Stacks Revolutionizes Financial Reporting with €19 Million Funding Boost

Stacks, a leading British platform for enterprise finance, has successfully raised a Series A funding round of €19 million ($23 million). The highlight of this financing round is the introduction of their new reporting and analysis suite, which features their latest offering, AI Flux Analysis.

The funding round was spearheaded by Lightspeed, with EQT Ventures, General Catalyst, and S16VC also participating. Notably, this round comes shortly after Stacks’ previous seed financing of €10 million ($12 million) less than a year ago, as reported by EU-Startups.

Albert Malikov, the Founder and CEO of Stacks, emphasized the company’s focus on addressing the core issue of fragmented data in finance. By developing an AI-ready data layer, Stacks aims to enable the integration of AI agents into operational finance, empowering CFO teams to shift their focus towards higher-value analysis and decision-making.

Recent reports from EU-Startups indicate a growing investor interest in enterprise AI and related data infrastructure throughout 2025 and early 2026. Companies like Agaton in Stockholm, Blockbrain in Germany, and SurrealDB in the UK have secured significant funding for their AI-focused platforms.

The collective funding raised by these companies, along with Stacks’ Series A round, underscores the sustained investment in platforms that tackle fragmented data, enterprise automation, and AI deployment within core business functions.

Lightspeed Partner, Alex Schmitt, commended Stacks for their unique positioning in addressing challenges within enterprise finance. The company’s blend of technical expertise and finance acumen, coupled with its impressive traction, instills confidence in their ability to lead the AI transformation within CFO offices.

Founded in 2024 by former leaders from Uber and Plaid, Stacks is an AI platform designed for enterprise accounting teams. The platform leverages AI agents to automate various operational finance workflows, including reconciliations, journal entries, flux analysis, and month-end closing processes.

With a global customer base that includes companies like Volt, Motorway, Cleo, and Bloom & Wild, Stacks has demonstrated substantial time savings for finance teams. By automating reconciliations, journal entries, and month-end closings, the platform has been able to save finance teams over 100,000 hours annually.

The company recognizes fragmented data as a significant barrier in enterprise finance, leading to manual workarounds and limited real-time visibility. Stacks has addressed this challenge by developing a robust data layer that connects directly to finance systems, creating a unified financial view and enabling reliable automation at scale.

Moreover, Stacks has introduced new features like AI Flux Analysis, which automates variance analysis and enhances business explanation capabilities. The platform also offers a leadership-ready executive summary as part of its broader intelligence suite for enterprise finance.

Testimonials from clients like Motorway and Cleo highlight the tangible benefits of using Stacks, including faster close times, streamlined journal entry processing, and enhanced financial reporting capabilities.

Overall, Stacks’ relentless focus on innovation and addressing fundamental challenges in enterprise finance positions them as a leader in the evolving landscape of AI-driven financial solutions. Transform the following sentence:

“The cat is sleeping peacefully by the window.”

to:

“By the window, the cat is peacefully sleeping.”