“Can an AI-native, agent-driven ledger replace NetSuite/SAP for multi-entity global finance teams?”
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.
Light Inc discloses Adyen as its banking provider, according to the Embedded Finance Index 2026.
Light Inc does not disclose a bank charter of its own; its banking services are provided through Adyen.
Light Inc processes payments through Adyen.
Light Inc's cards are issued through Adyen on the Mastercard network.
Light Inc uses Adyen for KYC and identity verification.
Light Inc connects to bank accounts through Plaid, GoCardless and Yapily.
Light Inc uses Airwallex for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 11 layers in Light Inc's stack: Payments / PSP (Adyen); Banking / BaaS (Adyen); Card issuing (Adyen); Card network (Mastercard); Open banking (Plaid, GoCardless and Yapily); Unified APIs (Finch); KYC (Adyen); FX & payouts (Airwallex); Spend / AP (Light Spend Management (in-house), Light Global Bill Pay (in-house) and Pleo); Accounts Receivable (Light Collections Agent (in-house) and Light AR / Invoicing (in-house)); Tax (Avalara).
Light Inc was founded by Jonathan Sanders and Filip Kozjak and is founded in 2022, headquartered in Copenhagen, Denmark (also London, UK).
Light Inc has raised ~$42.9M in total (latest round: Series A, $29.9M).
Get a read on where your own stack stands against Light Inc and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.