Oncount Secures $1.5M to Revolutionize SMB Accounting in the UAE
Dubai-based accounting technology startup, Oncount, has successfully raised $1.5 million in seed funding. This financial injection will fuel the company’s ambitious plans to finalize and launch its innovative, AI-powered accounting platform specifically designed for Small and Medium-sized Businesses (SMBs). The investment, spearheaded by tech entrepreneur Sergey Panov, signals a significant step towards reshaping financial management for SMBs not only in the United Arab Emirates but also across the wider MENA region.
AI-Powered Accounting for SMBs
Oncount aims to provide SMBs with a streamlined and efficient accounting solution. The platform is built with data integrity and operational speed as core priorities. The platform will include unique features that improve the value and experience for SMBs. These include voice-activated document creation, ensuring accountant verification, and same-day transaction processing. Furthermore, Oncount promises rapid responses to accounting questions within 20 minutes and includes professional liability insurance within all service plans. These features are particularly relevant given that SMBs form the backbone of the UAE and MENA economies, accounting for approximately 90% of all businesses and contributing up to 50% of national GDP. In Dubai alone, these businesses employ 42% of the workforce.
In conclusion, Oncount’s successful funding round and its commitment to delivering a user-friendly, AI-driven platform have the potential to significantly improve the financial management landscape for SMBs in the UAE and the broader MENA region, offering them a robust and efficient solution for their accounting needs.
Keywords
Related Keywords: AI accounting platform, SMB accounting, Oncount, accounting software, small business accounting, AI for accounting, automate accounting, 15M funding, tech startup, financial automation
