DATABASES Signal 409
Singapore-based Multiplier, which acquires accounting firms to boost their growth with AI tools, raised a $35M Series B led by TheGP at a $300M valuation (Maria Armental/Wall Street Journal)
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Singapore-based Multiplier closed a $35M Series B led by TheGP, valuing the firm at $300M, to fund its strategy of acquiring accounting firms and applying AI tools to accelerate their growth.
The new capital expands Multiplier’s ability to buy accounting practices and deploy AI-driven services, signaling growing demand for engineered AI solutions in the finance sector. Engineers should expect more projects focused on integrating machine learning models with accounting workflows and ensuring compliance with financial data standards.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
The round was led by TheGP and values Multiplier at $300M post-money.
Multiplier uses acquired accounting firms as a base to deploy AI-powered growth services.
The company hired former Slack CFO Allen Shim to support its financial operations.
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