Multiply Mortgage, a firm known for integrating homeownership benefits into employment packages, has closed a $23.5m Series A funding round.
This round was led by Kleiner Perkins, with additional contributions from A*, Box Group, Mischief, and Workshop, raising the company’s total funding to $27m.
Founded in 2022, Multiply Mortgage is redefining the traditional mortgage lending landscape. The company has developed an AI-native mortgage origination platform complemented by expert mortgage advisors. This dual approach eliminates the need to choose between competitive rates and personalized service, streamlining the home buying process.
The new funds are earmarked for a bold initiative: introducing lower-rate mortgages as an employee benefit. This innovative benefit aims to make homeownership more accessible, especially as real estate prices continue to escalate and interest rates remain high. Multiply’s offering allows employees of participating companies to secure mortgage rates significantly lower than typical market rates, potentially saving thousands annually.
This initiative comes at a crucial time, as healthcare costs rise and HR departments seek to add value without increasing budgets. Multiply’s mortgage benefit, requiring no direct cost or additional administrative burden for employers, positions the company uniquely in the benefits space, enhancing employee financial wellness while improving retention and attracting new talent.
“Attracting and retaining top talent is a focus for every great company, and providing competitive benefits and compensation programs is table stakes. Multiply is pioneering a new employee benefits category by offering lower-rate mortgages as a benefit—a point of differentiation for employers looking to stay competitive in the talent market,” said Mamoon Hamid, Partner at Kleiner Perkins.
Keep up with all the latest FinTech news here.
Copyright © 2025 FinTech Global
