Numica raises $21 million to buy more accounting practices
The New York startup says it raised a mix of equity and debt from Roosh X and Flashpoint, with most of the money intended for further acquisitions.
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The New York startup says it raised a mix of equity and debt from Roosh X and Flashpoint, with most of the money intended for further acquisitions.
Sole source: Fortune. Numica announced $21 million in combined equity and debt financing from Roosh X, the investment arm of Ukrainian technology group Roosh, and London-based Flashpoint. Cofounder and CEO Slava Orekoff said most of the money would go toward buying more accounting practices.
The financing combines ownership investment with debt that must be repaid; Fortune’s report does not specify how much was equity and how much was debt. Numica launched in June 2025 and has since acquired 7 practices, including a deal that Orekoff said closed on 2 November 2026. It serves about 6,000 clients across New York, New Jersey, Florida, Texas and California, Fortune said.
Orekoff cofounded the company with Victor Lysenko. Numica buys small practices from retiring owners, keeps their staff and clients, and moves the work onto its superintelligence (SI) software.
Orekoff said many owners want to keep seeing clients but no longer want to run a business. Numica takes over billing, hiring and technical systems from the first day, while the accountants clients know stay on. Owners can also remain part-time under transition plans lasting up to four years; Orekoff said most do so.
Clients are told when their firm is sold, but generally are not told that SI does much of the work. Orekoff said consent letters went out two hours after the latest deal closed; many states require client consent. He acknowledged that some clients might leave over the use of SI.
Orekoff estimates that roughly half of the 87,000 small accounting firms in the US are owned by baby boomer certified public accountants (CPAs) or enrolled agents who will retire within five to seven years, with fewer people entering behind them. US schools awarded 55,152 bachelor’s and master’s degrees in accounting in the 2023–24 school year, down 6.6% from the previous year, figures from the American Institute of CPAs show.
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Numica says its software codes transactions, builds profit-and-loss statements and balance sheets, and prepares tax filings. Accountants check the output, handle unusual cases and work with clients; a CPA reviews and signs the final work. Orekoff said the software covered about 75% of the firms’ workflows in its first year.
Numica said the margin at its first practice, in New York, rose from 37% to 52% within two months and projected it would reach 70%. Orekoff expects another acquisition to close during the week of 9 November 2026.
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