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← Embedded Finance Index 2026

Light Inc

“Can an AI-native, agent-driven ledger replace NetSuite/SAP for multi-entity global finance teams?”

Founded2022
HQCopenhagen, Denmark (also London, UK)
FoundersJonathan Sanders, Filip Kozjak
Total raised~$42.9M
Latest roundSeries A, $29.9M
IndustryHorizontal SaaS / Accounting
The story

Light started in 2022 as an AI-native general ledger built by ex-Pleo, Spotify, Klarna, and Google engineers, exiting stealth in 2024 with a Copenhagen HQ. Through 2025-2026 it broadened from a ledger into a full agentic ERP — adding AP/global bill pay, spend management with own-brand Light Cards (issued via Adyen), consolidation, and reporting — positioning itself as the multi-entity NetSuite/SAP replacement rather than a point tool. A KPMG go-to-market partnership in 2026 signaled a push into the mid-market/enterprise finance transformation market.

Last 12 months
2026-08
2026-07
Product timeline
2022
Light Company ApS founded in Copenhagen (CVR 43523503).· founding
2024
Exits stealth with $13M seed led by Atomico; positions as AI-native general ledger.· funding
2025
Raises Series A ($29.9M) per PitchBook.· funding
2026
Launches Light Cards (corporate cards issued via Adyen) and expands to agentic ERP with KPMG partnership across 140+ countries.· card
The stack
11 layers disclosed in Light Inc’s embedded-finance stack
Payments / PSP
Adyenglobal payments
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Open banking
in the full report
Unified APIs
in the full report
KYC
in the full report
FX & payouts
in the full report
Spend / AP
in the full report
Accounts Receivable
in the full report
Tax
in the full report
Accounting gap: none
15 more providers across 10 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.