Yepstr AB

Yepstr AB is a Swedish company that operates a mobile application connecting families with local youth for various household support services, addressing job scarcity and assisting with caregiving and tutoring needs. Yepstr AB, founded in 2015, is headquartered in Stockholm, Sweden. The company specializes in connecting families with local youth for household support services. The founder, Jacob Rudbäck, has a history of entrepreneurship, contributing to Yepstr’s vision.

The company has successfully raised a total of SEK 10 million in funding through three deals, the most recent being in May 2019, with investors including Schibsted Growth and Beijerinvest. Yepstr primarily offers a mobile application that connects families with local youth for household support services. The app facilitates hiring young individuals for tasks such as babysitting, tutoring, dog-walking, and gardening, helping to address both job scarcity for youth and the need for reliable assistance among adults. The platform is accessible on Google Play and the App Store, catering to users throughout Sweden, without geographical restrictions on services offered within the country.

In the most recent year, Yepstr reported a revenue of SEK 3,563,428. 70 with an EBITDA of SEK -52,561. 80. The company generates revenue through a transaction-based model, charging an average of 120 SEK per hour for babysitting and gardening services, and 240 SEK per hour for tutoring, factoring in tax deductions.

Payment processes are streamlined within the app, which manages RUT deductions for services that qualify for tax relief, promoting ease of use for families and service providers alike. Yepstr plans to leverage its recent funding of SEK 10 million raised in May 2019 to enhance its platform and develop new features aimed at improving user experience. The company is exploring opportunities to expand into new markets, specifically targeting other Nordic countries by 2025. These initiatives are expected to facilitate broader access to its services, thereby increasing its user base and operational capacity.