Multiply (company)

Multiply (company)

A financial services company that has created a platform for freelancers to manage their finances. It is located in London, England and was founded in 2016.

Multiply is a London-based company that uses artificial intelligence to run a platform designed for freelancers with the intention of aiding them in financial planning for situations such as savings, investments, pension, mortgages, and insurance.

Product

The company's product is a downloadable application, which is available for iOS devices. There are various features on the platform such as an emergency fund calculator, which tells users how much money they need to have saved in case of a challenging situation and how to save it. There is also a savings account finder that aids the user in finding the optimal account for his/her emergency fund. Another feature is the pension contribution planner, which gives users information about how much the contribution to their pensions should be based on various incomes.

Multiply uses bank-level encryption as part of its security measures in order to keep users' information safe. The company consults with the Financial Conduct Authority for other security measures within the application.

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Multiply funding round, June 2018
2,300,000
June 2018
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People

Name
Role
LinkedIn

Chee Diep

Employee

Chung-Sung Lau

Employee

Henry Davies

Employee

Jian Choi

Employee

Joe White MBE

Advisor

Matt Wichrowski

Advisor

Michael Orland

Investor

Mike Curtis

Co-Founder and CTO

Rob Collyer

Employee

Rowan Pereira

Employee

Sasha Hossain

Employee

Stephen Einchcomb

Advisor

Toby Moore

Advisor

Vivek Madlani

Co-Founder and CEO

Further reading

Title
Author
Link
Type
Date

New fintech app means everyone can have a personal financial adviser

Amelia Heathman

Web

October 8, 2018

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

References

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