$43M-Backed AI-Powered Platform Slashes Financial Workloads by 80%

Light Inc., a Copenhagen-based fintech startup, is rapidly transforming financial operations for modern technology companies with its $43M-backed AI-powered platform. The company recently raised $30 million in a Series A funding round led by Balderton Capital, bringing its total funding to $43 million. Investors including Atomico, Cherry Ventures, Seedcamp, and Entrée Capital participated, alongside notable angel investors Thomas Wolf of Hugging Face and Charles Songhurst from Meta. The funding reflects confidence in Light’s vision to automate finance processes that have long been manual, slow, and prone to error.

Legacy Finance Systems Stall Growth

Large and mid-sized companies have long struggled with outdated enterprise resource planning systems. Many ERP platforms were designed decades ago and are rigid, requiring extensive customization to accommodate new business needs. These legacy systems often create bottlenecks, forcing finance teams to spend countless hours reconciling accounts, managing multi-entity transactions, and generating reports. Human error is frequent, and scaling operations often requires additional hires, which adds cost.

For companies expanding internationally, managing finance operations across multiple currencies, entities, and jurisdictions can be even more complex. Real-time insights are rare, and closing financial periods often takes weeks. This inefficiency creates both operational and strategic risks.

AI-Powered Platform Redefines Accounting

Light Inc.’s AI-powered platform is built from the ground up with artificial intelligence at its core. It automates accounts payable, accounts receivable, bookkeeping, and financial reporting. Unlike legacy systems that retrofit AI, the platform leverages machine learning to categorize transactions, detect anomalies, and reconcile accounts automatically.

Clients report processing hundreds of millions of financial records in seconds. Dashboards and customizable reports give executives instant visibility into cash flow, expenses, and multi-entity financial positions. By eliminating manual reconciliation and repetitive bookkeeping, companies can focus on strategic decision-making rather than administrative tasks.

Clients See Measurable Efficiency Gains

Early adopters of the platform have seen significant efficiency gains. KeyShot, a software company, reported an 80% reduction in manual finance work after switching to Light. Financial closes accelerated, and the company could scale operations without hiring additional staff. CFOs highlighted that automation reduced errors and improved audit readiness, providing immutable records for every transaction.

The platform also enables predictive insights. By analyzing historical data, it can forecast cash flow trends, highlight potential financial risks, and identify optimization opportunities. This predictive layer allows finance teams to act proactively rather than reactively, a shift that companies say is critical in fast-moving markets.

Investors Back Aggressive Expansion

The Series A funding positions Light to expand aggressively, particularly into the U.S., where demand for AI-driven finance solutions is growing. The involvement of high-profile investors and tech executives underscores the market’s confidence in Light’s technology and leadership.

Investor feedback suggests that AI-native solutions like Light’s platform are poised to disrupt traditional finance software, which often struggles to adapt to modern, multi-entity, global businesses. Analysts note that automation in finance is one of the fastest-growing segments within enterprise software, with companies increasingly prioritizing efficiency, accuracy, and scalability.

AI Sets the Next Standard in Finance

As companies embrace digital transformation, AI-powered platforms are becoming central to finance operations. Light Inc. plans to expand capabilities further, integrating more predictive analytics, workflow optimization, and cross-border financial management.

The broader fintech landscape is responding to these changes. Competitors are investing heavily in AI and automation, but Light’s platform gives it a competitive edge. By combining automation, real-time insights, and predictive analytics, the platform provides measurable value that goes beyond simple cost savings.

Setting the Standard

Light Inc.’s $43 million funding milestone marks a pivotal moment in finance automation. By reducing manual workloads by up to 80%, the platform not only improves efficiency but also enables strategic financial management at scale. For modern technology companies, adopting Light’s solutions is essential for growth, accuracy, and operational agility.

With advanced AI capabilities, strong investor backing, and early client success stories, Light is setting a new standard for financial operations. The company’s growth signals a shift in the industry, where automated, intelligent, and scalable finance platforms are becoming the backbone of corporate finance.