Numarics secures over ten million CHF

Numarics receives over CHF 10 million from UBS and other investors to help Swiss SMEs run their businesses. Its AI-powered platform offers digital services and simplifies business processes for greater efficiency and time savings.

Swiss FinTech startup Numarics has successfully raised CHF 10 million in a seed round for its AI-powered finance and administration solution for SMEs. The investment, led by UBS via UBS Next, FiveT Fintech and previous investors Wingman Ventures and Seed X, will support Numarics' growth and drive product development to offer a broader range of services.

Our goal is clear: we want to transform business management for SMEs that are burdened by time-consuming administrative tasks. We integrate complex processes such as accounting, payroll and taxes into user-friendly apps

Dominique Rey, co-founder and CEO Numarics

Numarics was founded in 2020 by Dominique Rey and Kristian Kabashi. Their goal is to simplify business management for SMEs through a mobile-first approach, integrating complex processes such as accounting, payroll and taxes into user-friendly apps. This enables SMEs to save money by avoiding expensive consultants and relying on Numarics' digital CFO solution, which combines AI and human expertise to automate administrative tasks and provide comprehensive insights into the business.

The successful seed round brings Numarics' investment volume to date to CHF 19.3 million. With over 100 experts and nine locations in Switzerland, Numarics has already built an impressive client base of over 3,000 companies. Numarics has continued its growth through four acquisitions, including the takeover of a&o kreston, a fiduciary company in Switzerland.

With UBS Next, we are investing in companies that are helping to shape the future of banking and meet the changing needs of our clients.

Mike Dargan, Group Chief Operations &Technology Officer UBS

UBS Next's investment underscores UBS's commitment to shaping the future of banking and meeting the needs of our clients. Mike Dargan, Group Chief Operations and Technology Officer of UBS, emphasized the importance of SMEs as a client base and supporting the growth and product development of Numarics.

Pascal Mathis, Founding Partner at Wingman Ventures, was impressed by the way Numarics works and its ability to change the way SMEs operate. He is convinced that this financing round will enable Numarics to reach even more SMEs with its transformative solutions.

Numarics has already been recognized for its product and received the gold award in the Enterprise category at the Best Of Swiss Apps 2021. In addition, Numarics was recognized by the prestigious Swiss FinTech Awards as one of the top 10 fintech companies in Switzerland and one of the top 5 startups in the growth phase. This underlines the recognition and success that the company has already achieved.