If you are a freelancer, you need to know about Malt. Malt, formerly HopWork, is a platform that connects companies and the self-employed. In 2018 Forbes Malt was one of the “120 French startups that will shape the economy of tomorrow” alongside Happn, Qonto and Molotov.tv.
A few years later, the startup lists more than 250,000 freelancers on its platform and will generate more than 200 million euros in 2020. This meteoric rise comes as no surprise when we focus on the freelance market in France and around the world. In France alone this market amounts to 42 billion euros, and at European level more than 355 billion euros. Unsurprisingly, the US continues to lead the way with a market of $ 654 billion.
Malt to conquer the world
Today Malt is trying to stand out from the tough competition with a fundraising of 80 million euros under the leadership of the duo Goldman Sachs Growth Equity and Eurazeo. This duo who ran the last Back Market funding a few weeks ago.
Thanks to this financing round, Malt wants to conquer and conquer new markets. In an interview with FrenchWeb, Vincent Huguet, co-founder and CEO of Malt, explains: “There are platform models where the price is determined. The worker does not choose what the service, the customer and the price will be. Then there is a model like ours that affects talent economy workers. They are more like white collar people who will work with companies. These are B-to-B services from very ‘high level’ intellectual services. These are people who charge up to 400, 500, up to 1000 euros or more per day and who determine the price and, above all, have the choice of missions ”.
Malt not only welcomes hundreds of thousands of freelancers, but also has many customers, more than 30,000 companies, including 36 from the CAC40.
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