Multiplier, the Singapore-headquartered professional employment organisation (PEO), has managed to raise US$4 million in funding, led by Sequoia Capital India’s Surge. The startup founded in 2020, provides integrated solutions that facilitate cross-border hiring even while reducing compliance-related costs. It is allowing organisations to access quality talent across the world, especially Asia.
In addition to various angel investors, the funding round saw participation from Golden Gate Ventures, MS&AD Ventures and Picus Capital.
The platform — founded by Amritpal Singh, Sagar Khatri and Vamsi Krishna — shortens the conventional hiring process of talent from other countries, which otherwise would take several months, down to minutes. And the best part is that all compliance-related issues are taken care of without incurring too much cost. Therefore, organisations from anywhere in the world can access talent from anywhere, especially quality talent from Asian countries. Providing a legal employment infrastructure in more than than a 100 countries, the platform automates payroll, payments, compliance and HR workflow.
Sagar Khatri, co-founder, Multiplier, believes “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.”
The startup will use the fresh capital to increase its presence in the region and add more features to the platform. By transitioning to the Multiplier platform, businesses are able to scale across the APAC region and access a wider talent pool, while saving time and costs.