Fivesquid was one of the best freelance marketplaces I’ve used — it ran along similar lines to Fiverr. Some of you may have heard of it, or even worked on it at some point.
On August 18, 2022, an email from [email protected] landed in my inbox announcing that Fivesquid was shutting down. Terry Koutsios, the managing director, wrote with deep regret that he had decided to close down fivesquid.com along with the associated company. According to the email, the business could no longer continue trading due to ongoing financial losses.
The company no longer had any employees, so general inquiries couldn’t be addressed. There were no remaining funds or assets, which meant there was no possibility of any returns being issued to creditors.
The website was expected to be taken offline within 48 hours, and an application for the company’s dissolution was to follow shortly after.
Terry took the opportunity to thank everyone who had supported the platform over the years.
You can read the Reddit community discussion about Fivesquid’s closure here.
