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Stacks

Category: AI in Fintech

An AI-powered financial workspace that automates month-end close processes, reconciliation, and financial reporting using agentic AI technology. Stacks was founded in 2024. The company is led by Albert Malikov. Based in Amsterdam, Netherlands. Team size: 20. Total funding raised: $33M+. Latest round: Series A ($23M, Feb 2026). Key investors include ["Lightspeed","General Catalyst","EQT Ventures","s16vc"].

Founded
2024
Headquarters
Amsterdam, Netherlands
Team size
20
Total funding
$33M+

Value proposition

Automates up to 90% of reconciliation work and 99% of manual journal entries, reducing financial close time by 47% while improving accuracy and compliance through AI-powered workflows.

Products and solutions

["AI-Powered Transaction Matching Engine","Automated Bank Reconciliation System","Smart Journal Entry Automation","AI Flux Analysis (Variance Analysis)","Financial Close Workspace Platform","Reporting & Analysis Suite","Agentic AI for Finance Workflows"]

Unique value

First platform to combine deterministic machine learning with agentic AI for finance, creating AI agents that can autonomously handle entire accounting workflows from reconciliation to reporting while maintaining full audit trails and compliance.

Target customer

Mid to large enterprise finance teams, CFOs, controllers, and accounting departments seeking to modernize financial operations

Industries served

["Enterprise Finance","Financial Technology","Accounting Automation","Enterprise Software","SaaS/Technology Companies","Financial Services"]

Technology advantage

Built a unified financial data layer that connects directly to all enterprise financial systems (ERPs, Excel, Slack), enabling real-time visibility and consistent financial views. The agentic AI learns from historical accounting decisions and company-specific rules to automate processes that previously required manual judgment, achieving up to 90% automation of reconciliation tasks.

How they differentiate

AI-native platform with agentic AI capabilities that autonomously handles entire accounting workflows from reconciliation to reporting, achieving up to 90% automation of reconciliation tasks and 97% reduction in manual reconciliations, versus traditional solutions that focus on task management and checklists

Main competitors

["BlackLine","FloQast","Numeric"]

Key partnerships

["Google Cloud (Technology & Infrastructure Partner)","Lightspeed (Series A Lead Investor)","General Catalyst (Seed Lead Investor)","EQT Ventures (Pre-seed Lead Investor)","Major ERP system integrations (Netsuite, SAP, Oracle, etc.)"]

Notable customers

["Volt","Cleo","Juni","Genesis"]

Major milestones

["Founded in April 2024 by Albert Malikov","$3M pre-seed round led by EQT Ventures","$7M seed round led by General Catalyst with EQT Ventures participation (Feb 2025)","$23M Series A led by Lightspeed (Feb 2026)","Appointed Farid Sedjelmaci as COO to lead UK expansion (Jun 2025)","Google Cloud partnership for AI infrastructure"]

Growth metrics

30+ enterprise customers in less than a year; 47% reduction in close time; 97% decrease in manual reconciliations

Market positioning

Emerging AI-first challenger targeting mid-to-large enterprise finance teams seeking intelligent automation over traditional checklist-based close management

Geographic focus

Europe (headquartered in Amsterdam), with UK expansion led by newly appointed COO

Patents and IP

No registered patents publicly disclosed as of latest update

About Albert Malikov

Former Head of Product Europe at Plaid (2020-2024), Product Lead at Uber (Uber Money), Co-Founder/CPO at inShopper (2014-2016), with previous experience at UBS Investment Bank and McKinsey & Company

Official website: