Multiplier Acquires NZ Finance Firm Oxygen Advisors

Singapore-based Multiplier, a prominent player in global payroll and compliance solutions for distributed workforces, has expanded its footprint by acquiring New Zealand’s Oxygen Advisors. This strategic move marks Multiplier's sixth international acquisition and aims to bolster its service offerings for high-growth companies by integrating specialized financial advisory capabilities.

Founded in 2015, Oxygen Advisors has established itself as a key partner for over 300 startups and rapidly scaling businesses, facilitating more than $800 million in capital raises. The firm provides a comprehensive suite of services, including outsourced CFO functions, bookkeeping, financial operations management, tax and compliance assistance, revenue operations, and R&D grant and tax credit navigation. Notable clients include Tracksuit, Auror, Letterboxd, Ideally, and VXT.

The acquisition brings the entire Oxygen Advisors team, comprising over 50 employees across three countries, into the Multiplier fold. Matt Dold, founder of Oxygen Advisors, will continue in a directorial role, ensuring continuity and leveraging his deep expertise. This integration is expected to enhance Multiplier's ability to support the complex financial needs of its growing client base, particularly within the dynamic tech and startup ecosystem.

Noah Pepper, CEO of Multiplier and a former Stripe executive, highlighted the strategic rationale behind the deal. "Oxygen Advisors has cultivated an outstanding business with a strong reputation among high-growth companies," Pepper stated. "We seek out firms where we can collaborate with exceptional management teams committed to long-term growth, and where technology can amplify existing successes. This partnership presents a clear avenue to accelerate growth for both entities."

The integration is anticipated to provide Oxygen Advisors with enhanced access to Multiplier's technological infrastructure and its network of prominent investors, including Ribbit Capital and Lightspeed Ventures. This backing will fuel investment in custom technology solutions designed to automate routine tasks, thereby freeing up Oxygen Advisors' personnel to focus on strategic client support and growth initiatives. This aligns with the evolving demands of the professional services sector, which is increasingly shaped by AI and requires greater speed and analytical depth.

The professional services sector is undergoing significant transformation, driven by technological advancements and the increasing complexity of global business operations. Companies like Multiplier are at the forefront of this shift, offering integrated solutions that streamline operations and provide critical support for scaling businesses. The acquisition of Oxygen Advisors positions Multiplier to offer a more holistic service package, addressing both the operational and financial strategic needs of its clients in a competitive global market.