US financial services super-app Multicent gears up for launch
San Francisco-based fintech start-up Multicent is gearing up for launch, aiming to provide a financial services super-app offering personal and business accounts and a range of financial products for people and traders across 15 countries.
Billing itself as “the world’s first global digital investment banking super-app and merchant banking platform”, Multicent will also offer commission-free investing products, a cryptocurrency exchange, corporate credit cards and merchant services.
Multicent says it’s “transforming informal financial systems to enable every entrepreneur and growing company to unlock their full potential”.
The company claims to have already clocked up 358,000 personal accounts, including stocks and crypto trader accounts, and more than 10,000 business customers on its waiting list.
Crypto traders can trade with over 750 different cryptocurrency and fiat currency pairs, including Bitcoin, Ethereum and BNB, with as little as $1.
With the Multicent debit card, users can automatically invest part of their paycheque in their choice of stocks and crypto and get paid up to two days early with direct deposit.
Multicent offers financial products for founders, entrepreneurs and businesses, with real-time spend management and automated expense management software. These services pair with unlimited virtual corporate credit cards that earn rewards and establish a credit history.
The super-app will also support payment infrastructure, giving e-commerce businesses a managed, customisable solution to securely accept payments online. Users can also accept contactless payments on iPhone and Android devices using Tap to Pay.
Multicent was founded in 2021 and its waitlist is currently open for signups.