Vendor Analysis
published on Jul 10, 2025
Report Overview:
This NelsonHall vendor assessment analyzes Multiplier's offerings and capabilities as a provider of global employer of record services
Who is this Report for:
NelsonHall’s Global Employer of Record (EOR) profile on Multiplier is a comprehensive assessment of Multiplier’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Global EOR services and identifying vendor suitability for Global EOR RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the Global EOR sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Multiplier’s Global EOR offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery centers.
Key Findings & Highlights:
Founded in 2020 by Sagar Khatri, Amritpal Singh, and Vamsi Krishna, Multiplier is headquartered in Singapore and provides a SaaS-based global employment solution. Its proprietary technology manages local compliance, labor contracts, payroll, benefits, and taxes.
With a presence across ~160 countries, Multiplier lets clients tap into its global talent pools using its EOR technology and infrastructure, allowing them to focus on scaling their businesses.
Multiplier’s solutions target startups and enterprises and comprise the following services:
- Employer of record
- Global payroll
- Contractor of record
- Contractors
- Immigration.
Since its inception, Multiplier has raised a total of approximately $77.2m in equity funding across three funding rounds. Following its last funding round in March 2022, the company’s valuation is $400m. The company operates ~103 in-country entities, providing employer of record (EOR) services to ~1,330 clients and ~5,400 employees. The company maintains EOR capabilities in over 150 countries through its internal resources and in-country partners (ICPs), providing services in HR, legal, and tax matters, and ensuring compliance.
