Founded: 2024

Products: Stacks.ai

Overview: Stacks.ai is a startup that launched in February 2025 with the aim of automating the month-end close process. It does this by removing the common inefficiency of handling fragmented data across multiple systems, tools, and spreadsheets. The platform integrates with existing financial systems such as Oracle’s NetSuite to facilitate automation of reconciliations, journal entries, flux and variance analysis, and reporting, while still allowing use of Excel.

Stacks.ai is built with “bank-grade security” (SOC2, ISO 27001, GDPR) both in transit (TLS) and at rest (AES-256). Appropriate user access controls are incorporated for companies to manage, and an audit log is constantly running. The vendor says client data is not used to train public AI models.

In use, the system centralises financial data across multiple legal entities and currencies into a single workspace to streamline the close process. It aims to provide real-time visibility into financial trends, variances, and performance metrics. Automated discrepancy flagging is boosted by suggested actions for resolution.

According to the firm, customers report significant operational improvements, reduced error risk, and team resource, especially during times of high workload across finance and accounting teams. In practice, the vendor says its autonomous acting agentic AI-based solution can reduce financial close times by 50%, reduce reconciliation times by 96%, and make audit cycles 33% faster.

One client, e-money institution Juni, reduced close time by three and a half days and automated more than 5,000 journal entries. The AI financial assistant app Cleo accelerated journal processing by 80% and updated key reports in three clicks. And real-time payments network Volt now reconciles 97% of transactions automatically, cutting close time by three days.

Since early 2025, Stacks.ai has tripled its customer base across diverse sectors. This currently includes UK companies such as Bloom & Wild and Motorway, and global players such as Hospitable.com, Supermetrics and OnBoard.

Clients: Finance functions and CFOs in SMEs and enterprises.

Revenue: Stacks.ai has increased its revenue by a factor of five since launch.

Active region(s): UK, US

Partners: Founded by Albert Malikov

Employees: 25

Funding: $10m early-stage fundraising round in April 2025, with backers including General Catalyst and EQT Ventures.

Ownership: Privately held.

Elevator pitch: “For too long, finance teams have been buried in manual work and outdated processes, holding them back from driving real impact. Stacks.ai applies agentic AI to automate manual work – including reconciliations, journal entries, variance analysis, and reporting – cutting close time by 50%, so finance teams can lead with insight, not admin.”

Website: www.stacks.ai

Email: [email protected]

TMI view: Stacks has found another solid use case for AI in this system that considerably reduces the pain and inefficiency of the financial close.