← Embedded Finance Index 2026

Numeric

“Can an AI-native close platform become the operating system for finance teams and replace legacy CFO-suite incumbents like FloQast and BlackLine?”

Founded2020
HQSan Francisco, California, USA
FoundersParker Gilbert
Total raised$92.5M
Latest roundSeries B
IndustryHorizontal SaaS / Accounting

The story

Founded in 2020 as a close-management project-tracking tool for accounting teams frustrated by Excel-based month-end processes. Layered in reporting, flux analysis, and transaction monitoring on top of the close checklist. In 2025 launched Cash Management (bank feeds, cash matching, JE automation) — a meaningful expansion beyond checklist software into the transactional layer of the accounting stack. In 2026 released an MCP server, positioning Numeric as an AI-native orchestration layer between finance teams' data and LLMs.

Last 12 months

2026-04

Launched Numeric MCP Server for AI agents to operate inside the close workspace.

2026-07

Published MCP usage report showing rapid AI adoption among finance customers.

2026-09

Launched the Financial Data Platform (FDP), pitched as a full ERP/ledger replacement: it models accounting events as objects (contracts, invoices, assets, payments) that automatically generate financial outputs, aiming to eliminate manual reconciliation, accruals, and journal entries and enable real-time close. Launch partners: CrossCountry Consulting, Highspring, and Propeller Industries.

Product timeline

2020

Numeric founded by Parker Gilbert (Velocity Labs Inc. DBA Numeric) to modernize the month-end close.· founding

2023

Launched Sage Intacct integration to complement existing NetSuite / QuickBooks / Xero ERP connectors.· product

2024

Raised $10M seed (May) then $28M Series A (October) led by Menlo Ventures; ARR grew 4x.· funding

2025

Raised $50.8M Series B; launched Cash Management module (cash matching, JE automation, bank feeds).· product

2026

Launched Numeric MCP server enabling Claude/ChatGPT/Gemini to work directly inside close workspace.· product

The stack

2 layers disclosed in Numeric’s embedded-finance stack

Payments / PSP

Stripe

Accounting

in the full report

Accounting gap: none

4 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Numeric — frequently asked

Who is Numeric's payment processor?

Numeric processes payments through Stripe.

Which accounting software does Numeric integrate with?

Numeric integrates with NetSuite, QuickBooks Online, Sage Intacct and Xero.

What is Numeric's embedded finance stack?

The Embedded Finance Index 2026 maps 2 layers in Numeric's stack: Payments / PSP (Stripe); Accounting (NetSuite, QuickBooks Online, Sage Intacct and Xero).

Who founded Numeric?

Numeric was founded by Parker Gilbert and is founded in 2020, headquartered in San Francisco, California, USA.

How much funding has Numeric raised?

Numeric has raised $92.5M in total (latest round: Series B).

Benchmark your own stack

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