TechCrunch Startup News Mortgage as an employee benefit? Kleiner Perkins leads $23.5M Series A for Multiply Mortgage
5 snips
Mar 26, 2025 Mortgage rates have skyrocketed since the pandemic, creating challenges for homebuyers. A Denver startup is making waves by rethinking how employers can offer mortgage benefits to their employees. With $23.5 million in new funding, this innovative company provides tailored mortgage advice and educational resources. They aim to make homeownership more accessible, transforming mortgages into an essential part of financial wellness packages.
AI Snips
Chapters
Transcript
Episode notes
Mortgage as a Benefit
- Multiply Mortgage helps employees access homeownership by partnering with employers.
- They offer discounted mortgage rates and educational resources.
Pivot to Mortgages
- Multiply initially focused on helping tech employees access equity compensation.
- They pivoted after realizing most employees used funds for home purchases.
Attracting and Retaining Talent
- Kleiner Perkins led Multiply's $23.5 million Series A funding round.
- They believe competitive benefits are crucial for attracting and retaining talent.