Meet the AI company retiring your CPA so he can still see you face to face this tax season

Slava Orekoff, co-founder and CEO of Numica, an AI startup based in New York, is acquiring small accounting practices from retiring owners. The company aims to retain the staff and clients while transitioning the work onto its AI software. On Thursday, Numica announced it raised $21 million in a mix of equity and debt from Roosh X and the investment arm of Ukrainian tech group Roosh.

This funding will be used to acquire more firms. Since launching in June 2025, Numica has purchased seven practices and serves around 6,000 clients in New York, New Jersey, Florida, Texas, and California. The company expects to close another deal soon. According to Orekoff, roughly half of the 87,000 small accounting firms in the U.S. are owned by baby boomer CPAs or enrolled agents who will retire within five to seven years.

Fewer people are entering the profession, with the American Institute of CPAs reporting a 6.6% decrease in accounting degrees awarded in the 2023-24 school year. As a result, clients may struggle to find new accounting services when their current CPAs retire. Numica takes over billing, hiring, and technical systems on day one, keeping the existing accountants and owners on part-time to manage their longest-standing clients.

The AI software covers about 75% of the firms' workflows and will eventually reach 70% in profitability. Clients remain unaware of the AI's involvement in their accounting tasks. Numica's approach aims to provide clients with peace of mind as their CPAs retire, ensuring continued service and personal attention.