# Stacks

> Stacks is a London-based, AI-native enterprise finance platform that automates the month-end close. Its agentic AI handles the most manual workflows in accounting - reconciliations, journal entries and variance analysis - so finance teams can shift from process execution to analysis and decision-making. Founded by former Uber product lead Albert Malikov with a team drawn from Uber, Plaid, Mollie and Miro, Stacks raised a $23M Series A led by Lightspeed in February 2026 and counts 30+ enterprise customers including Pleo, Epidemic Sound, Cleo, Bloom & Wild and Nivoda.

- **Founded:** 2024
- **Headquarters:** London, United Kingdom
- **Founders:** Albert Malikov (Founder & CEO)
- **Team size:** ~44 employees
- **Products:** Close Management, Reconciliation Automation, Journal Entry Automation, AI Flux Analysis, Executive Reporting Suite
- **Notable:** Raised a $23M Series A led by Lightspeed in February 2026, Onboarded 30+ enterprise customers within a year of leaving stealth, Reported saving finance teams over 100,000 hours annually

## Products & services

- **Close Management** — Automates the month-end close: task tracking, dependencies, notifications and an audit-ready trail across the entire close cycle.
- **Reconciliation Automation** — AI-native reconciliation engine that performs high-volume transaction matching and discrepancy alerts, automating up to ~95% of reconciliations in some deployments.
- **Journal Entry Automation** — Prepares and posts journal entries automatically, cutting postings from days to minutes.
- **AI Flux Analysis** — Automates variance analysis, replacing spreadsheet-based commentary with explainable, account-level investigation.
- **Executive Reporting Suite** — Generates executive summaries and financial reporting with real-time trend and variance insight.
- **ERP Integrations** — Connects to systems like NetSuite and integrates with Excel for data synchronization across the finance stack.

## Achievements

- Raised a $23M Series A led by Lightspeed in February 2026
- Onboarded 30+ enterprise customers within a year of leaving stealth
- Reported saving finance teams over 100,000 hours annually
- Automates 90%+ of close work while maintaining audit readiness
- Featured as a Google Cloud customer story

## Latest updates

- **2026-02** — Raised $23M Series A led by Lightspeed, with EQT Ventures, General Catalyst and S16VC participating.
- **2025-11** — Profiled by The CFO on whether AI's 'one-click close' is finally within reach.
- **2025-02** — Raised $10M+ in consecutive rounds led by EQT Ventures and General Catalyst to simplify the financial close to one click.

## Links

- Website: https://stacks.ai
- LinkedIn: https://www.linkedin.com/company/stacks-ai

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Profile page: https://yespress.io/stacks
Published by YesPress — https://yespress.io
Last updated: 2026-06-06