Multis is a new crypto company that is building a financial backbone for every web3 organization. Founded in 2019 by Thibaut Sahaghian and Théophile Villard, Multis is headquartered in San Francisco, California.

Multis’ mission is to power the next generation of professionals that will thrive in an open financial world. The company is developing a suite of tools and services that will make it easier for web3 organizations to manage their finances, including payroll, treasury management, and expense management.

Multis has raised over $10 million in funding from investors such as Paradigm, a16z crypto, and Coinbase Ventures. The company is currently in beta and is expected to launch its products to the public in early 2024.

Multis’ products and services

Multis is developing a suite of tools and services to help web3 organizations manage their finances. The company’s products and services will include:

• Payroll: Multis will make it easy for web3 organizations to pay their employees in cryptocurrencies such as Bitcoin, Ethereum, and Solana.
• Treasury management: Multis will help web3 organizations manage their treasury assets, including investing in other cryptocurrencies and generating yield.
• Expense management: Multis will help web3 organizations track and manage their expenses, including both crypto business ideas and fiat expenses.

Multis’ target market

Multis’ target market is web3 organizations of all sizes. The company is targeting both early-stage startups and established enterprises.

Multis is also targeting specific sectors within the web3 industry, such as decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming.

Multis’ competition

Multis faces competition from a number of other companies that are also building financial tools and services for web3 organizations. Some of Multis’ competitors include:

• Coinbase: Coinbase offers a suite of financial products and services to web3 businesses, including payroll, treasury management, and custody.
• BitPay: BitPay is a payment processor that allows web3 businesses to accept crypto payments.
• Ledger: Ledger is a hardware wallet company that offers a number of financial tools and services to web3 businesses, including treasury management and custody.

Multis’ advantages

Multis has a number of advantages over its competitors, including:

• Team: Multis has a team of experienced entrepreneurs and technologists with a proven track record in the list of crypto startups industry.
• Focus: Multis is focused on building a comprehensive suite of financial tools and services for web3 organizations.
• Investor support: Multis has raised over $10 million in funding from top investors in the crypto industry.

Multis’ news

Multis has been in the news recently for a number of reasons, including:

• Funding: Multis raised $10 million in funding in February 2023. The funding round was led by Paradigm, with participation from a16z crypto and Coinbase Ventures.
• Product launch: Multis is expected to launch its products to the public in early 2024. The company is currently in beta and is testing its products with a select group of customers.
• Partnerships: Multis has partnered with a number of other companies in the crypto industry, including Coinbase, Ledger, and Chainlink.

Multis is a new crypto company that is building a financial backbone for every web3 organization. The company is developing a suite of tools and services that will make it easier for web3 organizations to manage their finances, including payroll, treasury management, and expense management.

Multis has a strong team, a clear focus, and the support of top investors in the crypto industry. The company is expected to launch its products to the public in early 2024 and is well-positioned to become a leader in the web3 financial services space.