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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, providing a variety of services such as reselling, trading, sports betting, and educational content. Users can engage in sports betting on major leagues like the NFL and NBA, and access exclusive communities through membership fees. Whop.com also offers a marketplace for various products and premium software tools designed to help customers save money. The platform uses artificial intelligence to enhance trading experiences and provides a private Discord channel for sharing profitable trade signals. Unlike many competitors, Whop.com emphasizes transparency and quality, focusing on delivering reliable picks and educational resources without exaggeration. The company's goal is to empower its users with knowledge and tools to succeed in trading and online ventures.
Simplify's Take
What believers are saying
- Raised $18M in Series A funding to enhance product catalog and infrastructure.
- Iman Gadzhi joins as co-owner, boosting digital business and content-driven growth.
- Expansion into digital collectibles and NFTs attracts new customer base.
What critics are saying
- Increased competition from platforms like Bookshop.org could challenge market share.
- Reliance on social media exposes Whop to algorithm changes impacting sales.
- Expansion into sports betting involves regulatory risks affecting legality and profitability.
What makes Whop unique
- Whop offers a sleek storefront for guerrilla-style sellers on social media.
- The platform integrates AI to enhance trading and e-commerce experiences.
- Whop provides a diverse range of services, including sports betting and social media marketing.
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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
↑ 6%1 year growth
↑ 4%2 year growth
↑ 6%Iman Gadzhi joins Whop as a co-owner, bringing his expertise in digital business, online education, and content-driven growth.
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 6 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 6 Jobs on Simplify!
Find jobs on Simplify and start your career today