Automated Financial Advice Service Multiply Raises £1.75M in Funding

Multiply, a London, UK-based automated independent financial advice service, raised £1.75m in funding.

The round was led by Octopus Ventures, which invested £1m, with participation from Portag3 Ventures, Entrepreneur First, Nick Hungerford, Taavet Hinrikus, Peter Rading, Michael Orland and Toby Moore.

The company intends to use the funds for continued development and the roll-out of the product.

Co-founded in 2016 by Vivek Madlani and Mike Curtis, Multiply leverages machine learning to provide an automated independent financial advice, covering every aspect of personal finance, from mortgages to investments and savings.
Subject to FCA authorization, the company will officially launch its offering later this year.



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