Multipl: Fintech Startup Turning Spend-Based Investing on its Head Raises $1.5 Million in Funding

Founded in 2020 by the dynamic trio of Paddy Raghavan, Jags Raghavan, and Vikas Jain, Multipl is a FinTech platform rewarding users for investing in their future expenses.

[{"selector":"#anim-09794212-5ddf-46af-a43f-92b46e075e69","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a9dcac73-f21c-42b3-ae9c-76babbb9e5a3","keyframes":{"transform":["translate3d(0px, 131.26744%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-103aa5fe-e40f-429f-83ea-8b6b654f93e0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.8627693477685163%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

On July 17, 2024, Multipl announced that it had clinched funding of $1.5 million in a funding round led by Blume Ventures and MIXI Global Investments.

[{"selector":"#anim-e2bd355b-3b71-4d7a-82a1-ef2c3f44e12b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7e4d4292-4727-4367-b6ab-96e08a9e0f44","keyframes":{"transform":["translate3d(0px, 152.76156%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-20060efc-65ed-4554-b6d3-d7f58876219b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Where partnerships are concerned, the network appears to be one of the inbuilt positives for Multipl. This platform has worked with over 70 brands across 15 categories.

[{"selector":"#anim-bb699cd2-5211-479e-a88c-117cd42e4538 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-21.250000284886042%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b2d9686d-276b-49a9-bea3-8d864baacc92","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a7b80413-72d6-485f-b04f-2c63cb29397d","keyframes":{"transform":["translate3d(0px, 136.79506%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Since its inception, Multipl crossed more than 500,000 downloads, and within the coming year, the team is gunning to double this number.

[{"selector":"#anim-53719d5e-d99b-415c-b57a-71cc240f1205 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6cc3c32b-4b74-4109-a4aa-0cea129fb270","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f7439504-9aeb-4f31-bb32-91efcea6c7dc","keyframes":{"transform":["translate3d(0px, 190.36516%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

We now take a little session to appreciate the visionaries of this game-changing platform. Paddy Raghavan, Jags Raghavan, and Vikas Jain are the co-founders, and their collective expertise.

[{"selector":"#anim-273db595-86fa-4947-a9a9-9ca07ad4a128 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(20.03242950283697%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-47d16ff1-9bdb-418f-9586-94d36acc3afb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0029931c-3091-4dbc-b068-3d08d00d2067","keyframes":{"transform":["translate3d(0px, 136.79506%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Both Blume Ventures and MIXI Global Investments are inclined to continue the partnership with Multipl.

[{"selector":"#anim-c1e6817c-8671-4aae-8b37-5feccdec2cb8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.193985864407498%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d48e1a95-7c6d-405c-91b5-24dbbbbfd327","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-33348488-eece-4f75-aa1f-2ef81169ecb0","keyframes":{"transform":["translate3d(0px, 240.90460%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]