Copenhagen's Numina raises €1.1 million for free accounting software for small businesses

Numina, a Copenhagen-based startup building a free accounting platform for small businesses, has raised €1.1 million in pre-Seed funding. Investors include Nebular, Emblem and Founders A/S, the firm co-founded by Simon Sylvest and Stefano Zorzi, both early Pleo investors. The Nordic Web, angel investor Bjarke Klinge Staun, Light co-founder Jonathan Sanders and Sequoia Scout Alen Cvisic also took part.

Numina was founded in 2024 by CEO Jakob Olund Kristensen, an early Pleo employee, and Simon Boel Have, formerly of no-code platform Weld. It is built on the thesis that AI will transform the subscription model that has long underpinned accounting software. Olund Kristensen argues that businesses will increasingly pay for outcomes such as receipts booked, accounts reconciled and tax returns filed, and that charging for access alone becomes harder to justify as AI makes software cheaper to build. He says this creates a difficult transition for established companies like Visma, whose customers already pay subscriptions.

The freemium platform is live in Denmark, where more than 1,000 small businesses use it to send invoices, connect bank accounts and file VAT returns at no cost. Customers pay only for optional add-on services. It supports the Model Context Protocol (MCP), an open standard that lets AI assistants interact with external data. Businesses can connect tools such as Claude and ChatGPT to their accounts, have the assistant prepare invoices or draft bookkeeping entries, and then review and approve the work in the platform. This is also free. Numina integrates with Stripe, Pleo, Danløn, Gmail and Outlook, plus over 2,500 bank connections including Danske Bank, Nordea, Revolut and Wise.

The new funding will go toward international expansion and product development, with the aim of repeating the Danish model in other European markets. Boel Have says accounting rules differ by country but much of the underlying work is the same, and AI can make it much cheaper to adapt a shared platform to local requirements. That opens the possibility of one accounting platform for small businesses across Europe.