Multiply Mortgage
Multiply Mortgage is a fintech mortgage broker that distributes discounted home loans as an employee benefit through employer partnerships and PEO channels. Founded in 2022, the Boulder, Colorado-based company operates in 45 states plus D.C. and serves employers including BNY Mellon, Amazon, Fannie Mae, and Ramp.
- Company typePrivate
- Founded2022
- HeadquartersBoulder, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Multiply Mortgage does
Multiply Mortgage, founded in 2022 and headquartered in Boulder/Denver, Colorado, operates as a technology-enabled mortgage broker (NMLS License #2591889) that distributes mortgages as a workplace employee benefit through employer partnerships and channel partners such as PEOs and payroll platforms. Its core product, Multiply Mortgage, offers home purchase and refinancing products at interest discounts to employees of partner companies, with the company reporting average annual savings of $5,700 per borrower versus prevailing market rates. The product portfolio is extended by Multiply Liquidity, a revolving line of credit secured by private company shares for employees at partnered companies, and Multiply Toolkit, a wealth management and tax optimization suite.
The platform is built around AI-powered mortgage processing tooling launched in November 2025 that automates documentation and stakeholder communication, supported by passwordless borrower authentication, two-factor authentication for financial transactions, and SOC 2 Type II certification. Multiply Mortgage is licensed to operate in 45 U.S. states plus Washington, D.C., and distributes through direct enterprise sales to employers, a strategic channel partnership with the Sequoia Group PEO network, real estate agent partnerships, and a self-serve direct-to-consumer application.
Multiply earns transaction fees on mortgage origination and brokerage. The company is backed by $27 million in total funding, including a $23.5 million Series A closed in March 2025 led by Kleiner Perkins with participation from A*, BoxGroup, Mischief, and Workshop Venture Partners. Named enterprise customers include BNY Mellon, Fannie Mae, Freddie Mac, Amazon, and Ramp, and the company is led by co-founders Michael White (CEO, formerly of Square and DoorDash) and Gautam Gupta (formerly CFO of Uber and COO/CFO of Opendoor).
Multiply Mortgage firmographics
Firmographics- Name
- Multiply Mortgage
- Legal name
- Multiply Capital Management LLC
- Website
- https://withmultiply.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Multiply Mortgage is a fintech mortgage broker that distributes discounted home loans as an employee benefit through employer partnerships and PEO channels. Founded in 2022, the Boulder, Colorado-based company operates in 45 states plus D.C. and serves employers including BNY Mellon, Amazon, Fannie Mae, and Ramp.
- Ownership category
- akta.pro rank
Multiply Mortgage industry classification
Industry- Product category
- Mortgage Lending and Brokerage
- NAICS
- Mortgage and Nonmortgage Loan Brokers (522310)
- SIC
- Loan Brokers (6163)
- akta.pro primary industry
- Mortgage Lead Generation & Marketing Intermediaries (FSALABAI)
- akta.pro secondary industries
- Mortgage & Loan Introducers (Residential & Commercial) (FSAEAMAA), Mortgage Comparison, Marketplace & Rate-Shopping Platforms (FSALABAJ)
Keywords
Where Multiply Mortgage is headquartered
LocationHeadquarters
- HQ city
- Boulder
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Multiply Mortgage business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Mortgage origination and brokerage fees: Multiply Mortgage operates as a mortgage broker/lender, earning fees from mortgage origination and brokerage services. They offer lower-rate mortgages as an employee benefit program to employees in 45 states and D.C.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Employee mortgage benefit - no cost to employers |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Multiply Mortgage product offering
Product offeringCore offering
Multiply Mortgage is an AI-native mortgage broker that partners with employers to offer lower-rate home purchase and refinancing mortgages as an employee benefit program. Operating across 45 states and Washington D.C., the company distributes through employer partnerships, PEOs, payroll platforms, and real estate agents, earning transaction fees from origination and brokerage services while providing expert loan advisors and white-glove service to borrowers.
Product overview
Multiply Mortgage operates as a fintech mortgage company offering a suite of financial products centered on its core tech-enabled mortgage platform. The primary offering is Multiply Mortgage, providing purchase and refinancing mortgages with lower rates and white-glove service. This core product is complemented by Multiply Liquidity, a line of credit secured by private company shares for employees, and Multiply Toolkit for tax optimization and wealth management. The company positions mortgages as an employee benefit program, partnering with employers to offer discounted rates to their workforce. The portfolio also includes dedicated services for real estate agents as partners.
Differentiator
Problem solved
Functional benefit
Brands
- Multiply Liquidity: A line of credit secured by private company shares for employees at partnered companies.
- Multiply Toolkit
Products and services
- Multiply Mortgage Tech-enabled mortgage purchase and refinancing product offering lower rates and streamlined closing. Provides interest discounts and expert loan advisor guidance as an employee benefit program, available to employees of partner companies and individual homebuyers.
- Multiply Liquidity A revolving line of credit secured by private company shares for employees at partnered companies, offering flexible cash access with no exit fees, no early payment penalties, and repayment due when equity becomes liquid.
- Multiply Toolkit Wealth management toolkit that helps users secure assets, optimize and file taxes, and manage wealth with expert assistance from Multiply.
- Multiply Mortgage for Real Estate Agents White-glove mortgage services for real estate agents and their clients, offering competitive rates, on-time closings, and concierge-level service with mortgage experts throughout the home purchase process, plus partnership opportunities connecting buyers from employee benefit programs to trusted agents.
Quantifiable outcome
- Employees save $5,700 annually through lower interest rates
- +2 more outcomes
Companies that use Multiply Mortgage
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
Multiply Mortgage technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature3 records
Multiply Mortgage partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- Made CardminorPartnership to provide exclusive financial benefits to homebuyers who finance through Multiply's workplace benefit program. Homebuyers receive a sign-on bonus redeemable toward closing costs and elevated cashback on mortgage payments, utilities, maintenance, and repairs.
- Sequoia GroupcoreStrategic commercial partnership to deliver Multiply's AI-native mortgage benefit platform to thousands of companies through Sequoia's professional employer organization and advisory network. The partnership enables immediate access for employees with no custom implementation required.
Scale indicators6 records
Recent moves6 records
Expansion highlights7 records
Multiply Mortgage competitors and assessment
Company assessmentDirect peers
- Tomo: Tomo is a fintech mortgage company purpose-built to serve tech employees and handle complex compensation (RSUs, stock), making it the closest direct peer to Multiply in target customer and product focus, though Tomo is more direct-to-consumer.
- Blend: Blend provides digital mortgage infrastructure embedded in banks, lenders, and enterprise platforms. It is comparable to Multiply as a tech-enabled mortgage platform pursuing B2B2C distribution, though Blend is infrastructure rather than a direct broker.
- Figure Technologies: Figure is a fintech lender using blockchain-led infrastructure to originate home equity, HELOC, and mortgage products. It is comparable to Multiply as a digitally native lender pursuing lower-cost, faster mortgage and home-equity products.
- Unlock Home Equity: Unlock offers home equity lines of credit distributed through employer HR and payroll channels. It is one of the closest peers to Multiply's employer-channel financial-benefit model, though focused on HELOC rather than purchase mortgages.
Broad incumbents
- Better.com: Better is a large fintech mortgage lender pursuing a digital-first, low-cost origination model. It is a broad incumbent competing with Multiply in the modern/tech-forward mortgage category, though it does not run an employer-benefit channel.
- Rocket Mortgage: Rocket is the largest U.S. mortgage originator and a scaled incumbent with unmatched brand and pricing power. It represents the primary competitive threat to any digital-first mortgage platform, including Multiply.
- SoFi: SoFi is a broad fintech that originated as a student-loan lender and has expanded into mortgages, deposits, and wealth. Its employer-channel posture for mortgages and adjacent financial products makes it an incumbent comparable to Multiply.
Emerging players
- Hometap: Hometap is a home equity investment company that provides homeowners cash in exchange for a share of future home value. It competes for the same homeowner audience Multiply serves, but through a different product structure.
- Point: Point provides home equity investment products targeting homeowners seeking liquidity without monthly payments. It overlaps with Multiply in addressing complex-comp employees who want to unlock housing wealth, and is adjacent to Multiply Liquidity.
- Bungalow: Bungalow operates a corporate housing benefit platform that partners with employers to offer furnished rentals. It is comparable to Multiply as a B2B2C employer-channel housing benefit, though focused on rental rather than mortgage finance.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Multiply Mortgage social profiles
Digital presenceMultiply Mortgage compliance and trust
Trust signalCompliance1 record
Multiply Mortgage financial estimates
Financial estimateRevenue estimate
Valuation estimate
Multiply Mortgage leadership team
Management profileNumber of profiles
Profiles5 records
Multiply Mortgage funding detail
Funding detailFunding overview
Funding rounds2 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Multiply Mortgage M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Multiply Mortgage
What does Multiply Mortgage do?
Multiply Mortgage is an AI-native mortgage broker that partners with employers to offer lower-rate home purchase and refinancing mortgages as an employee benefit program. Operating across 45 states and Washington D.C., the company distributes through employer partnerships, PEOs, payroll platforms, and real estate agents, earning transaction fees from origination and brokerage services while providing expert loan advisors and white-glove service to borrowers.
Is Multiply Mortgage a public or private company?
Multiply Mortgage is a private company. It is classified as venture growth investor backed and is currently operating.
When was Multiply Mortgage founded?
Multiply Mortgage was founded in 2022. It employs 11 to 50 people.
Where is Multiply Mortgage based?
Multiply Mortgage is headquartered in Boulder, United States, in the North America region.
How does Multiply Mortgage make money?
One revenue line is on record: mortgage origination and brokerage fees.
Who are Multiply Mortgage's main competitors?
Direct peers on record are Tomo, Blend, Figure Technologies and Unlock Home Equity. Broad incumbents are Better.com, Rocket Mortgage and SoFi. Emerging players are Hometap, Point and Bungalow.
Does Multiply Mortgage have an API?
No public API is recorded for Multiply Mortgage.
What industry is Multiply Mortgage in?
Multiply Mortgage's product category is Mortgage Lending and Brokerage. Its primary akta.pro industry code is FSALABAI, Mortgage Lead Generation & Marketing Intermediaries, with a secondary code of FSAEAMAA, Mortgage & Loan Introducers (Residential & Commercial). Its NAICS code is 522310 and its SIC code is 6163.