Numina raises €1.1M to offer free accounting software in Europe

A freemium bet against subscriptions

Numina was founded in 2024 by Jakob Olund Kristensen, an early Pleo employee, and Simon Boel Have, formerly of no-code platform Weld. Their thesis is that AI will upend the subscription model that has long underpinned accounting software. "As AI makes software cheaper to build, charging for access alone becomes harder to justify," said Olund Kristensen, who argues that businesses will increasingly pay for outcomes such as receipts booked, accounts reconciled and tax returns filed.

The 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, while the core product stays free.

AI assistants connect through MCP

A standout feature is support for the Model Context Protocol (MCP), an open standard that lets AI assistants interact with external data sources. Businesses can link tools such as Claude and ChatGPT to their accounts and have them prepare invoices or draft bookkeeping entries, then review and approve the work inside Numina. This connection is also free.

Numina integrates with Stripe, Pleo, Danløn, Gmail and Outlook, plus more than 2,500 bank connections across providers such as Danske Bank, Nordea, Revolut and Wise.

The next step is replicating the Danish model elsewhere. "Every country has its own accounting requirements, but much of the underlying work is the same," said Boel Have, who believes AI can make adapting a shared platform to local rules significantly cheaper, opening the door to a single accounting platform for small businesses across Europe.