mika, a Berlin-based vertical AI business building an alternative to the traditional tax firm, has secured €6m in seed funding to support its growth and continue developing its platform.
Pan-European investor Smedvig Ventures led the round. Basel family office Wecken & Cie. (Care4 AG) also took part, as did studiVZ co-founders Dennis Bemmann and Michael Brehm, limango founder Johannes Ditterich and Martina Pfeifer of encourageventures. Existing backers Keen Venture Partners and Dutch Founders Fund added to their holdings.
The company is not simply putting a digital layer on top of conventional tax advisory. Instead, it has designed accounting, tax and finance from scratch as an AI-native financial operating system for SMEs. For small GmbHs and UGs, the platform handles day-to-day bookkeeping, VAT returns, annual accounts and tax filings.
Germany is home to almost one million small incorporated firms, and every one of them must legally keep books, file VAT returns and produce annual accounts, mika said. Management could in principle do this work itself, but few attempt it. A single error can lead to back-taxes or fines, and the relevant rules sit across tax codes that are revised every year. As a result, nearly all small companies pay a tax adviser or firm to take care of it.
Founder and CEO Agnieszka Walorska has first-hand experience of this hurdle. She started her first business without entrepreneurial role models, family wealth or a network to rely on. For some founders, an annual adviser bill of a few thousand euros barely registers. For others, it stops a company from being launched at all, and it turns German bureaucracy into an obstacle for people without savings or connections.
At the core of mika is a proprietary AI-native general ledger built specifically for German accounting. Its AI interprets each receipt and payment, and it draws on different models depending on the job. Those models operate within domain knowledge and rules that mika has developed in-house. The system categorises and books transactions and tells users what each entry means, often with no manual input required. Qualified accountants on staff review the output and take over when a case is too complex for automation.
Users can also query their own financial data, either within mika or through the Model Context Protocol (MCP) in assistants such as ChatGPT or Claude. Customers can upload confusing letters from the tax office and receive an immediate explanation along with next steps, and the AI chat answers questions about their accounts at any hour. mika does not yet provide individual tax advice, so it refers those cases to licensed tax advisers in its network.
The customer base has grown from about 250 GmbHs and UGs at the start of the year to more than 750 today. mika first served digital-first service firms such as agencies and consultancies. It has since expanded into SaaS, property and e-commerce, with retail and skilled trades the newest segments. Revenue has risen by more than 20% each month, and the company passed €1m in annual revenue in July 2026.
mika founder and CEO Agnieszka Walorska said, “The moment you start a GmbH in Germany, you’re told you need a tax adviser. It goes so far that some founders think it’s a legal requirement. To me, it’s obvious that this cannot be how it works. At mika, we use AI to tear down that barrier, so that your bank balance or the family you were born into no longer decides who gets to start a company.”
Smedvig Ventures principal Freddie Kalfayan said, “Nowhere else in Europe is accounting and tax as demanding or costly for small businesses as in Germany, where the two are so tightly linked that a single mistake carries straight through to the tax bill. It is the reason big international players never gained a foothold here, and why SMEs were left with no real alternative.
“mika is the first to build for this reality instead of around it, and its customers demonstrate some of the strongest enthusiasm we have seen across our portfolio.”
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