Malt Review 2026
European Freelance Platform [7-10% Commission]
Last updated: April 4, 2026
What is Malt?
Malt is the leading European freelance marketplace, founded in Paris in 2013 (originally as Hopwork, rebranded in 2017) by Vincent Huguet (CEO) and Hugo Lassiège (CTO). The platform connects over 700,000 registered freelancers with 70,000+ client companies — including major European enterprises like Airbus, BNP Paribas, L'Oréal, Schneider Electric, and Société Générale — and has facilitated over €1 billion in cumulative freelancer billings since launch. Malt operates in six European countries: France (its dominant core market), Spain, Germany, Belgium, the Netherlands, and Switzerland. The platform differentiates from US-based competitors like Upwork and Fiverr through a no-bidding model where freelancers set their own daily rates (averaging €400-700/day for tech freelancers in France) and clients browse profiles and reach out directly. This avoids the price undercutting that plagues bid-based platforms. Key EU-specific features include professional liability insurance through AXA partnerships, automated VAT-compliant invoicing, payment protection (Malt acts as intermediary guaranteeing freelancer payment), portage salarial compatibility for French freelancers, standardized contracts compliant with local employment law, and the annual 'Malt Freelance Barometer' published with BCG. The commission structure is 10% on the first project with a new client and 7% on repeat projects — charged to the freelancer, not the client. With approximately €115 million in total funding (including an €80M Series C in 2022 led by Eurazeo and Goldman Sachs Asset Management) and an estimated valuation of €400-500 million, Malt is well-capitalized but still far smaller than global giants like Upwork. The main limitations are heavy concentration in France, limited traction outside Europe, and an enterprise bias that can make it harder for early-career freelancers to gain visibility.
Pros
- Leading European freelance marketplace — 700,000+ freelancers, 70,000+ clients
- Quality enterprise clients (Airbus, BNP Paribas, L'Oréal, Schneider Electric)
- No-bidding model — freelancers set own rates, avoiding race to the bottom
- EU-compliant invoicing, contracts, and professional liability insurance via AXA
- Payment protection — Malt guarantees freelancer payment as intermediary
- Good rates for European freelancers (€400-700/day average for tech in France)
- Well-funded: €115M+ raised, €400-500M valuation
- Loyalty commission discount (7% repeat vs 10% first project)
- Commission decreases from 10% to 5% to 2% based on client relationship tenure
- Acquired Comatch (2022) — added premium management consulting vertical (Malt Strategy)
- Platform crossed €1 billion in cumulative business volume in early 2025
- SAP Fieldglass, Coupa, and Workday integrations — 85+ enterprise procurement system connections
- Works with 80% of CAC-40 and DAX-40 companies post-Comatch acquisition — premium client base
- 700+ employees from 44 nationalities — substantial operational team for a freelance platform
- 'Super Malter' rewards program recognizes and promotes top-performing freelancers
Cons
- Heavily concentrated in France — other markets have significantly fewer opportunities
- Not suitable for freelancers outside Europe or seeking non-EU clients
- 7% commission on repeat clients can feel excessive for established relationships
- Enterprise bias — early-career freelancers struggle to gain traction
- Profile visibility algorithm is opaque — ranking factors unclear
- Dispute resolution reportedly less robust than Upwork's escrow system
- Limited niche categories compared to Upwork/Fiverr (no voiceover, translation, etc.)
- Slow international expansion despite years of stated ambition
- Payment delays are the top complaint — some freelancers report waiting 133+ days for payment
- Comatch acquisition reportedly poorly integrated — described as 'Europe\'s biggest acquisition failure' by critics
- AI disruption threatening traditional freelance categories (graphic design, copywriting, web development)
- DAC7 EU directive (January 2027) will require Malt to report freelancer earnings to tax authorities — increased compliance burden
- No IPO announced despite €400M+ valuation — early investors may face liquidity constraints
- UK market charges 0% commission to freelancers — unsustainable acquisition strategy that may change
Rating Breakdown
Potential for ongoing passive income
Easy to understand and execute
Clear about costs, requirements, and income
Quality of training and community
Worth the investment