Multiplier, founded by ex-Stripe exec, raised $27.5M to grow AI-powered accounting solutions

From Yahoo Finance: 2025-06-18 15:50:00

In late 2022, Noah Pepper founded Multiplier, a startup focusing on AI solutions for professional service firms. By acquiring Citrine International Tax, Multiplier doubled profit margins by eliminating manual work. The startup recently raised $27.5 million in funding, joining the trend of AI-powered roll-up companies backed by VCs like Lightspeed.

Lightspeed partner Justin Overdorff believes that AI is revolutionizing the acquisition strategy, making it more effective for startups to buy smaller companies open to change. Multiplier’s acquisition of Citrine helped it grow and increase margins. The goal is to challenge Big Four accounting firms with AI-powered solutions.

Multiplier seeks to acquire high-revenue service firms led by individuals eager to integrate AI for business growth. The startup aims to make strategic bets on exceptional leaders in various industries to leverage AI technology effectively.

Read more: Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-ups