Mortgage as an employee benefit? Kleiner Perkins leads $23.5M Series A for Multiply Mortgage

Innovative Mortgage Solutions for Employees

Multiply Mortgage is addressing the challenges of home ownership by offering a mortgage benefit program tailored for employees of partner companies, recognizing the increased difficulty many face in affording homes. Founded by former tech executives, the startup shifted its focus from equity compensation assistance to enabling employees to navigate home purchases, providing resources like personalized consultations with mortgage advisors and educational sessions. The program not only includes access to mortgage interest rate discounts of up to 0.75% but also connects users with a network of lenders to secure competitive rates. Multiply is reinventing the mortgage experience by positioning it as a financial wellness benefit through employers, setting itself apart from traditional lenders in an increasingly competitive market.