Light

Market position

Light competes in the market for software that manages company finances, which is dominated by Microsoft, Oracle and SAP. Other startups applying AI to finance and accounting workflows include Pigment, which raised $145 million at a valuation above $1 billion, and Pennylane, which raised €75 million ($88.4 million) at a €2 billion valuation. Light's Series A investor Balderton Capital was an early backer of Revolut and GoCardless. The company states it intends to move toward large, enterprise-level customers with broken processes and workflows.

Light contrasts itself with incumbent finance systems from Microsoft, Oracle and SAP, which its CEO characterizes as cumbersome and requiring specialists to configure for a year or two before they work. Its stated points of difference are a multi-entity, multi-country ledger with local bookkeeping and e-invoicing built in from the outset rather than added on, one-click installable apps that avoid new vendor onboarding and data processing agreements, and AI agents that take actions — posting accruals, matching receipts, writing close memos — rather than only surfacing information. The company frames its target profile as fast-growing, fast-scaling companies that need a system able to expand quickly.

Technology

Light's system pairs a multi-entity, multi-currency general ledger with AI agents that perform accounting tasks such as invoice chasing, receipt matching, accrual posting, close memo drafting and internal-audit control reporting against configured policies. Invoices received by Light are read by a frontier model API, and the company's technical staff have published work on fine-tuning an open-source 8-billion-parameter model on its own hardware as a replacement. Other described capabilities include agent memory, custom agents, a Claude connector, audit trails, IFRS support, bank reconciliation, revenue compliance and Peppol-based e-invoicing. The company holds SOC 1 Type 2 and SOC 2 Type 2 audited reports and states GDPR compliance by design.

Go-to-market

Light markets through booked demos and personal product walkthroughs on its website, published customer stories such as Alva Labs and KeyShot, partner content with Adyen, Abacum and Avalara, and a recurring events program including finance hackathons held in Helsinki, Amsterdam, New York, Copenhagen and London and a "Builders Club" in which prospective users build in Light alongside the company's team. It maintains a blog covering product updates, technical work and agentic accounting topics. Following its Series A the company said it would double down on the commercial side of the business and hire country executives across multiple locations.

Finance teams at multinational, fast-growing technology companies with holding structures, subsidiaries in several countries, multiple accounting standards and demanding audit requirements. Named customers include Lovable, Sana Labs, Alva Labs and KeyShot. The company says it is moving toward larger enterprise-level customers.

Geography

Light is headquartered in Copenhagen, Denmark, and describes itself as a Danish startup. It opened an office in London ahead of its September 2025 Series A and said it planned to open one in New York to serve U.S. demand. A jobs listing profile records three offices with a U.S. presence in Redwood, California; Bridgewater, New Jersey; and New York, New York, and advertises a Country Executive role across five locations. Its e-invoicing coverage spans Peppol and country mandates internationally.

History

Light was founded in 2022 and is headquartered in Copenhagen, Denmark. It published early blog content on CFO tooling, AI in finance and open finance in 2023, and a company manifesto in January 2024. Through 2025 it published customer and partner material, including work with KeyShot and Avalara and partnerships with Adyen and Abacum. In September 2025 it announced a $30 million Series A led by Balderton Capital, having recently opened a London office with a New York office planned. Its 2026 blog output covers agent capabilities, audit controls, IFRS support, SaaS metrics, fine-tuning an open-source 8B model for invoice reading, and a recurring series of finance hackathons in cities including Helsinki, Amsterdam, New York, Copenhagen and London.