Numarics, a Zurich, Switzerland-based FinTech startup building a business OS, raised €10.2M in seed funding.
The round was co-led by UBS through UBS Next, the firm’s venture and innovation unit, together with FiveT Fintech (formerly Avaloq Ventures) alongside previous investors Wingman Ventures and Seed X.
The company intends to use the funds to grow through acquisitions, expansion in the DACH region and further product development to offer a broader range of services.
Founded in 2020 by Kristian Kabashi, a business transformation and digital innovation expert, and Dominique Rey, a senior expert in financial accounting and regulatory audits with years of experience at PwC and Grant Thornton, Numarics provides an automated accounting and administration solution tailored to SMEs. It offers a digital CFO solution for businesses to automate many aspects of the back office, by removing administrative tasks and providing insights from across the business.
Numarics has raised €19.7M to date. In a short period, it has scaled to great heights and won the trust of many businesses. At present, Numarics operates from nine offices across Switzerland. With a team of over 100 experts, the company has built a substantial customer base of over 3,000 clients. Numarics has made four acquisitions this year, including acquiring a&o kreston, one of the leading fiduciary companies in Switzerland.
The company serves more than 3,000 customers.
FinSMEs
06/07/2023