<ul data-eligibleForWebStory="true"><li>Noah Pepper, former Stripe executive, founded Multiplier in late 2022 to sell software to tax accountants; pivoted to focus on AI enhancing professional service firms.</li><li>Multiplier acquired Citrine International Tax, a tax accounting services provider, and implemented AI tools that doubled its profit margins.</li><li>Multiplier secured $27.5 million in seed and Series A financing, with Lightspeed Venture Partners leading the Series A round.</li><li>The startup trend involves acquiring service businesses and scaling them with AI, supported by various VC firms, including Lightspeed.</li><li>This strategy focuses on acquiring small companies that are more open to process changes compared to larger established firms.</li><li>Multiplier aims to compete with the Big Four accounting firms by expanding its AI-powered solutions beyond personal tax compliance.</li><li>Multiplier seeks to purchase service firms with high recurring revenue, led by individuals eager to leverage AI for business enhancement.</li></ul>

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

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