Toptal

Toptal is an online freelance marketplace that launched in 2010 and initially focused on connecting freelance software developers and engineers with corporate clients. Known for its stringent vetting process, Toptal claims it provides users with the top 3% of talent in the world. Toptal’s applicants go through multiple rounds of assessments including language and personality tests, skill review, live screening, and a test project. 

In 2015, the company reported the average size of its engagements at approximately USD 40,000, which is one of the highest among our disruptors. This can be attributed to its initial  specialization in software and web development verticals. In 2015, Toptal added a second vertical, Toptal Designers, to its platform, and acquired Skillbridge in 2016 to expand to a third offering in the area of finance. CEO Taso Du Val has announced the intent to further expand Toptal’s verticals to include legal and writing among others.

As of November 2020, Toptal claimed to have a professional network of more than 10,000 serving more than 1,000 clients across 100 countries (as of June 2021). As of 2018, it reportedly had around USD 200 million in annual revenue.

In June 2021, Toptal filed a lawsuit in the Supreme Court of New York against Andela and its employees. Toptal accuses Andela of cloning its business model. Adding another twist to the plot is the fact that Andela’s employees previously worked at Toptal. Andela’s employees were accused of violating confidentiality, non-compete, and non-solicitation agreements with Toptal. Furthermore, it accused Andela of poaching its platform talent, clients, and top personnel.