OCTA Raises $3.5M to Expand AI Agents for Accounting Firms

UAE-founded OCTA has raised $3.5 million in seed funding to scale OCTA Flow, its new AI agents for accounting. The funding round brings the company's total capital raised to $5.6 million.

The round was led by Middle East Venture Partners (MEVP), with participation from Wa'ed Ventures, Plug and Play and A-typical Ventures, alongside existing investors Sukna Ventures and Sadu Capital.

Also Read: GreenHarvest Raises $45M to Scale Vertical Farming in Saudi Arabia. 

Expanding AI agents for accounting firms

The funding coincides with the launch of OCTA Flow, a suite of tools designed to handle recurring accounting work, including bookkeeping, reconciliations, and month-end close. OCTA Flow is designed to complete parts of an accounting firm's recurring workload before handing the work back to professionals for review and approval.

That distinction is central to OCTA's model. The company says accountants remain responsible for reviewing the output, making professional judgments, and approving the final work rather than handing those responsibilities to the software.

This launch expands OCTA beyond its original focus on accounts receivable and accounts payable for small and medium-sized businesses. With Flow, the company is now targeting accounting firms themselves and the larger volume of work they handle for clients.

Growth and Early Adoption of Automation

OCTA reports that more than 520 accounting firms signed up for access to Flow during its first six weeks after launch. The company also noted that its platform processed 172,000 transactions without manual handling in August.

OCTA estimates that this activity created more than $75,000 in additional billable capacity for accounting firms. This early adoption gives the company a strong customer base to expand its automation into additional workflows.

Company Origins and Market Expansion

OCTA was founded in 2024 by Jon Santillan and Nupur Mittal, initially building its business in Saudi Arabia and the UAE. The company cites regulatory changes in the Gulf, such as corporate tax and e-invoicing requirements, as drivers for increased demand in structured accounting work.

The company has since expanded into the US market. Its pitch there is focused on helping accounting firms manage staffing constraints while increasing their client capacity without proportional headcount growth.

Strategic Funding and Future Plans

Beyond the seed round, OCTA secured a $20 million credit facility from Saudi Arabia's Sukna Fund for Direct Financing in June. This facility provides short-term working capital through its invoicing and payments platform.

OCTA plans to use the new $3.5 million funding to strengthen its AI and engineering capabilities. The goal is to automate more accounting workflows and scale its presence in both the US and Gulf markets.

The company is effectively shifting its product from software that helps businesses manage finance operations to autonomous agents. These agents complete parts of the work, while leaving review and professional accountability with human accountants.

Why it matters to MENA startups

OCTA's expansion reflects a growing trend in MENA fintech from simple workflow automation toward AI agents that perform recurring professional tasks. For accounting firms, the value lies in handling more client work without increasing manual workload.

This model demonstrates how regulatory changes in the Gulf can create significant demand for new software. It also provides regional startups with a proven launchpad for expansion into larger markets like the US.