Numica raises $21 million to buy accounting firms and move their work onto AI

Numica has raised $21 million in combined equity and debt to buy small accounting firms and move their work onto its AI platform. The financing, announced November 5, 2026, comes from Roosh X and Flashpoint Capital. CEO Slava Orekoff told Fortune that most of the money will fund more acquisitions.

The New York startup launched in June 2025. By November 5, it had acquired seven practices serving about 6,000 clients across New York, New Jersey, Florida, Texas and California. Those clients include restaurants, trucking companies, real estate businesses and health care practices.

Buying the practice, keeping the relationship

Numica targets firms with annual revenue of $700,000 to $5 million. The company says these practices are easier to integrate and often too small to attract traditional strategic buyers, according to Accounting Today. It considers both physical and virtual firms, including practices offering tax, bookkeeping and advisory services.

Orekoff describes sellers who want to stop managing a business without giving up their clients. Numica takes over billing, hiring and technical systems from the first day. Staff accountants stay in place, and former owners can work part-time with longstanding clients. Orekoff said most owners choose to remain involved.

The continuity promise extends beyond familiar faces. Numica says it preserves existing engagement letters, billing formats and communication habits, introducing changes gradually after relationships are stable. Client-facing employees retain their compensation, benefits and work arrangements. For administrative and back-office staff, the company says it discusses future roles individually as technology absorbs routine tasks.

Finding sellers also involves automation. Orekoff says Numica’s tools monitor broker listings and online marketplaces, alerting it to new listings within five minutes. But referrals from accountants who have already sold their practices are now its largest source of deals.

Software prepares; accountants sign

Acquired practices move onto Numica Ledger, an internal platform covering billing, the general ledger—the main record of financial transactions—client communication, workflow management and selected tax filings. The company describes the platform as a way to absorb operational work while supporting the people who run the practice.

Orekoff says the software categorizes transactions, builds profit-and-loss statements and balance sheets, and prepares state, federal, sales and payroll tax filings. Accountants check its output, handle unusual cases and work with clients. A certified public accountant, or CPA, still reviews and signs the final work.

He says the software covered about 75% of acquired firms’ workflows in its first year. That is a company-reported measure of workflow coverage, not a claim that accountants have disappeared from the process. Numica also projects margins at its first New York practice will reach 70%; that remains a forecast.

Disclosure stops short of the AI workload

Clients are told when their accounting firm is sold. Orekoff told Fortune that consent letters went out two hours after Numica’s most recent deal closed. But clients generally are not told that AI is doing much of the work, he said—a distinction between disclosing the change in ownership and explaining how the service operates.

Orekoff compared that choice to whether a client needs to know if calculations used a calculator or Excel. He acknowledged that some clients might leave over AI use. His position puts the emphasis on the finished service and the continuing client relationship, rather than on explaining the tools behind the work.