OpenAI took an equity position in Thrive Holdings back in December. Thrive owns Current, the roll-up formerly called Crete Professionals Alliance, and OpenAI engineers now go into those firms in exchange for more equity and access to the data. Alastair Barlow breaks the structure down and lands on how circular the whole arrangement is.
What matters more than the deal is the taxonomy forming around it: roll-ups buying legacy firms, platforms like Multiplier buying and re-tooling them, and AI-native challengers such as Amsterdam's Neno starting from nothing. Also covered: Repodo in Copenhagen raising the largest pre-seed Denmark has recorded, to launch an AI-native audit firm.
From the episode with Eriona Bajrakurtaj, Alastair Barlow and John Toon.
Digi-Tools in Accrual World is The Loop's weekly accounting tech podcast, hosted by Ryan Pearcy, John Toon, Indi Tatla, Eriona Bajrakurtaj and Ian Gregory.
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