Kotak Neo announces its investment in fintech startup Multipl

Kotak Neo (Kotak Neo) along with other investors like Blume Ventures, GrowX Ventures, and IIFL, today announced its investment in a fintech startup Multipl as part of the $3mn Pre-Series A round. Multipl is a platform that encourages people to save money for short-term goals. The fintech firm is creating a new exciting category all together – “Plan Now Pay Smarter” aka “Save Now Buy Later” for its users.

About Kotak Neo

Kotak Neo (Kotak Neo), a subsidiary of Kotak Mahindra Bank, is one of India’s largest full-service stock broking firms catering to retail and institutional investors across all segments of the capital market. Through a tie-up with partner brokers, the company also provides direct access to the US markets. Supported by a strong research team, robust digital trading platform, large branch network & franchisee base, and referral coordinators spread across Kona Kona of India, Kotak Neo processes lakhs of secondary market trades every day. As on 30th June 2021, Kotak Neo has a national footprint of 152 branches, 1510 franchisees and satellite offices across 360 cities in India serving 23 lakh client base. Kotak Neo provides a wide array of services including investment options in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers margin trade funding, depository services and third-party products like insurance.

For more information, please visit the company’s website