Company: Stacks
Co-founders: Albert Malikov and Naman Mathur
Website: https://stacks.ai/
About Stacks
Stacks is on a mission to reinvent the financial close – using AI to automate the manual work, so finance teams can lead with insight, not admin. Founded by former product leaders at Uber, where they met, Albert Malikov and Naman Mathur founded Stacks using agentic AI to unify financial data and workflows, making month-end close faster, easier, and smarter.
For too long, finance teams have been buried in manual work and outdated processes, keeping them from driving real impact. It takes most companies 12-15 days to close their books each month – that’s half the month gone before insights even reach leadership. Finance teams are stuck wrangling fragmented data from multiple systems, tools, and spreadsheets, just to understand where the money went. Every transaction has to be entered, categorised, and reconciled manually – followed by hundreds of checks for accuracy. By the time teams can actually analyse performance, they’ve already lost valuable time. Stacks enables finance teams to shift their energy from chasing data to shaping strategy – and focus on what really moves the business forward.
Stacks automates reconciliations, journal entries, variance analysis, and reporting – cutting hours of manual work. It plugs into an existing stack – from Excel to Oracle NetSuite – so teams can work where they’re already comfortable. Built on Google Cloud with bank-grade security, Stacks keeps financial data protected at every step. Albert and Naman’s backgrounds in product and user experience led them to invest in understanding their users early. They build products alongside financial teams directly, making it intuitive to and designed for real-world workflows. By automating manual tasks and syncing financial workflows, Stacks reduces reporting burdens and cuts close time by at least 3 days, freeing teams to focus on insights, not admin.
Since launch in 2024, Stacks raised EUR3 million in pre-seed funding led by EQT Ventures, followed by a EUR7 million seed round led by General Catalyst, with EQT Ventures doubling down on their investment. Headquartered in Amsterdam, the team has grown to 20 people since launch. The company already counts some of the UK Europe’s leading tech companies as customers – and they’re already seeing significant gains in productivity and efficiency as a result:
– Business banking platform Juni cut close time by 3.5 days and automated over 5,000 journal entries
– Personal finance app Cleo accelerated journal processing by 80% and updated key monthly reports in just 3 clicks
– Open banking payments firm Volt now reconciles 97% of transactions automatically, reducing close time by 3 days
Most recently, the company brought on online florist Bloom & Wild as a client. As Stacks continues to scale, Albert and Naman are focused on growing their team and building more tools to unify workflows across departments – so finance can lead with clarity, not complexity.
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