About Multiply
Multiply is a company based in London (United Kingdom) founded in 2016 by Mike Curtis and Vivek Madlani.. Multiply has raised $2.34 million across 1 funding round from investors including Octopus Ventures, Entrepreneur First and Nicholas Walter Hungerford. Multiply offers products and services including Advice Engine, Client Portal, Adviser Portal, Risk Engine, and Doc Generation. Multiply operates in a competitive market with competitors including Moneyfarm, A J Bell, The Openwork Partnership, Y TREE and My Pension Expert, among others.
- Headquarter London, United Kingdom
- Founders Mike Curtis, Vivek Madlani
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Multiply Ai Limited
- Date of Incorporation 09 Nov, 2016
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.34 M (USD)
in 1 rounds
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Latest Funding Round
$2.34 M (USD), Seed
Jun 05, 2018
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Investors
Octopus Ventures
& 7 more
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Employee Count
Employee Count
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Products & Services of Multiply
Multiply offers a comprehensive portfolio of products and services, including Advice Engine, Client Portal, Adviser Portal, Risk Engine, and Doc Generation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Generates automated, compliant financial advice for firms
Facilitates client planning and secure communication
Central hub for managing client insights and data
Performs dynamic risk assessments for compliance
Creates instant compliant documents to save time
Provides AI-powered personalized client support
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Funding Insights of Multiply
Multiply has successfully raised a total of $2.34M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.34 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.3M
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First Round
First Round
(05 Jun 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Seed - Multiply | Valuation | Octopus Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Multiply
Multiply has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Octopus Ventures, Entrepreneur First and Nicholas Walter Hungerford. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location | |
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Provider of a program turning individuals into funded technology company founders
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Founded Year | Domain | Location | |
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Portage is engaged in fintech and financial services investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Multiply
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Multiply
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Multiply Comparisons
Competitors of Multiply
Multiply operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moneyfarm, A J Bell, The Openwork Partnership, Y TREE and My Pension Expert, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform for investment planning & advisory services
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| domain | founded_year | HQ Location |
Financial advisory and retirement planning services are provided to users.
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| domain | founded_year | HQ Location |
Online financial advisory platform for individuals and families is operated.
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| domain | founded_year | HQ Location |
Personal wealth is managed via an online platform.
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| domain | founded_year | HQ Location |
Pensions and retirement planning solutions are provided to users.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Multiply
Frequently Asked Questions about Multiply
When was Multiply founded?
Multiply was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Multiply located?
Multiply is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Multiply?
Vivek Madlani is the current CEO of Multiply. They have also founded this company.
Is Multiply a funded company?
Multiply is a funded company, having raised a total of $2.34M across 1 funding round to date. The company's 1st funding round was a Seed of $2.34M, raised on Jun 05, 2018.
What does Multiply do?
Provider of AI-powered financial advice automation solutions. This company offers technology that enables firms to deliver scalable and efficient financial advice. Its platform automates key advisory processes, including client onboarding, annual reviews, and the generation of personalized recommendations. The technology enhances advisor efficiency by automating routine tasks and providing data-driven insights, allowing advisors to focus on client relationships. The platform includes features such as client and advisor portals, an advice engine, a risk engine, and document generation capabilities. The solutions aim to reduce administrative burden and improve client satisfaction.
Who are the top competitors of Multiply?
Multiply's top competitors include Moneyfarm, A J Bell and The Openwork Partnership.
What products or services does Multiply offer?
Multiply offers Advice Engine, Client Portal, Adviser Portal, Risk Engine, and 2 more products and services.
Who are Multiply's investors?
Multiply has 8 investors. Key investors include Octopus Ventures, Entrepreneur First, Nicholas Walter Hungerford, Taavet Hinrikus, and Peter Rading.
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