Numina raises €1.1 million to take free accounting across Europe

By Nathan Brooks

Copenhagen-based Numina has raised €1.1 million in pre-Seed funding to expand a free accounting platform for small businesses across Europe.

Numina said the round included Nebular, Emblem, Founders A/S, The Nordic Web, angel investor Bjarke Klinge Staun, Light co-founder Jonathan Sanders and Sequoia Scout Alen Cvisic.

Founders A/S is the venture firm co-founded by Simon Sylvest and Stefano Zorzi. Numina identified both men as early investors in Danish FinTech unicorn Pleo.

Numina was founded in 2024 by Jakob Olund Kristensen, an early Pleo employee, and Simon Boel Have, formerly of no-code platform Weld. The company says AI will fundamentally transform the subscription-based model underpinning the accounting software industry.

What does the free model change for small businesses?

Numina says its 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; the core product remains free.

For a small business, the practical change is access to core accounting functions without a software fee. The buying decision then turns on which optional services solve specific needs, making execution and add-on relevance more important than access alone.

A pricing bet on outcomes

“We believe businesses will increasingly pay for outcomes — receipts booked, accounts reconciled and tax returns filed. As AI makes software cheaper to build, charging for access alone becomes harder to justify.”

“That creates a difficult transition for established companies like Visma, whose customers already pay subscriptions. We’ve built Numina around free software from the start,” said Jakob Olund Kristensen, co-founder and CEO, Numina.

Numina built the free core into its model from the start. CEO Jakob Olund Kristensen believes businesses will pay for completed work as AI lowers the cost of basic software, shifting vendor comparisons toward outcomes and optional services.

AI enters the ledger

Numina supports the Model Context Protocol (MCP), an open standard that lets AI assistants interact with external data sources. Through that integration, businesses can connect Claude and ChatGPT directly to their accounts and ask them to prepare invoices or draft bookkeeping entries.

Businesses review and approve the work inside Numina. The company says the MCP connection is free of charge, bringing AI-assisted bookkeeping under the same free-core model.

Numina said its platform also integrates with a wide range of services:

• Stripe, Pleo and Danløn.
• Gmail and Outlook.
• Over 2,500 bank connections across Danske Bank, Nordea, Revolut and Wise.

Together, the integrations give AI assistants a broader operating context than a general-purpose chatbot. The review-and-approval step keeps the final bookkeeping decision inside Numina.

One platform, many rules

“Every country has its own accounting requirements, but much of the underlying work is the same. We believe AI can make it significantly cheaper to adapt a shared platform to those local requirements. That opens up the possibility of building one accounting platform for small businesses across Europe,” said Boel Have, Numina’s co-founder.

Under Have’s model, Numina can build common bookkeeping functions once and use AI to adapt them for country-specific requirements. The approach is intended to reduce duplicated local product work and gives the company a technical basis for European expansion.

The fresh capital will support international expansion and continued product development. Numina plans to replicate in other European markets what it has built in Denmark.

For European small businesses, the test is whether a free core can gain traction beyond Denmark while paid add-ons remain valuable enough to fund expansion. Numina must also show that local requirements can be added without making the shared platform costly to maintain.

More than 1,000 Danish businesses provide the initial proof point. The €1.1 million buys the next phase.