Dubai – Sharikat Mubasher: UAE-based accounting technology startup Oncount secured $1.5 million in seed funding led by tech entrepreneur Sergey Panov, aiming to simplify small-business finance with artificial intelligence.

According to a recent press release, the capital will accelerate the launch of Oncount’s AI-powered accounting platform, support go-to-market efforts, and onboard its first wave of small and medium-sized business (SMB) clients in the UAE.

Oncount’s platform automates bookkeeping and tax tasks with AI-driven bank reconciliations, document processing, personalized tax calendars, and same-day transaction handling, while offering a dedicated team of accountants and liability insurance.

Following its UAE debut, Oncount plans to expand into Saudi Arabia, Egypt, Kazakhstan, and Uzbekistan, targeting markets with growing compliance demands and underserved SMB sectors. Founder Sergey Panov said the company aims to give entrepreneurs “peace of mind to focus on growth” as financial regulations tighten across the region.