neno Secures $15 Million Series A Funding to Accelerate AI-Powered Accounting Automation

Amsterdam, NL – January 4, 2026

neno, the leading AI-powered accounting automation platform for small and medium-sized businesses, today announced it has raised $15 million in Series A funding led by Benchmark Capital, with participation from existing investors including Y Combinator and several prominent fintech angels. The funding will be used to expand neno's engineering team, accelerate product development, and scale go-to-market operations across North America and Europe.

Since launching in 2024, neno has experienced remarkable growth, processing over $2 billion in transactions for more than 8,000 businesses worldwide. The platform's proprietary AI technology automatically categorizes transactions, reconciles accounts, and generates financial reports with 99.7% accuracy, reducing bookkeeping time by an average of 15 hours per week for customers. This latest funding round brings neno's total capital raised to $22 million and values the company at $85 million.

"Traditional bookkeeping is broken for small businesses—it's time-consuming, expensive, and prone to errors," said Maria Chen, CEO and co-founder of neno. "Our AI-powered platform eliminates the busywork so business owners can focus on growth instead of data entry. This funding allows us to double down on our mission to make professional-grade accounting accessible to every business, regardless of size or budget."

The investment from Benchmark Capital marks a significant milestone for neno and validates the company's approach to solving accounting automation challenges. "neno's technology represents a fundamental shift in how small businesses manage their finances," said Sarah Johnson, Partner at Benchmark Capital, who will join neno's board of directors. "Their ability to deliver enterprise-grade automation at an accessible price point, combined with exceptional customer satisfaction scores, made this investment decision straightforward. We're excited to support their next phase of growth."

neno plans to use the funding to launch several new features in 2026, including predictive cash flow forecasting, automated tax preparation, and enhanced multi-entity support for businesses managing multiple locations or subsidiaries. The company will also expand its team from 35 to over 75 employees by year-end, with a focus on machine learning engineers, product designers, and customer success specialists.