Multis Company The Financial Backbone of Web3
Multis is a French startup that is building the Web3 Financial Backbone. It is an all-in-one software layer that helps crypto companies and DAOs manage their finances more efficiently and securely. Multis was founded in 2022 by Thibaut Sahaghian and has raised $7 million in funding from Sequoia Capital, Long Journey Ventures, Sound Ventures, MakerDAO, and other investors.
Why is Multis important?
New crypto companies and top crypto startups are facing a number of challenges when it comes to managing their finances. These include:
- Lack of transparency and visibility: It can be difficult for teams to track the flow of funds in real time.
- Manual processes: Many financial tasks, such as making payments and reconciling transactions, are still done manually.
- Security risks: Crypto companies are often targeted by hackers and scammers.
Multis solves these problems by providing a single platform for list of crypto startups to manage their finances. It offers a variety of features, including:
- Real-time visibility: Multis provides teams with a real-time view of their finances, including all incoming and outgoing transactions.
- Automated workflows: Multis automates many common financial tasks, such as making payments and reconciling transactions. This saves teams time and reduces the risk of errors.
- Security: Multis is built on top of the Gnosis Safe, a secure smart contract wallet. This means that crypto companies can be confident that their funds are safe and secure.
Benefits of using Multis Web3 Financial Backbone
Crypto companies and DAOs that use Multis can benefit from a number of advantages, including:
- Increased efficiency: Multis automates many financial tasks, which saves teams time and allows them to focus on other priorities.
- Reduced costs: Multis can help top crypto startups save money on accounting and other financial services.
- Improved security: Multis is built on top of the Gnosis Safe, a secure smart contract wallet. This means that crypto companies can be confident that their funds are safe and secure.
- Increased transparency and visibility: Multis provides teams with a real-time view of their finances, which can help to improve transparency and accountability.
How to use Multis
To use Multis, crypto companies and DAOs need to create an account and connect their Gnosis Safe. Once connected, users can start using Multis to manage their finances. Multis offers a variety of features, including:
- Payments: Multis makes it easy to send and receive payments in cryptocurrency startup. Users can create invoices, set up recurring payments, and make bulk payments.
- Expenses: Multis helps users to track and manage their expenses. Users can create expense categories, attach receipts to transactions, and generate reports.
- Payroll: Multis can be used to automate payroll payments for employees and contractors.
- Accounting: Multis integrates with popular accounting software, such as Xero and QuickBooks. This allows users to easily export their financial data for accounting purposes.
Multis is a powerful tool that can help crypto companies and DAOs manage their finances more efficiently and securely. It is a one-stop shop for all things finance, from payments and expenses to payroll and accounting. If you are a crypto company or DAO, I encourage you to check out Multis.
Multis and the Future of Web3
Multis is playing a key role in shaping the Web3 Financial Backbone. By providing crypto companies and DAOs with the tools they need to manage their finances efficiently and securely, Multis is helping to build a more robust and sustainable Web3 ecosystem.
Here are some of the ways that Multis is helping to shape the future of Web3:
- Enabling new business models: Multis is making it easier for crypto companies and DAOs to launch and operate new business models. For example, Multis can be used to automate the payment process for subscription services and marketplaces.
- Improving transparency and accountability: Multis is helping to improve transparency and accountability in the Web3 ecosystem. By providing users with a real-time view of their finances, Multis is making it easier to track the flow of funds and identify potential problems.
- Reducing risk: Multis is helping to reduce the risk of fraud and hacking in the Web3 ecosystem. By building on top of the Gnosis Safe, Multis is providing users with a secure and reliable way to manage their funds.
Here are a few case studies of how crypto companies and DAOs are using Multis to manage their finances:
- Chainlink Labs: Chainlink Labs is a leading provider of oracle services for blockchain company applications. Chainlink Labs uses Multis to automate its payroll and accounting processes.
- Aave: Aave is a decentralized lending protocol. Aave uses Multis to manage its treasury and ensure that its funds are safe and secure.
- Gitcoin: Gitcoin is a decentralized funding platform for open source software development. Gitcoin uses Multis to process grant payments and manage its finances.
Multis is a powerful tool that is helping to shape the Web3 Financial Backbone. By providing crypto companies and DAOs with the tools they need to manage their finances efficiently and securely, Multis is helping to build a more robust and sustainable Web3 ecosystem.
Multis is still under development, but it is already making a significant impact on the Web3 ecosystem. As Multis continues to evolve and add new features, it is likely to play an even more important role in the future of Web3.