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About Whop
Industries
Fintech
AI & Machine Learning
Education
Company Size
51-200
Company Stage
Series A
Total Funding
$18M
Headquarters
New York City, New York
Founded
2021
Overview
Whop.com operates in the e-commerce and online trading sector, offering a variety of services such as reselling, trading, sports betting, and educational content. Its platform allows users to engage in sports betting on major leagues like the NFL and NBA, while also providing resources for mastering options trading and building a social media following. Whop.com generates revenue through product sales, membership fees for exclusive communities, and profits from sports betting. A key feature is its private trading Discord, where members receive profitable trade signals. The company distinguishes itself by focusing on customer education and satisfaction, providing high-quality picks and tools without exaggeration. Whop.com's goal is to empower its users with the knowledge and resources needed to succeed in trading and online ventures.
Simplify's Take
What believers are saying
- Whop raised $18 million in Series A funding led by Insight Partners.
- The platform handles over $150M in yearly payments with thousands of active merchants.
- Whop's diverse services cater to a wide range of clientele, from students to professionals.
What critics are saying
- Increased competition from platforms like Bookshop.org could challenge Whop's market share.
- Regulatory scrutiny on sports betting and trading platforms may impact Whop's operations.
- Volatility in cryptocurrency markets poses a risk to Whop's trading services.
What makes Whop unique
- Whop offers a sleek storefront for guerrilla-style sellers on social media.
- The platform integrates AI to enhance trading and customer engagement.
- Whop provides a private trading Discord with profitable trade signals.
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Funding
Total Funding
$18M
Above
Industry Average
Funded Over
2 Rounds
Insight PartnersIndustry standards
Benefits
Health Insurance
Unlimited Paid Time Off
Wellness Program
Paid Vacation
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↑ 8%1 year growth
↑ 1%2 year growth
↑ 11%In a world where eBooks are gaining popularity, traditional bookstores face an uphill battle to stay relevant. While Amazon continues to dominate the digital book market, independent bookstores have struggled to adapt to the shift. But one company is determined to change the narrative. Bookshop.org, an online platform that has long championed local bookstores, is making a bold move to help them thrive in the digital age. By expanding into eBooks, Bookshop.org is providing a much-needed lifeline to independent bookstores, ensuring they can compete and grow alongside the digital revolution
Whop, an online marketplace for digital goods, announced today that it has raised $18 million in a Series A funding round led by Insight Partners.
Whop.com, a New York-based digital product marketplace for small sellers, raised $17M in Series A funding.The round was led by Insight Partners, Zinal Growth, Peter Thiel, Justin Mateen, Justin Kan, The Chainsmokers, Cory Levy, Vivek Ranadive, David Blitzer, Josh Richards, Griffin Johnson (Animal Capital), James Harden, Kevin O’Leary, and Josh Browder.The company intends to use the funds to enhance its product catalog and extend the business toolbox, making investments in AI, payments, and general marketplace infrastructure. Founded in 2021 and led by CEO Steven Schwartz, Whop.com provides a merchant platform for people who are building new products in a variety of verticals including education, ecommerce, gaming, trading, sports picks and more, and are selling guerrilla style on social media and on forums throughout the internet. Whop.com gives them a sleek storefront that can accept payments, deliver digital products, and attract new customers visiting the marketplace. Whop.com currently handles over $100M+ in yearly payments with more than 3,000 sellers.FinSMEs20/07/2023
A look inside Sam and Caroline’s grab-bag of crypto, etc.
Whop is Hiring for 4 Jobs on Simplify!
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About Whop
Industries
Fintech
AI & Machine Learning
Education
Company Size
51-200
Company Stage
Series A
Total Funding
$18M
Headquarters
New York City, New York
Founded
2021
Whop is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today