Pine Labs CEO joins $13m round of Sequoia-backed HR tech firm

Multiplier, a Singapore-based employment platform, has raised US$13.2 million in its latest round of funding.

More funding details

• Lead investor: Sequoia Capital India
• Other investors: Zomato co-founder Deepinder Goyal and Pine Labs CEO Amrish Rau
• Stage: Series A

More company updates

• Multiplier said it will use the fresh funds to expand its payroll-and-benefits solutions for businesses, expand into new markets, and develop its platform.
• The human resources tech firm has doubled its customer base and tripled its revenue in three months since its US$4 million seed round, which was led by Sequoia Capital India’s Surge in July.
• Multiplier is a tech startup for HR management, which simplifies international hiring. It provides companies with access to candidates across borders and assistance in managing issues of local compliance, labor contracts, payroll systems, employee benefits, and taxes.
• It also offers businesses the legal infrastructure to facilitate employment in over 100 countries.

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.