Multipl logo — Don't Just Save. Invest To Spend

Multipl

Don't Just Save. Invest To Spend

Founded 2020 India Bengaluru, India 48 employees Seed Total: $123.00M Financial Services, Payments

General Information

Company Name Multipl
Founded Year 2020
Location India Bengaluru, India +1
Employees 48
Industries Financial Services, Payments
Funding Stage Seed
Social

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About Multipl

Multipl is a financial services startup based in India that aims to revolutionize spending and investing with its innovative approach. The company's slogan "Don't Just Save. Invest To Spend" encapsulates its ethos of enabling individuals to make the most of their money. Multipl has introduced the concept of Spendvesting, where users can automatically invest a portion of their monthly expenditures to pay for upcoming purchases at a reduced cost. This pioneering approach has attracted significant attention and backing, evident from its recent $3.00M Seed Round investment led by Blume Ventures, growX ventures, IIFL Finance, and Kotak Securities. Multipl's value proposition lies in its ability to facilitate investment returns alongside brand contributions150+ brand partners, including reputed names such as MakeMyTrip, Flipkart, and Amazon, ensuring a wide array of options for users to allocate their investments. Furthermore, the involvement of seasoned investors, including Kunal Shah, YourStory Media, and other angel investors, underscores the confidence in Multipl's innovative model. With its subsidiary, Multipl Wealth Management, being a SEBI Registered Investment Adviser, the startup emphasizes delivering risk-adjusted returns through personalized investments, further consolidating its position as a trailblazer in the industry. Moreover, its deliberate focus on transparency and tailored advisory sets it apart from traditional financial services providers. The company's commitment to inclusivity is reflected in its team, comprising passionate individuals from diverse backgrounds, working collectively to drive the #MultiplMovement. As a testament to its ambition, Multipl has managed to create a distinct niche for itself in a relatively short time since its inception in 2020. The startup's first-of-its-kind app has resonated with a wide audience, indicating its potential to transform the financial habits of generations X, Y, and Z in India and beyond.

Taxonomy: Investing app, Spendvesting, Investment management, Financial planning, Brand partnerships, Wealth management, Personal finance, Funds, Investment advisory, Goal-based investing, Reward program, Tech startup, SEBI Registered, Indian startup

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 2
Investor
•••• ••••
17 Jul 2024
Seed Round •••••• 4
Investor Investor
•••• ••••
10 May 2022

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FAQ About Multipl

Don't Just Save. Invest To Spend
Multipl was founded in 2020.
Multipl is headquartered in Bengaluru, India.
Multipl operates in the following industries: Financial Services, Payments.
Multipl has approximately 48 employees.
Multipl has completed 2 funding rounds, raising a total of $123.00M. The latest funding stage is Seed.
Top alternatives and competitors to Multipl include Wealthyhood, Teji Mandi, First Global, Fennel, Airo Malaysia. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Multipl and Wealthyhood are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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