The employment platform building the rails for companies to hire, pay and manage teams in 150+ countries - no local entity required.
Three founders started Multiplier in Singapore in 2020 with a grievance they knew personally. Sagar Khatri, Amritpal Singh and Vamsi Krishna had each left home to reach the work they wanted - Khatri and Krishna are IIT Bombay graduates, Singh studied at the London School of Economics. The friction of moving across borders for a job became the problem they set out to erase for everyone else.
Multiplier is a global employment platform. In plain terms, it lets a company in one country legally employ someone in another without setting up a local subsidiary. It acts as the Employer of Record - the legal employer on paper - while the client directs the day-to-day work. Contracts, payroll, benefits, tax and local labor compliance all run through one dashboard.
The pitch sounds administrative because it is. Employing a person in Germany, Brazil or the Philippines normally means lawyers, entities and months of setup. Multiplier compresses that into a compliant onboarding measured in about 24 hours. That speed, not a flashy feature, is the product.
The company calls its wider ambition "The Global Exchange for Work" - infrastructure where countries, companies and talent transact compliantly across borders. It is a large frame for what is, at heart, a disciplined operations business: run the paperwork correctly, in every jurisdiction, every month.
Figures are drawn from public reporting and third-party databases and are approximate.
Multiplier bundles the pieces of cross-border employment that companies usually stitch together from separate vendors - and, deliberately, sits beside an existing HRIS rather than trying to replace it.
Multiplier becomes the legal employer in 150+ countries through 100+ owned entities, so most markets skip a third-party partner chain. Standard hires onboard in ~24 hours.
Multi-currency payroll across 120+ currencies with automated tax calculations and statutory deductions, run from a single calendar.
Contractors and full-time staff share one dashboard from about $40 per contractor per month, with a Contractor of Record option that absorbs misclassification risk.
Employee records, time off, expenses and payslips in one place - built to complement, not overwrite, the systems companies already run.
US Professional Employer Organization services delivered through a TriNet partnership, putting domestic and global HR under one vendor.
Cross-border payment rails powered by Navro - one dashboard, invoice and payroll calendar for every market.
"Infrastructure where countries, companies and talent transact compliantly across borders."- Multiplier, on its mission as The Global Exchange for Work
Multiplier's users are startups, scale-ups and mid-market companies that want to hire remote and international talent without the cost of standing up entities abroad. Finance and people teams lean on it to consolidate what would otherwise be a patchwork of local payroll providers, law firms and benefits brokers.
The problem it removes is concrete: employing someone in a country where you have no legal presence is slow, expensive and easy to get wrong - and getting it wrong means fines, back-taxes or worker misclassification claims. Multiplier takes on that legal exposure as the employer of record.
Many EOR providers rent local partners to employ workers on their behalf. Multiplier runs 100+ of its own legal entities with in-house legal, payroll and HR teams. That is slower and more expensive to build, but it means direct accountability rather than a queue behind a partner.
It also shows up in price. Multiplier reports charging 2-3% on foreign-exchange conversions where some rivals charge 5-6% - across a distributed payroll, that gap compounds.
| Provider | Model | Approx. EOR price | Positioning |
|---|---|---|---|
| Multiplier | 100+ owned entities | ~$400 / emp / mo | Mid-market value, lower FX margin |
| Deel | Entities + partners | ~$599 / emp / mo | Broadest brand, deep integrations |
| Remote | Owned entities | Transparent flat pricing | Owned-entity purity, IP protection |
| Oyster / Papaya / G-P | Mixed | Varies | Enterprise and analytics focus |
Pricing is indicative, drawn from public comparison reviews (2026) and varies by country and contract.
Multiplier raised roughly $4M pre-launch, backed by Sequoia Capital India (now Peak XV). A Series A followed in 2021. The defining round came in March 2022: a $60M Series B led by Peak XV Partners and Tiger Global, reportedly valuing the company around $400M within about two years of founding.
Total raised to date: ~$77.2M.
Khatri, Singh and Krishna launch Multiplier and raise a ~$4M seed round pre-launch.
Global payroll and contractor management capabilities broaden.
Peak XV and Tiger Global lead the round; reported ~$400M valuation.
Adds US employment services; reports ~$55.7M ARR.
No-entity compliant payroll across ten European markets.
Cross-border payment rails powered by Navro unify payments per market.
IIT Bombay graduate, previously VP of Corporate Development at Hmlet. Named to Forbes 30 Under 30. Leads the company from New York and Singapore.
Studied at the London School of Economics; former external audit consultant at KPMG London. Brings the compliance and finance rigor the model depends on.
IIT Bombay graduate and former head of product at Funding Societies, Southeast Asia's largest digital financing platform.
Global Payroll Payments launches on Navro-powered rails - one dashboard, invoice and payroll calendar for every market.
Non-Resident Employer Payroll covers ten European markets including Germany, France and the Netherlands.
TriNet partnership adds US PEO, consolidating domestic and global HR with a single vendor.
It lets companies hire, onboard, pay and manage full-time employees and contractors in 150+ countries without opening local entities, handling compliance, contracts, payroll, benefits and tax through one platform.
Multiplier was founded in 2020 in Singapore by Sagar Khatri (CEO), Amritpal Singh and Vamsi Krishna.
Multiplier operates 100+ of its own legal entities for direct EOR, prices EOR around $400 per employee per month, and charges a lower FX margin (2-3%) than several rivals, positioning itself as mid-market-friendly infrastructure.
About $77.2M total, including a $60M Series B in 2022 led by Peak XV Partners and Tiger Global, at a reported ~$400M valuation.
Standard international hires can be onboarded compliantly in about 24 hours.