Rimuut

Rimuut transforms freelancers into micro-companies
Startup name
Rimuut
Web address
Founding date
November 2017
Incorporation
Yes
Total team member
5
Startup stage
Paying users
Category
Software
Sector
Financial & payment services
Product usage or interact
Desktop
City
Tallinn, Harjumaa, Estonia

Elevator pitch

Rimuut is one of the earliest startups in the rapidly-growing $4 trillion worth freelance economy that has developed an innovative commercial model to provide unique services such as invoicing, payment and contracting for freelancers and help them function as companies.

Team

Mert Bulut

Deutsche Schule Istanbul 09' BSc Management Engineering, ITU 13' MSc Programming, Goldsmiths 14'

Esen Bulut

Uskudar American Academy 03' Boston College, Finance & Economy 07'

Business model

Target customer

Freelancers & Corporates with high volume freelance utilization

Customer acquisition strategy

Performance marketing via high quality video adsSEO and content marketing on top freelancing topicsSEM via AdwordsCorporate dealsCommunity deals (affiliate models)Promotion campaigns

Revenue model

Rimuut works by commission from each invoicing and payment transaction. Also there will soon be a premium membership (yearly subscription) option which will allow freelancers to work with lower commission rates and to use other premium features.

Market info

Market size

$ 4,000,000,000,000

Competitors

Competition

Upwork could be named as our main competitor since it also invoices clients on behalf of freelancers. Upwork's main focus is to match freelancers with demand in the online market whereas Rimuut, focusing on providing invoicing and payment solutions to freelancers in the offline market where more than %75 of transactions take place.

Startup traction

-

Publication date: 14 June 2018