Stacks.ai has appointed Farid Sedjelmaci as its new Chief Operating Officer to drive its growth in the UK market.
Sedjelmaci joins Stacks.ai from Plaid, where he was instrumental in the firm's European expansion, and brings over 20 years' experience in scaling fintech and SaaS businesses. Before Plaid, he served as a partner at McKinsey, and is now based in London, focusing on scaling Stacks.ai's operations in what has become its fastest-growing market.
Stacks.ai, which provides artificial intelligence-powered automation for finance teams, has rapidly expanded its presence in both the UK and US since its launch in early 2025. The company's platform is designed to reduce the time and manual effort required to complete financial closes, enabling finance professionals to focus on analysis and insights.
The team at Stacks.ai includes members with experience from Uber, Plaid and Mollie, positioning the business with a broad industry perspective as it pursues further growth.
Growth and adoption
Stacks.ai reports that it has nearly tripled its customer base since launch, with adoption from companies across various sectors. Notable customers include Bloom & Wild, Motorway, DataSnipper, Supermetrics, and OnBoard.
According to the company, its solution enables finance teams to cut manual work by 97%, significantly reducing the time needed to complete the month-end financial close process. This automation is intended to help teams concentrate on business insights rather than repetitive administrative tasks. Finance teams using Stacks.ai have reportedly reduced their financial close time by 50% through the automation of manual inputs.
The technology behind Stacks.ai relies on agentic AI, which helps unify financial data and workflows, streamlining the process for finance professionals. The company states that its mission is to reinvent the financial close, supporting CFOs and their teams in making the transition to more strategic roles.
Sector-wide demand
Stacks.ai's momentum in the market coincides with increased interest from businesses of various sizes in adopting artificial intelligence to improve operations, increase productivity, and identify new opportunities for growth.
Bloom & Wild, Motorway, DataSnipper, Supermetrics and OnBoard are among the early clients in the UK, reflecting the cross-sector appeal of Stacks.ai's solution.
Team and funding
The company was founded in 2024 by CEO Albert Malikov, who previously worked at Uber and Plaid. In its first year, Stacks.ai has grown to a team of 20 employees and has raised USD $10 million in early-stage funding from backers including General Catalyst and EQT Ventures. The company is headquartered in Amsterdam.
Focus on the UK
"Farid led its European expansion and has 20+ years experience scaling B2B fintech and SaaS firms. A former McKinsey partner, Farid is based in London and is focused on scaling Stacks' growth in what's becoming its fastest-growing market: the UK."
As companies seek solutions to automate and improve their finance operations, Stacks.ai aims to continue its growth trajectory in both the UK and US markets.
