mika provides AI-powered accounting automation specifically for small German GmbHs and UGs lacking internal finance functions. The platform handles transaction coding, VAT pre-declarations, and document management to significantly reduce administrative effort and compliance risk. This allows business owners to save time and costs while maintaining real-time financial oversight.
Funding
$870K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SSFounders
Product
Problem
Small businesses often struggle with bookkeeping and tax reporting due to the complexity and time-consuming nature of manual accounting processes. Many lack the resources to hire a dedicated CFO, leading to errors, missed deductions, and potential compliance issues. This can distract from core business activities and hinder growth.
Solution
Mika is an AI-powered accounting platform designed to automate bookkeeping and tax reporting for small businesses. The platform uses machine learning to analyze uploaded invoices and receipts, automatically categorizing transactions and generating financial reports. Mika provides users with a virtual AI assistant that answers accounting questions and explains complex financial concepts in simple terms. By automating these tasks, Mika aims to reduce accounting costs, maximize tax refunds, and free up business owners to focus on their core operations.
Target Audience
Mika targets small business owners in Germany, specifically those operating a GmbH or UG with up to 30 employees, fewer than 500 monthly transactions, and no internal finance function, such as IT consultancies, design agencies, marketing agencies, software development agencies, and recruiters.
Features
- Automated invoice and receipt processing using AI-powered document analysis
- Automatic transaction categorization and reconciliation
- AI-powered chatbot for instant answers to accounting and tax-related questions
- Real-time financial reporting and dashboard with key performance indicators
- VAT (USt) pre-filing
- Integration with DATEV for seamless data exchange with tax advisors
- Support for German GmbH and UG legal entities
- Mobile app for on-the-go access and document uploads