In a groundbreaking move for the accounting industry, Multiplier, a startup founded by former Stripe executive Noah Pepper, has raised $27.5 million in seed and Series A funding. Announced on June 18, 2025, this funding round was led by prominent investors Lightspeed and Ribbit Capital, signaling strong confidence in Multiplier's vision to transform professional services through artificial intelligence.
Founded in late 2022, Multiplier aims to disrupt traditional accounting by employing an innovative 'roll-up' strategy. The company acquires smaller, specialized professional services firms and integrates custom AI solutions to automate routine tasks, boost scalability, and enhance profitability. This approach positions Multiplier as a potential challenger to the dominance of the Big Four accounting firms.
Noah Pepper, with his extensive experience as a business lead for Stripe in the Asia Pacific region, brings a tech-savvy perspective to the accounting sector. His goal with Multiplier is to streamline operations for boutique tax and advisory firms, allowing them to focus on high-value client services while AI handles repetitive processes.
The $27.5 million injection will fuel Multiplier's expansion, enabling the acquisition of more firms and further development of its AI-driven tools. This funding comes at a time when the intersection of finance and technology is experiencing rapid evolution, with AI emerging as a key driver of efficiency across industries.
Industry experts see Multiplier's strategy as a game-changer, potentially reshaping how smaller accounting firms compete in a market often dominated by larger players. By leveraging AI, Multiplier not only enhances operational efficiency but also offers a scalable model for growth that could inspire similar innovations in other professional services.
As Multiplier continues to grow, the startup is poised to redefine the future of accounting. With strong backing from investors and a clear vision, the company is on track to make a significant impact, proving that AI can be a powerful ally even in traditionally conservative sectors like accounting.
Alfred Lee
