Nagaris, a platform built to run Australian accounting practices, has completed a seed equity round worth A$1.26m, backed in part by the partners behind AI-native accounting firm BPAG Accountants.
The partners of the five practices that combined to create BPAG took part in the round. They were joined by several other accounting firms, a group of private investors and the founder of Nagaris. Best Practice Group helped arrange the investment.
The round closed in August 2026 and was made up entirely of ordinary shares. Nagaris plans to put the capital towards developing its product further.
The company points to BPAG as evidence that its technology delivers. The firm was created when five practices came together: Proactive Business Services in Sydney, CP Partners and BPAG Epping in Melbourne, Palacc near Canberra, and PBS Accountants & Advisers in Adelaide. The combined business now operates from four offices, serves thousands of clients and uses Nagaris to run the entire practice.
Within the platform, an assistant called Ask Nagaris draws on more than 80 specialist skills to produce first drafts of everyday tasks, including BAS workpapers, Division 7A calculations, research notes and letters to clients. Because the system creates workpapers directly from a client’s Xero data, a BAS that once demanded over 90 minutes of preparation can now be reviewed and approved in around 10 minutes, though more complicated returns take longer. Every output is checked and approved by a qualified accountant, and no material is sent to clients or the ATO without human sign-off. Over a fortnight, 54 BPAG staff used the assistant close to 2,000 times.
Nagaris also produces the Nagaris AI Accounting Index, which grades AI models against 112 questions on Australian accounting, and routes each query to whichever model configuration performs strongest. In addition to BPAG, a further 50 accounting firms are using the platform.
Founded in 2025 and headquartered in Sydney, Nagaris offers Australian accountants a single client file that brings together proposals, AML/CTF checks, e-signing, client queries, phone calls, SMS, meeting notes, internal chat, BAS workpapers and documents, with Ask Nagaris operating across all of these under the firm’s approval.
Nagaris founder Robert Coorey said, “Plenty of people are describing what an AI-native accounting firm might look like. BPAG is one: five firms, four offices, one client file, and a person signing off everything the software drafts.”
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