Core Insights - Multiplier, founded by former Stripe executive Noah Pepper, initially aimed to sell software to tax accountants but pivoted to enhance efficiency in professional services using AI after the release of ChatGPT [1][2] - The company acquired Citrine International Tax, a boutique cross-border tax accounting firm, and utilized its proprietary AI technology to significantly increase Citrine's profit margins [2][3] - Multiplier has raised a total of $27.5 million in seed and Series A funding, with investments from Ribbit Capital, SV Angel, and Lightspeed Venture Partners [2] Company Strategy - Multiplier is adopting a trend where startups acquire existing service-oriented companies and leverage AI technology for scalable growth, a strategy gaining traction among venture capitalists [3] - The company aims to compete with the "Big Four" accounting firms by expanding beyond individual tax compliance services into a broader AI-driven accounting service model [4] - Multiplier seeks to acquire service companies with high recurring revenue, led by leaders eager to integrate and customize AI technology for business enhancement [5][6]