Fintech Startup Multipl Bags $3 Mn In Funding

Blume Ventures, GrowX Ventures, IIFL, and Kotak Securities Limited led a $3 million Pre-Series A fundraising round for fintech firm Multipl.

The new funds will be used to expand the platform’s investment possibilities and help customers better budget their costs, according to the company.

Multipl, founded in 2020 by Paddy Raghavan, Jags Raghavan, and Vikas Jain, lets customers manage their money and save for future costs using their app. Brand Saver and Market Saver are the two types available. In the Brand Saver concept, the business collaborates with other brands to help users save for future purchases. Users can invest in mutual funds using the Market Saver approach.

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