Numra
Numra is an AI-driven financial operations automation company that provides digital workforce solutions to finance teams, significantly increasing productivity and reducing manual workload. Their flagship product, Mary, automates accounts payable processes by capturing invoices, matching them to purchase orders, validating, approving, and executing payments, reducing invoice processing time from 8 minutes to 2 minutes and cutting costs from $5.71 to $1.10 per invoice. Numra's business model focuses on SaaS subscription services, enabling finance teams to scale capacity without increasing headcount. The company is positioned as a leader in autonomous accounting, targeting modern finance teams with a mission to transform finance into a strategic asset through AI. They have traction with multiple finance leaders and companies praising the efficiency and productivity gains from their digital teammates.
Numra
Numra is an AI-driven financial operations automation company that provides digital workforce solutions to finance teams, significantly increasing productivity and reducing manual workload. Their flagship product, Mary, automates accounts payable processes by capturing invoices, matching them to purchase orders, validating, approving, and executing payments, reducing invoice processing time from 8 minutes to 2 minutes and cutting costs from $5.71 to $1.10 per invoice. Numra's business model focuses on SaaS subscription services, enabling finance teams to scale capacity without increasing headcount. The company is positioned as a leader in autonomous accounting, targeting modern finance teams with a mission to transform finance into a strategic asset through AI. They have traction with multiple finance leaders and companies praising the efficiency and productivity gains from their digital teammates.
TL;DR
What they do: AI agents that automate finance operations (accounts payable, reconciliations, inbox/workflow automation)
Flagship product: Mary — automates accounts payable, cutting invoice processing time from 8 to 2 minutes and cost per invoice from $5.71 to $1.10
Stage & funding: Seed-stage; investor listed: Elkstone Capital Partners
Headcount: ~8 employees
HQ & founding year: Dublin, Ireland; founded 2023
Company Overview
Problem Domain
Finance operations and accounting automation, including accounts payable, inbox automation, revenue/cash operations, reconciliations, journals, and finance data transformation.
Founded
2023
Industry
Financial operations automation
Tech Stack
Funding Track Record
USD 1660000.00
Total funding reported with last funding date 2023-12-14.
EUR 1.5m
Dealroom lists a May 2024 seed round of €1.5m led by Elkstone Capital Partners.
Investor Signal
“Elkstone Capital Partners listed as an investor / seed lead”