Numina Technologies

Denmark · owned by Independent (Denmark) · numina.app · 25 vendors

Numina is a Danish AI-native accounting software platform that automates bookkeeping for startups, freelancers, and small businesses. Its flagship product, Numina Autopilot, uses AI agents to handle invoicing, bank reconciliation, VAT reporting, and document management automatically. The platform is certified by the Danish Business Authority (Erhvervsstyrelsen, registration no. fob605159) and integrates directly with SKAT (Danish tax authority) and 2,500+ banks across the EU.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 25 sub-vendors.

Insights

Last updated 2026-09-13 · revision 11

25 direct vendors, 306 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 7/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Numina Technologies demonstrates a high level of migration readiness, primarily driven by its modern and cloud-friendly tech stack. The internal tech stack leverages 'Next.js,' 'React,' 'Node.js,' 'REST API,' and extensively uses external APIs like 'OpenAI API,' 'Anthropic Claude API,' and 'Stripe API,' indicating a modular, API-driven architecture highly conducive to migration. The company's use of 'AI Agents' and 'LLMs' also points to a modern, often cloud-based infrastructure. Existing 'GDPR' compliance is a positive factor. However, several significant challenges temper this readiness. Regulatory hurdles are prominent, particularly the 'NIS2' regulation, which is 'Assessment Required' and carries a 'High risk.' Any migration would need to explicitly address NIS2 compliance, potentially adding substantial complexity, cost, and time. Similarly, the recommended 'SOC2' and 'ISO 27001' assessments would likely become requirements during a migration to ensure security and trust. 'Data residency requirements' mandate processing data exclusively in 'Microsoft Azure datacenters in Sweden and Denmark (EU/EEA),' which is a clear constraint on cloud provider and region choices, though manageable. The 'Vendor Lock-in Risk' is 'Unknown,' but the reliance on '48 services' and specific APIs (e.g., OpenAI, Anthropic) suggests potential complexity in switching core components. Critically, the 'null' revenue data for 2023-2024 makes it impossible to assess the company's financial capacity to fund a potentially complex migration. While the tech stack is a strong enabler, these unaddressed regulatory and financial unknowns significantly temper the overall migration readiness.

Compliance

9 in-scope frameworks identified; showing 3.

Danish Anti-Money Laundering Act — Partially Compliant

Risk is rated Medium because: (1) Numina explicitly acknowledges AML obligations and has documented KYC/CDD procedures, PEP screening, sanctions screening, and a risk-scoring model — demonstrating awareness and framework implementation. (2) However, no independent audit or Erhvervsstyrelsen inspection result is publicly available to confirm full compliance. (3) AML compliance for bookkeeping firms is actively supervised by Erhvervsstyrelsen in Denmark, and enforcement actions against non-compliant firms are documented. (4) The risk-scoring/profiling model described in the privacy policy must comply with both AML requirements and GDPR Article 22 — dual compliance is complex. (5) 'Partially Compliant' reflects that documented procedures exist but independent verification is absent. Fines for AML non-compliance can be substantial and reputational damage is significant.

Evidence: https://numina.app/privacy-policy, https://numina.app/terms-of-service, https://www.erhvervsstyrelsen.dk/hvidvask, https://www.retsinformation.dk/eli/lta/2017/651

PSD2 — Assessment Required

Risk is rated Medium because: (1) Numina uses PSD2-regulated open banking data (bank transaction feeds via Enable Banking, a licensed PSD2 provider) as a core part of its service. (2) Numina itself does not appear to be a licensed Payment Institution or Account Information Service Provider (AISP) — it uses Enable Banking as its PSD2 intermediary. (3) However, the contractual and data flow arrangements between Numina, Enable Banking, and end customers must comply with PSD2 requirements including customer consent, data minimisation, and security. (4) If Numina's platform directly initiates bank connections or handles payment initiation, additional PSD2 licensing obligations could arise. (5) The risk is Medium because the regulatory boundary between using a PSD2 provider and being subject to PSD2 directly requires formal legal assessment.

Evidence: https://numina.app/privacy-policy, https://enablebanking.com/, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32015L2366, https://www.finanstilsynet.dk/

ISO 27001 (source) — Assessment Required

ISO 27001 risk is rated Medium because: (1) Numina processes highly sensitive financial data (bank transactions via PSD2, tax filings, AML/KYC identity documents, client accounting records) on a cloud platform, making information security management critically important. (2) No ISO 27001 certification has been found, which is a gap for a financial data processor. (3) The company relies on Microsoft Azure EU infrastructure (which is ISO 27001 certified at the infrastructure level), but this does not cover Numina's own application-level security controls. (4) As a bookkeeping firm subject to hvidvaskloven (AML) and GDPR, Numina has implicit obligations to maintain appropriate technical and organisational security measures (GDPR Article 32), which ISO 27001 would help demonstrate. (5) Risk is Medium rather than High because the company is small, serves SMEs rather than large enterprises, and ISO 27001 is not legally mandated for bookkeeping firms in Denmark — though it is best practice.

Evidence: https://numina.app/privacy-policy, https://www.iso.org/standard/27001, https://azure.microsoft.com/en-us/explore/trusted-cloud/compliance

Financials

Three-year financials

Financial Resilience Score: 4/10

Numina Technologies (Numina Regnskab ApS, CVR 46553705) is a very early-stage Danish AI-bookkeeping startup with no publicly filed annual reports. The company was incorporated in the 2024-2025 range and its first annual report is expected to be filed with Erhvervsstyrelsen in 2026. As a result, no revenue, EBIT, or equity figures are available for assessment, and the company is likely operating at a loss funded by investor capital. Despite the lack of financial disclosures, the company has notable qualitative strengths: a credible founding team with backgrounds at Pleo and Weld, backing from well-known Danish angel investors (including co-founders of Founders, ex-Pleo executives, and The Nordic Web Ventures), and regulator-approved digital bookkeeping-system status (FOB605159) under Denmark's new Bogføringsloven. Its recurring subscription model (DKK 509-1,000/month) provides revenue predictability once scaled. However, the company faces significant risks: it operates in a highly competitive Danish accounting-SaaS market dominated by incumbents like e-conomic (Visma), Dinero (Visma), Billy, and Ageras; it has a narrow geographic focus on Denmark only; a small team of only 4 named operators creates key-person risk; and its customer base (~100 freelancers and holding companies) represents a segment with high churn and low ARPU. The score reflects seed-stage uncertainty with credible but unproven fundamentals.

Key strengths: Experienced founding team from Pleo and Weld, Strong backer roster including Founders co-founders and ex-Pleo angels, Recurring subscription revenue model with fixed monthly pricing, Regulator-approved digital bookkeeping system (FOB605159) under Danish Bogføringsloven, Trustpilot rating of 4.5 with 100+ early customers

Risk factors: Very early stage with no track record of profitability or scale, Highly competitive Danish accounting-SaaS market with much larger incumbents (Visma, Billy, Ageras), Narrow geographic focus on Denmark only, Small team (4 named operators) creates key-person risk, Customer concentration on freelancers/holding companies with high churn and low ARPU, Dependency on AI/automation delivering real cost savings vs. human bookkeeping labor, No audited financial statements filed yet

Revenue by geography

Workforce by country

Signed-in users can see whether their own company is exposed to this vendor's disruption, plus the full sub-vendor list and country breakdowns, every in-scope compliance framework plus gaps and next steps, and alerts when any of it changes.

View the full interactive report