Octa Secures $3.5M to Revolutionise Accounting AI, Launches OCTA Flow

Abdelrahman Amr

Last updated 17-09-2026

4 min

Octa raised $3.

5 million in seed funding, taking total backing to $5.

6 million.

It launched OCTA Flow to handle “repetitive accounting work” like bookkeeping and reconciliations.

The company says accountants remain in charge, with “no finished work” sent without review.

Early demand looks strong, with 520 firms signing up within six weeks.

The new funds will grow AI teams and expand further across the US and Gulf.

UAE-based startup Octa has secured $3.5 million in seed funding as it pushes deeper into AI tools for accounting firms, especially in the US. The round was led by Middle East Venture Partners, with participation from Wa’ed Ventures, Plug and Play, A-typical Ventures, and existing investors Sukna Ventures and Sadu Capital. All in, the company’s total funding has now reached $5.6 million.

The raise comes alongside the launch of OCTA Flow, a new suite of AI agents built to handle repetitive accounting work such as reconciliations, bookkeeping and month-end closing. In simple words, the software does the heavy lifting on routine finance tasks, while accountants stay in charge of checking, approving and standing behind the final result. That bit matters. In MENA’s startup scene, plenty of founders talk about automation as if humans can just step aside, but I reckon finance does not work like that.

Octa says no finished work goes out to clients without human review. The idea is not to replace accountants, but to cut out the grind. The platform prepares work, flags issues that need attention, and brings in professionals whenever judgement, approval or more context is needed. It sounds spot on for firms trying to grow without turning hiring into a full-time headache.

Before this, Octa had focused on accounts receivable and accounts payable, covering work like invoicing, payment collection and follow-ups. With OCTA Flow, the company is stretching that model across the wider monthly accounting cycle. That includes bookkeeping, reconciliations and closing procedures, which, as anyone who has ever sat near a finance team at month-end knows, can be a bit of a faff.

Nupur Mittal, Octa’s co-founder and chief operating officer, pointed to a bigger shift in how software is being used in the profession. “For years, software was something a firm used to get the work done. Now the software can produce the work itself. But someone still has to review it, make the call, and stand behind the outcome,” she said.

Early traction seems strong. Octa said more than 520 accounting firms signed up for access to OCTA Flow in the first six weeks after launch, and more customer groups are now being onboarded. In August 2026 alone, the platform processed 172,000 transactions. According to the company’s estimate, that gave firms more than $75,000 in extra billable capacity during the month. Well… I mean, for accounting practices watching margins closely, that is not small change.

Jon Santillan, co-founder and chief executive of Octa, framed the product as a support layer rather than a substitute for accountants. “The accountant is still the protagonist. They own the client relationship, they understand the context, and they’re accountable for the work. What changes is how much of that work they have to produce by hand,” he said.

Octa is working with accounting firms and business clients in both the US and Gulf markets. In the Gulf, demand is being helped by fresh tax, compliance and e-invoicing rules, which are creating more structured financial work for companies to deal with. On the flip side, in the US the company is targeting firms under pressure from labour shortages and tighter margins as they try to scale without expanding headcount at the same pace.

The new capital will be used to strengthen Octa’s AI and engineering teams, automate more accounting workflows, and widen its reach in the US and Gulf. The US is expected to stay central to its international growth plans. For Arageek readers who follow startup infrastructure, this is one of those less flashy plays that can still be quite powerfull. It may not shout as loudly as consumer apps do, but if it saves firms time and frees professionals to focus on judgement and client work, that can go a long way.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!