Stacks

Stacks provides an AI-powered platform for enterprise finance teams, designed to automate and streamline accounting workflows. The company was founded by Albert Malikov, a former product leader at Uber and Plaid, who identified inefficiencies in the financial close process from his experiences. He established Stacks in 2024 to modernize these operations.

The company's core offering is a workspace that helps accounting teams accelerate their monthly financial close, enhance accuracy, and reduce risk. It utilizes AI agents to automate labor-intensive tasks such as account reconciliations, journal entries, variance analysis, and reporting. This automation allows finance professionals to shift their focus from manual data processing to more strategic analysis and decision-making. Stacks' platform is built on a data layer that integrates with various financial systems, including ERPs like NetSuite, creating a unified and consistent view of financial data. This integration capability allows for faster implementation compared to legacy systems, which often require extensive data migrations.

One of the key products is AI Flux Analysis, which automatically identifies the drivers behind financial variances, provides historical context, and generates draft explanations for review. The system is designed to learn from user feedback, improving its accuracy over time. The platform also features tools for close management, allowing teams to track tasks and maintain an audit-ready environment. Stacks serves mid to large enterprises and has onboarded over 30 customers, including companies like Volt, Cleo, and Epidemic Sound. These clients have reported significant reductions in close times, manual reconciliations, and audit cycles.

Stacks has secured significant funding to support its growth and product development. In February 2025, the company announced a $3 million pre-seed round led by EQT Ventures and a $7 million seed round led by General Catalyst. This was followed by a $23 million Series A round in February 2026, led by Lightspeed Venture Partners, with continued participation from its previous investors. Headquartered in London, with origins in Amsterdam, Stacks targets the global Office of the CFO software market.

Keywords: financial close automation, accounting AI, agentic platform, month-end close, account reconciliation, journal entry automation, variance analysis, financial reporting, ERP integration, finance operations, CFO software, audit readiness, financial data layer, AI Flux Analysis, automated accounting, transaction matching, enterprise finance, controllership automation, NetSuite automation, accounting workflow