Fastwork
Fastwork is a Southeast Asian online freelance marketplace, headquartered in Bangkok, connecting over 200,000 freelancers with 1.7 million-plus customers across 300-plus service categories in Thailand, Indonesia, and Vietnam.
- Company typePrivate
- Founded2015
- HeadquartersBangkok, Thailand
- Headcount101–250
- GTM typeB2B and B2C
- OfferingDigital Commerce or Content
What Fastwork does
Fastwork is a Southeast Asian online freelance marketplace headquartered in Bangkok, Thailand, founded in 2015. The platform connects businesses and individual customers with freelance service providers across more than 300 service categories, including AI services, digital marketing, graphic design, web and app development, photography and video, legal and consulting, architecture, writing and translation, technician services, tutoring, car rental, and event organization. The company reports a supply base of more than 200,000 freelancers and a customer base exceeding 1.7 million users, with over 150,000 completed projects. Operations span Thailand as the primary market, alongside localized sites for Indonesia (fastwork.id) and Vietnam (fastlance.vn).
The core technology is a multi-sided marketplace accessible via web and dedicated iOS and Android applications, featuring tiered freelancer verification (Freelancer, Specialist, Professional), portfolio and review-based discovery, an Ask AI search/recommendation tool, and a Fastwork Guarantee escrow payment system that releases funds only on client approval of work. Fastwork for Business adds enterprise functionality including multi-business profile management, shared team wallets, document management, and credit terms. Integrations include PromptPay, Thai bank transfers, credit cards, LINE, and Facebook Messenger for chatbot services.
Fastwork monetizes through marketplace commissions on transactions, Fastwork Coin prepaid credits, and For Business subscription features, with service providers setting their own prices across tiers. The go-to-market motion is primarily product-led self-serve via the web and mobile platforms, complemented by direct enterprise sales for the Fastwork for Business tier. Marketing emphasizes organic SEO, paid search and social, content marketing, the Fastwork Expo event series, and customer testimonials from well-known Thai enterprises. The company is privately held and has raised approximately $5.5 million in disclosed funding across rounds between 2016 and 2018, with an undisclosed follow-on from Gobi Partners in January 2022.
Fastwork firmographics
Firmographics- Name
- Fastwork
- Legal name
- Fastwork
- Website
- https://fastwork.co
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Fastwork is a Southeast Asian online freelance marketplace, headquartered in Bangkok, connecting over 200,000 freelancers with 1.7 million-plus customers across 300-plus service categories in Thailand, Indonesia, and Vietnam.
- Ownership category
- akta.pro rank
Where Fastwork is headquartered
LocationHeadquarters
- HQ city
- Bangkok
- HQ country
- Thailand
- HQ region
- Asia
Markets served
Fastwork business model
Business model- GTM type
- B2B and B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Marketing or Sales, Operations, Personnel, Infrastructure
Revenue model
- Marketplace Commission: Fastwork charges a commission fee on each transaction between freelancers and clients. The platform acts as intermediary holding payment until work is completed and approved.
- Fastwork Coin: Platform credits that users purchase to pay for services on the platform
- For Business Subscription: Business tier provides additional features including team dashboards, shared team wallets, and document management. Enterprise tier offers credit terms and consolidated invoicing for large organizations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | AI Services starting price |
| Unit Pricing | Pay-as-you-go | Photography starting price |
| Unit Pricing | Pay-as-you-go | Social Media Ads starting price |
| Unit Pricing | Pay-as-you-go | Accounting Services starting price |
| Unit Pricing | Pay-as-you-go | Video Editing starting price |
| Unit Pricing | Pay-as-you-go | AI Automation starting price |
| Unit Pricing | Pay-as-you-go | Horoscope Services starting price |
| Subscription | Monthly | For Business Features |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
Fastwork product offering
Product offeringCore offering
Fastwork operates an online freelance marketplace platform that connects businesses and individuals with more than 200,000 freelance service providers across 300+ service categories including AI services, marketing, design, web/app development, photography, legal, consulting, and home services. The platform facilitates service discovery, hiring, project execution, and payment through an escrow-based Fastwork Guarantee system, with mobile apps on iOS and Android extending access beyond the web.
Product overview
Fastwork is a comprehensive freelance marketplace platform offering two main products: the core Fastwork marketplace connecting businesses with over 200,000 freelancers across 300+ service categories, and the Fastwork for Business add-on module providing team management, shared wallet, and multi-entity billing features for organizations. The platform covers diverse service categories including AI services (automation, chatbots, design, content), marketing and advertising, design and graphics, web/app development, photography and video, legal and consulting, architecture, writing/translation, technician services, tutoring, car rental, and part-time jobs. The ecosystem includes a mobile app for on-the-go access, a Jobboard for posting opportunities, tiered freelancer verification (Freelancer, Specialist, Professional), and Fastwork Guarantee for payment protection.
Differentiator
Problem solved
Functional benefit
Brands
- Fastwork for Business: Enterprise platform for managing multiple business profiles, team members, billing, and document management
- Fastwork Expo
- Fastwork Jobboard
Quantifiable outcome
- 200,000+ freelancers available for hire
- +3 more outcomes
Companies that use Fastwork
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
Fastwork technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability19 records
Feature4 records
Fastwork partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Jobboard.fastwork.cominorDedicated job board feature within the Fastwork ecosystem for posting project requirements and attracting freelancers.
- PromptPaycoreIntegration with Thailand's PromptPay payment system for convenient fund transfers and wallet top-ups on Fastwork for Business platform.
- Major Thai BankscoreBank transfer integration for team wallet top-ups and payment processing across the Fastwork for Business platform.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Fastwork competitors and assessment
Company assessmentDirect peers
- Upwork: The largest global horizontal freelance marketplace, connecting businesses with independent professionals across technology, creative, marketing, and operations categories — directly comparable to Fastwork's core marketplace model and category breadth.
- Fiverr: Global freelance services marketplace with project-based listings across digital marketing, design, programming, AI, and writing — overlapping with Fastwork's 300+ category horizontal marketplace model and increasingly competing for SEA-based buyers and sellers.
- Freelancer.com: Long-standing global freelance marketplace with significant historical presence in Asia-Pacific, offering contests, project bidding, and full-time hiring — comparable to Fastwork in marketplace mechanics and cross-border contractor workforce.
- Toptal: Curated freelance network for top-tier software developers, designers, finance experts, and product managers — comparable to Fastwork's higher-end Specialist/Professional tiers and enterprise procurement use cases.
- 99designs: Graphic design-focused freelance marketplace with contest and direct-hire models — comparable to Fastwork's Design & Graphics and AI Design service categories and broad SMB buyer base.
- Guru.com: Global freelance marketplace with portfolio-based hiring across programming, design, marketing, and business services — directly comparable in marketplace mechanics, category spread, and SMB-to-mid-market buyer personas.
Regional players
- Sribulancer: Historical Thai-local freelance marketplace operating alongside Fastwork in Thailand with overlap in categories such as design, writing, and web development — relevant as the most direct domestic Thailand-based competitor.
- Workana: Latin America-headquartered freelance marketplace focused on IT, design, and content categories with growing global reach — comparable to Fastwork's horizontal model and SMB buyer profile, though geographically separate.
- PeoplePerHour: UK-based freelance marketplace covering similar categories to Fastwork (design, development, marketing, writing) — comparable in marketplace mechanics and horizontal SMB targeting, with primary geographic footprint outside SEA.
Broad incumbents
- Khazanah OLX / JobStreet (Recruit Group): Major regional job boards and workforce platforms operating across SEA with overlap into contract/freelance hiring — relevant as a broad incumbent that touches enterprise talent sourcing, the same buyer wallet Fastwork for Business targets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Fastwork social profiles
Digital presenceFastwork financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fastwork leadership team
Management profileNumber of profiles
Profiles4 records
Fastwork funding detail
Funding detailFunding overview
Funding rounds4 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fastwork M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fastwork
What does Fastwork do?
Fastwork operates an online freelance marketplace platform that connects businesses and individuals with more than 200,000 freelance service providers across 300+ service categories including AI services, marketing, design, web/app development, photography, legal, consulting, and home services. The platform facilitates service discovery, hiring, project execution, and payment through an escrow-based Fastwork Guarantee system, with mobile apps on iOS and Android extending access beyond the web.
Is Fastwork a public or private company?
Fastwork is a private company. It is classified as venture growth investor backed and is currently operating.
When was Fastwork founded?
Fastwork was founded in 2015. It employs 101 to 250 people.
Where is Fastwork based?
Fastwork is headquartered in Bangkok, Thailand, in the Asia region.
How does Fastwork make money?
Three revenue lines are on record. Marketplace Commission is the primary driver. The others are fastwork Coin and for Business Subscription.
Who are Fastwork's main competitors?
Direct peers on record are Upwork, Fiverr, Freelancer.com, Toptal, 99designs and Guru.com. Regional players are Sribulancer, Workana and PeoplePerHour. Khazanah OLX / JobStreet (Recruit Group) is listed as a broad incumbent.
Does Fastwork have an API?
No public API is recorded for Fastwork.