Shares in Matt Barrie’s Freelancer jumped after the Australian labour exchange marketplace launched an API for its secure payments business Escrow.com.
A short time ago, they were up 14.3% to $0.640.
The company says the release of the API means websites, marketplaces, classifieds sites, shopping carts, and mobile apps can enjoy the same protection of Escrow.com.
Escrow.com protects both buyer and seller with all funds transacted kept in trust.
“Escrow.com has spent the last 18 years as the world’s #1 safe and secure option for people looking to buy or sell anything online,” says Barrie.
“Now that same power is available in an easy to use API that can be simply integrated into any business, app or service.”
Freelancer last week announced its third quarter quarterly cash flow numbers, showing cash receipts of $12.5 million, break-even operating cash flow and positive year to date cash flow of $1.4 million.
Freelancer, billed as the world’s largest online freelancing and crowdsourcing platform, in August surpassed 25 million users.