Numarics
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Numarics was a Swiss 'business OS' for SMEs. Founded in 2020 by Kristian Kabashi and Dominique Rey, it combined an AI-powered accounting app with experienced human accountants — a digital CFO — automating bookkeeping, invoicing, document management, and liquidity planning in one mobile-first solution. It raised more than CHF 19 million, including a round co-led by UBS through UBS Next, and grew to around 100 specialists in nine offices serving over 3,000 clients, absorbing fiduciary firm A&O Kreston in German-speaking Switzerland. At the end of 2024 it merged with Swiss digital bank Radicant to build a fully digital integration of financial services with accounting and fiduciary business for SMEs.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Kristian Kabashi and Dominique Rey founded Numarics as a SaaS provider of accounting and business administration for SMEs.
- UBS-led round
Numarics raised over €10 million (CHF 10 million), co-led by UBS through UBS Next with FiveT Fintech, Wingman Ventures, and Seed X, plus a strategic partnership with UBS.
- Merged with Radicant
At the end of 2024, Numarics merged with digital bank Radicant, combining Numarics' SME accounting business with Radicant's private-client banking business into one smart-banking offering.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.