Correction | Multiplier

In a press release titled " Depth Over Breadth : Multiplier Proves Durability of the Global Exchange for Work , Reaching $100M ARR ", Multiplier issued a correction on September 29, 2026, through PR Newswire, stating that the third sentence of the sixth paragraph and the third sentence of the " About Multiplier " section should be "1.81 billion US dollars", rather than the initially miswritten "181 billion US dollars". The following is the corrected full text.

Depth Over Breadth : Multiplier Proves Durability of the Global Exchange for Work, Reaching $100M ARR

After rejecting the "Integrated Employer Record ( Employer-of-Record )" approach, the company focused on native infrastructure, which led to strong growth, with North America contributing 60% of the total revenue.

New York, September 29th / PRNewswire / -- While the broader human resources technology industry is competing to create integrated, broad but not deep HR platforms, Multiplier has chosen a deliberately different path. From the very beginning, the company has bet on a clear direction: to delve into global compliance recruitment and the financial flows that support it, and to build technology in reverse from the real experiences of customers recruiting and paying employees in other countries, rather than the other way around.

Multiplier does not incorporate every adjacent HR workflow into its internal system; instead, it focuses on core infrastructure and selects the best partners in the industry for other aspects of its operations. The company has adopted a platform model driven by an ecosystem, which is also prevalent in other industries and has already established a dominant position. Multiplier collaborates deeply with the rest of its technology stack rather than attempting to take on everything on its own.

Today, Multiplier officially announces that its annual recurring revenue (ARR) has exceeded 100 million US dollars. This achievement comes just six years after the company's establishment, and it has also maintained a year-over-year growth rate of 80%, as well as a net revenue retention rate of 115% for its core business. The company states that this scale is not merely a numerical milestone; it reflects the resilience at an institutional level, a strong retention capability, and a truly operational infrastructure that ensures customers are protected from local compliance requirements and monetary frictions, which often become significant obstacles.

Rare Beauty The person in charge of human resources and culture, Anita Punjabi, stated: " Multiplier has always been a supportive partner in our growth process. They assess our unique circumstances and provide customized solutions that meet our specific needs. With their help, we have established teams in six countries in less than three years, and we are still continuing to expand."

Multiplier originated in the Asia-Pacific region, which includes Singapore, but its "depth-first" approach has led to its widespread adoption in over 160 countries. Notably, despite many competitors reducing their business presence in the United States, North America has become the main growth engine for Multiplier.

• 60% of current revenue: North America now accounts for the clear majority of Multiplier's total revenue.
• 47% of the total expansion: Companies headquartered in the United States drove nearly half of the Multiplier expansion in the fourth quarter of 2025 and the first quarter of 2026, indicating that mature customers face key challenges in international expansion.

Multiplier's significant growth and development trajectory in the world's largest market are attributed to its multi-product business model, rather than a single entry-point product. Today, 20% to 30% of the company's revenue comes from products other than its flagship EOR product. Benefiting from integrations with over 20 native HRIS with platforms such as Workday, BambooHR, and SAP SuccessFactors, Multiplier currently processes more than $1.81 billion in salary payments annually.

Multiplier, co-founder and CEO, Sagar Khatri, stated: "There are specialized exchanges in the capital market, but the global labor force—including the cross-border movement of wages and talent—has never had a unified, frictionless infrastructure. We are building that missing exchange. Reaching $100 million ARR is a verification milestone that demonstrates how the market responds when you focus on seamlessly solving the most difficult compliance and capital flow issues. Our focus remains on mastering the complexities of global employment, ensuring that companies can use the global talent pool as naturally as they would in local markets, and feeling confident that they are protected from regulatory and compliance issues."

This argument of "depth-first, breadth-second" has received important independent verification within the industry, including being rated as a leader for the third consecutive year by The IEC Group's Global EOR Study (in 2026). The report stated that Multiplier is the provider with "the strongest improvement in performance" among all those evaluated; it was selected for Fast Company's 2025 Innovation by Design Awards due to its frictionless user experience; and recently, it also received an award from GPA for its outstanding cross-border salary implementation.

Multiplier will display digital advertisements throughout Tuesday, September 29th, at the NASDAQ Tower in Times Square, New York. For more information about Multiplier and its global employment infrastructure, please visit https :// www.usemultiplier.com.

About Multiplier

Multiplier is a global exchange platform designed for business, specifically created to assist companies in recruiting, managing, and paying their global teams across more than 160 countries. By combining top-tier tools, including employer records ( Employer of Record ), contractor records ( Contractor of Record ), and global payroll management ( Global Payroll ), with a vast network of its own entities and a people-oriented support system, Multiplier helps companies of all sizes to confidently expand globally. Since 2020, this globally preferred infrastructure has assisted over 3,700 companies and currently processes over $1.81 billion in cross-border salaries annually, reshaping the global economy and the future way of working.

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SourceCode Communications for Multiplier

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