Multiplier raises US$4 million as it helps organisations manage distributed teams around the world and access top talent globally
Multiplier is pioneering technology that makes it easier than ever for companies to hire global talent, while reducing compliance costs for cross-border employment
--News Direct--
Multiplier, the platform which helps companies to hire and pay their international-based teams seamlessly, today announced US$4 million in funding led by Sequoia Capital India’s Surge, with participation from co-investors Golden Gate Ventures, MS&AD Ventures, Picus Capital and angel investors.
Founded in 2020, Multiplier is a new-age platform that provides integrated solutions enabling companies to hire talent from anywhere in the world, efficiently, with all compliance processes adhered to. As companies move towards borderless and remote teams amidst a changed HR landscape in the wake of COVID-19, Multiplier is making cross-border employment pain-free, and at lower costs. Countries experiencing a talent crunch now have the opportunity to access talent from anywhere in the world.
The traditional hiring process for companies to employ talent from another country can take up to several months, as companies often have to set up local entities to facilitate the process. With Multiplier, companies can expand their team internationally within a matter of minutes. Beyond streamlining the hiring process, Multiplier also provides an automated HR workflow, compliance, payroll and payments solutions all rolled into one integrated platform, and provides the legal employment infrastructure in over 100 countries.
“International hiring is broken, and existing solutions are expensive, opaque and slow. We believe that talent is everywhere, and our vision is to enable companies to hire the best person for the job, regardless of their location. We have grown exponentially since the launch, which is testament to the demand from companies—both large and small—for a simplified, international employment solution. With this round of funding, we’re looking to double down on our presence in the region and bring more features to our customers via the Multiplier Platform,” said Multiplier Co-founder and CEO Sagar Khatri.
“Access to quality talent is the backbone of any company’s strong growth, and Multiplier is set to be a game-changer in the global talent landscape. We used to avoid interviewing potential candidates in other markets and going through complicated legal procedures to secure our new hires. Transitioning to the Multiplier platform has been critical to scaling our business across the APAC region, as we have a wider network of talent to hire from and have saved valuable time and costs by improving our HR processes,” added Catherine Teo, Regional Operations Manager of Fusion Worldwide.
Multiplier was founded by Amritpal Singh, Sagar Khatri and Vamsi Krishna. Amritpal graduated from the London School of Economics (LSE), while Vamsi and Sagar are Indian Institute of Technology Bombay (IIT Bombay) graduates. Vamsi was an early hire at Funding Societies, and Sagar most recently served as the VP of Corporate Development at Hmlet.
Multiplier is part of Surge’s fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals work, live and learn better in a rapidly evolving Southeast Asian landscape.
About Multiplier
Founded in Singapore in 2020, Multiplier is a global employment platform that makes it easy for companies to employ teams internationally. Its proprietary technology simplifies the employment process by managing the complexities of local compliance, labour contracts, payroll, benefits and taxes. The company currently operates across Asia Pacific and key Western markets. For further information, visit www.usemultiplier.com
About Surge
Surge is Sequoia Capital India’s rapid scale-up program for startups in India and Southeast Asia. Surge combines $1 million to $2 million of seed capital with company-building workshops, a global curriculum and support from a community of exceptional mentors and founders. The program’s goal is to supercharge early-stage startups and give founders an unfair advantage, right out of the gate. For more information on Surge, visit www.surgeahead.com
Contact Details
Multiplier
Bilal Mahmood
+44 7714 007257
b.mahmood@stockwoodstrategy.com
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