Multiplier (EOR & Global Payroll)
- Pricing: Employer of Record starting price is now $400/employee/month, confirmed on usemultiplier.com/pricing (page last modified 2026-06-22). The internal listing on file previously recorded $300/employee/month as of 2026-05-06, a $100/employee/month increase.
- New disclosure: Contractor of Record pricing is now published at $40/contractor/month; this figure was not previously listed.
- 2026-04-30: Launched Global Payroll Payments, powered by fintech partner Navro, completing its "Global Exchange for Work" platform for hiring, payroll, compliance, and payments in a single system. Source: PRNewswire.
- No new Shopee, TikTok Shop, VietQR, PromptPay, or GCash integrations found in this window. Multiplier's product moves in this period are global in scope (European NRE payroll, Navro-powered payments), not SEA-specific.
Kredivo (BNPL & Embedded Finance)
- 2026-05-06: Kredivo Group announced acquisition of approximately 100% of Timo, Vietnam's first digital banking platform, developed originally with BVBank. Source: Kredivo Group corporate site, syndicated via PRWeb.
- Post-acquisition structure: Timo continues to operate under its own brand as Kredivo Group's Vietnam digital-banking franchise. Kredivo's existing Vietnam BNPL business rebrands to "Timo Credit."
- Prior Timo shareholders Phoenix Holdings and VinaCapital retain a minority stake in the combined Kredivo Vietnam entity.
- No disclosed change to Indonesia merchant commission rates or to Tokopedia, Shopee, or Bukalapak checkout terms in this window.
Konfir (Background Verification)
- 2026-04-08: Experian announced it added Konfir to its UK&I verifications business, formalizing a data partnership dating to 2023. Source: Experian newsroom press release.
- 2026-05-18: Konfir launched "Affordability Waterfall," a single verification journey that checks Open Banking, payroll, and HMRC income sources in sequence and stops once affordability is confirmed, replacing separate fragmented checks. Source: Konfir company blog.
- Konfir's published SEA region-availability list (Singapore, Indonesia, Vietnam, Philippines, Thailand, Malaysia, Hong Kong) is unchanged in materials reviewed for this window. The product development documented for this period (Affordability Waterfall, Experian integration) is UK-market-focused, not SEA-specific.
Coverage note
None of the three tools tracked in this cycle shipped new Shopee, TikTok Shop, VietQR, PromptPay, GCash, or regional-logistics-carrier integrations within the 2026-05-09 to 2026-07-08 window. The material updates found were one confirmed pricing increase (Multiplier), one market-entry acquisition (Kredivo/Timo), and two ownership/feature updates (Konfir/Experian, Konfir/Affordability Waterfall).