as little information as they’d like as well as extend their project brief invitation to talent they want to consider, beyond those who are recommended.
Never before have businesses been in more need of freelance talent. Data compiled by Fiverr shows over 57% of executives across industries like
marketing
,
finance
, and
tech
are planning to increase the number of freelancers they hire this year
1
. Building on Fiverr’s
Summer Product Launch
,
Dynamic Matching
is currently in beta, available to PRO users and will fully launch in early 2025.
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.
Fiverr companies include ClearVoice, CreativeLive, Working Not Working, SLT Consulting and Stoke Talent. 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
Twitter
,
Instagram
, and
Facebook
.
Media Contacts:
Jenny Chang
Tommy Lee
press@fiverr.com
_________________________
1
*Average figure calculated by taking the percentage of respondents who stated that they are seeing an 'Increase' in 'Hiring freelancers / contingent workers' now compared to last year across three samples of
marketing
,
finance
, and
IT executives
in 2024.'
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/bb5c0e79-b04c-40e1-87c0-86d151d0f47f
This article was originally published on Quiver News, read the full story.
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