Multiplier is a global employment platform headquartered in Singapore, primarily engaged in facilitating international workforce management through a cloud-based payroll and compliance system. The company was founded in 2020 by Amritpal Singh, Sagar Khatri, and Vamsi Krishna. To date, Multiplier has raised around $77.2 million in funding across three rounds from investors like Peak XV Partners, Tiger Global Management, and Surge. With its current valuation pegged at approximately $400 million, Multiplier has distinguished itself as a frontrunner in the HRTech industry, focusing on simplifying cross-border employment practices.
| Attribute | Information |
|---|---|
| Founding Date | 2020 |
| Headquarters | Singapore |
| Founders | Amritpal Singh, Sagar Khatri, Vamsi Krishna |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Peak XV Partners, Tiger Global Management, Surge |
| Industry | HR Technology |
| Number of Employees | 501-1000 |
Multiplier was founded at a time when businesses were rapidly adapting to remote work models and seeking efficient ways to manage diverse workforces spread across different geographies. The company's foundation coincided with the COVID-19 pandemic, which saw a surge in the demand for remote employment solutions. Initially, Multiplier focused on creating a user-friendly platform that handled comprehensive payroll processing, including compliance with local labor laws globally. Within a year, Multiplier's solutions had been adopted by hundreds of companies, aiding them in circumventing the complexities of international hiring processes.
Multiplier's business model centers around offering Employer of Record (EOR) services and payroll management, enabling firms to hire, onboard, and compensate employees internationally without establishing local entities. The platform facilitates seamless compliance with varying local employment laws and practices, alleviating the legal and administrative burden on businesses.
Multiplier currently stands as a pivotal player in the international HR solutions sector, catering to small and medium-sized enterprises as well as large multinational corporations. The company is renowned for its capability to streamline complex HR processes across different markets, providing strategic advantages over traditional HR operations. While detailed market share specifics are not disclosed, Multiplier's ongoing strategic initiatives include leveraging AI to enhance operational efficiency and a pronounced focus on expanding global reach.
Multiplier's influence in the HRTech industry is significant, offering unparalleled solutions that address the complexities of global employment. By integrating advanced technology with a deep understanding of local labor markets, Multiplier has crafted a formidable position as an industry leader. Looking forward, the company's commitment to expanding its services and technological capabilities promises continued growth and innovation in the realm of global employment solutions.