A statement from the company said its new, free app enabled anyone "to hire highly-skilled freelance coders and reward them with a bounty, not by the hour or by requesting bids from freelancers outbidding each other in a race to the bottom, two models that plague today’s freelance marketplaces".
The man behind Koder is founder and chief executive Elmer Morales, a trailblazer for Latinos in technology and a self-taught coder.
“Coders are the builders of this new era, and we’re unlocking the world’s coding department,” said Morales.
The team at Koder.
Morales, who came to the US from Guatemala aged five, "settled in Los Angeles’ infamous South-Central neighbourhood, where neighbourhood bullies would regularly shake him and his siblings down for their lunch money".
His self-taught skills enabled him to obtain leadership roles in software engineering at Microsoft, American Express and Accenture.
"There he saw coders, including himself, sometimes billed out at $600 per hour, even if they were just attending meetings or reading a specification. Morales also noticed that one or two coders typically did most of the work on behalf of a much larger team and knew there was a better way," the statement said.
“The hourly billing model in software development is broken. It means low-performing coders get paid regardless of what they complete and that’s just plain robbery,” Morales said.
“For top performers, we sometimes solve problems in the shower and that’s not billable time. The bounty model we introduced rewards coders for their problem-solving skills and speed.”
Koder has done work for BMW, Uber, and dozens of start-ups such as BRAVO Pay, a blockchain start-up whose Koder-developed app recently featured on ABC’s Shark Tank in the US.
The Koder Platform is built on blockchain technology and its app is available as a technology preview in the Apple App Store.
Photos: courtesy Koder