Stacks secures fresh capital to overhaul finance operations
Enterprise finance platform Stacks has raised €19 million in new funding to modernise how large companies handle financial reporting and the month-end close. The capital will be used to deepen product capabilities, expand into new European markets and accelerate hiring across engineering, product and customer success.
Positioning itself as a next-generation operating system for finance teams, Stacks aims to replace fragmented spreadsheets, legacy tools and manual workflows with an integrated, automated platform. The company targets mid-market and enterprise customers that struggle with complex consolidation, recurring management reporting and time‑consuming month‑end close processes.
Streamlining reporting and month‑end workflows
The platform connects to core systems such as ERP, general ledger, billing and HRIS tools, aggregating financial and operational data into a single source of truth. Finance teams can then build automated reporting packs, run variance analyses and collaborate with business stakeholders without resorting to email chains and static spreadsheets.
By standardising templates and automating data collection, Stacks promises faster close cycles, fewer manual errors and stronger auditability. This is increasingly critical as companies face tighter regulatory expectations, more frequent board reporting and pressure for real‑time visibility into cash flow and profitability.
Riding the wave of finance digitalisation
The funding round underscores growing investor conviction in the digital transformation of the finance function. As organisations adopt cloud-based tools across sales, marketing and HR, the office of the CFO is under mounting pressure to abandon manual, spreadsheet‑driven processes.
Stacks is part of a broader cohort of European fintech and enterprise SaaS providers building specialised tools for FP&A, compliance and financial automation. With this €19 million injection, the company is positioned to compete more aggressively, refine its AI‑assisted analytics features and support finance teams seeking faster, more reliable insights into business performance.