OCTA, an AI accounting firm operating across Saudi Arabia, the UAE and the US, has raised US$3.5 million in a seed funding round led by Middle East Venture Partners. The round brings OCTA's total funding to US$5.6 million.
Wa'ed Ventures, Plug and Play and A-typical Ventures joined the round alongside existing backers Sukna Ventures and Sadu Capital. The fresh capital comes months after OCTA secured a separate US$20 million credit facility from Sukna Fund in June 2025, used to support embedded working capital financing for small and medium enterprises in Saudi Arabia.
What OCTA Flow does
At the centre of OCTA's business is OCTA Flow, a product that deploys AI agents to handle bookkeeping, reconciliations and month-end closing for accounting firms. Since launch, more than 520 firms have signed up for access within six weeks.
The scale of usage is already visible in the numbers: OCTA's platform processed 172,000 transactions in August 2026. Based on that volume, the company estimates its technology freed up more than US$75,000 in billable capacity that firms would otherwise have spent on manual processing.
For accounting firms in Dubai, Abu Dhabi and beyond, that kind of automation speaks directly to a persistent industry pressure point: staff time spent on repetitive reconciliation work rather than higher-value advisory services.
Why this matters for accountants, not against them
OCTA is positioning its technology as a tool that strengthens accountants rather than replaces them. A company representative explained the thinking behind the product: "The accountant is still the protagonist. They own the client relationship, they understand the context, and ultimately they are accountable for the work. AI changes how much of that work they need to produce manually. If we can give an accounting firm significantly more operating leverage, the firm itself becomes more powerful."
The same representative framed the shift in the broader context of how software is used in the profession: "For years, software was something a firm used to get the work done. AI makes it possible for the software to produce the work itself. But in accounting, someone still has to review it, make the judgment call and stand behind the outcome. That puts accounting firms in a very strong position."
Regional roots, global expansion
OCTA began operating in Saudi Arabia and the UAE before expanding into the US market. The company's investor base reflects that regional footprint, with Wa'ed Ventures and Sukna Ventures among its backers alongside international names such as Plug and Play.
The seed round and the credit facility together point to a company building on two fronts: automating the operational side of accounting through OCTA Flow, while also embedding financial products aimed at SME working capital needs in Saudi Arabia.
For firms across the UAE weighing how artificial intelligence will reshape back-office accounting work, OCTA's early adoption numbers, and its funding backers, suggest investors see near-term demand for tools that compress the time spent on bookkeeping without removing the accountant from the process.
