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Stacks, an Amsterdam-based automated accounting platform, has successfully raised $10 million in funding to enhance its AI capabilities. The funding, co-led by EQT Ventures and General Catalyst, aims to streamline financial closing processes for finance teams. Stacks' technology is designed to reduce the time required for closing books by as much as 50%, potentially allowing for a one-click process. This move comes as finance teams increasingly seek more efficient solutions to manage their accounting tasks. The funding rounds were supported by notable investors, including former Uber employees.
Finance teams are seeking faster, more efficient ways to close the month’s books. @_StacksAI empowers finance teams with applied AI, reducing closing time by 50% and ultimately streamlining it into a one-click process. We’re thrilled to co-lead Stacks’ $10M seed round and… https://t.co/ZuWD1brPUv
Aformer Uber employee has raised $10m across two funding rounds for his automated accounting platform Stacks to fund its move into AI agents. #AI #Uber #News https://t.co/Um4v3ezPwl
💰✨ Uber alum’s Stacks raises $10M to revolutionise financial close with AI! The Amsterdam-based platform automates key accounting processes, reducing close time by 47% and enhancing efficiency. Led by EQT Ventures and General Catalyst. https://t.co/NEDKc47xXD @_StacksAI…
