OCTA lands $3.5M seed to build AI agents for accounting firms
What's the deal? OCTA has raised US$2.26M seed round led by MEVPDealroom has a profile for this one. Try Dealroom →, with participation from Wa'ed VenturesDealroom has a profile for this one. Try Dealroom →, Plug and Play, A-typical VenturesDealroom has a profile for this one. Try Dealroom →, and existing backers Sukna VenturesDealroom has a profile for this one. Try Dealroom → and Sadu CapitalDealroom has a profile for this one. Try Dealroom →. The round takes the startup's total funding to $5.6 million.
What's the endgame? Founded in 2024 by Jon Santillan and Nupur Mittal, OCTA first automated accounts receivable and payable for SMEs, including invoicing, payments, and collections. It is now expanding into the work accounting firms do for those businesses.
What's new? The company has launched OCTA Flow, a set of AI agents that handle bookkeeping, reconciliations, and month-end close before handing work back to accountants for review and approval. More than 520 firms signed up in the six weeks since launch, OCTA says.
OCTA says its platform processed 172,000 transactions without manual handling in August, freeing up more than $75,000 in billable capacity for accounting firms.
Why now? OCTA started in Saudi Arabia and the UAE, where corporate tax, e-invoicing, and other rules have increased the finance and accounting work businesses must produce. It has since expanded into the US, where the driver is staffing economics rather than regulation — targeting firms that want more clients without adding headcount at the same pace.
The founders bring fintech pedigree. Santillan previously co-founded remittance infrastructure company DenariiDealroom has a profile for this one. Try Dealroom →, whose assets Careem acquired in 2022; Mittal came from Careem Pay after an earlier stint at BCGDealroom has a profile for this one. Try Dealroom →.
OCTA raised US$1.46M pre-seed in October 2024, co-led by Quona CapitalDealroom has a profile for this one. Try Dealroom → and Sadu Capital. Last June, it also secured a separate $20 million credit facility from Saudi's Sukna Fund for Direct FinancingDealroom has a profile for this one. Try Dealroom → to offer short-term working capital through its platform.
The signal: The $3.5 million round sits above the typical seed cheque, ranking in roughly the top quarter by size. It reflects growing investor appetite for AI agents that take on recurring professional work — here, letting accountants keep final sign-off while software does the repetitive load.
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