The funding will help Multiplier develop new product features and expand into new markets. Here are the top-line bullets you need to know.
Multiplier, an HR platform, has raised $60M in Series B funding. The round drew participation from DST Global, Sequoia Capital India, and Tiger Global Management.
HOW’S THE COMPANY PERFORMING?
- Singapore-based Multiplier enables companies to manage hiring, payroll, taxes, compliance, and insurance for their global workforces while staying compliant with local laws.
- The platform caters to enterprises like Brighter, Amazon, ServiceNow, Stahl, and Graphisoft.
- It offers services across 150+ countries, processing payments in 120+ currencies.
- Multiplier currently operates across the APAC region.
Source: Multiplier
WHY DOES THE MARKET MATTER?
- The global HR software market is expected to be valued at $33.57B by 2028, growing at a CAGR of 10.10%, according to Verified Market Research.
- The rapid adoption of cloud-based workforce management solutions combined with a pandemic-induced rise in remote working has aided the sector’s growth.
