Light provides an AI-native finance and accounting platform that replaces legacy ERP for hypergrowth companies. It handles multi-entity bookkeeping, accounts payable/receivable, expenses, payments, and consolidated reporting on a ledger built for very large data volumes, all in one system. The product works by offering cloud-based accounting across multiple entities, with an integrated ledger and processes for spending, invoicing, and payments, plus connections to infrastructure partners like JP Morgan, Adyen, and BDO to support banking and operations. This differentiates Light from competitors by focusing on AI-assisted, scalable ERP replacement tailored for fast-growing firms, enabling international expansion without long, multi-month ERP projects. Light’s goal is to streamline finance operations at scale, simplify international growth for its customers, and continue expanding its platform and engineering capacity to serve more companies.
Company Size
51-200
Company Stage
Series A
Total Funding
$40.8M
Headquarters
Copenhagen, Denmark
Founded
2022
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Joe Hollier and Kaiwei Tang, founders of Light, have spent over a decade promoting simplified technology. After collaborating with figures like Kendrick Lamar and Pete Davidson, they believe mainstream attitudes are shifting towards their philosophy. The company recently announced a new flip phone designed to combat smartphone addiction. In a TechCrunch podcast interview, the founders discussed how the original Motorola Razr influenced their design and addressed the growing "attention activist" movement amongst Gen Z users pushing back against Big Tech. Light Phone is opening an SDK allowing users to build their own tools, avoiding traditional app stores. The founders argue this approach helps break what they describe as pocket-sized addiction. The interview explores Light's decade-long journey and why they believe anti-smartphone sentiment is accelerating.
Light is replacing fragmented finance stacks and traditional ERPs by bringing payments, accounting and reporting into one AI-native platform. Jonathan Sanders, CEO at Light, says this shift is only possible now because AI changes how software works, moving beyond fixed SaaS tools towards “organic” systems that learn, adapt and operate more like a team member inside the company. The Scaling Europe show is presented by Deel - check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: SurrealDB: The multi-model database for AI agents. Check them out here: https://surrealdb.com/ Timestamps: 0:00 - Introduction 0:50 - What Light is building 1:39 - Replacing fragmented finance stacks 2:27 - How Light differs from traditional ERPs 3:44 - Fundraising and Series A 6:03 - AI as a fundamental shift in software 8:06 - Building “organic” software 10:29 - The end of SaaS playbooks 12:03 - Why founders must use AI hands-on 15:11 - New ways of working inside companies 18:45 - Growth across Europe and the US 21:32 - Vision for 2026 and beyond
Copenhagen-based fintech Light has raised approximately $30 million in a Series A round led by Balderton Capital. The company has experienced significant growth, with a 30-fold increase in activity over the past year. Light's AI-driven platform reportedly reduces the time spent on financial processes by up to 84% compared to traditional ERP systems. The company aims to revolutionize financial systems by rebuilding accounting from the ground up, rather than applying AI to existing solutions.
Copenhagen-based AI-native finance startup Light has secured $30 million in Series A funding led by Balderton Capital, with participation from Atomico, Cherry Ventures, Seedcamp, Entrée Capital, and angels including Thomas Wolf (Hugging Face) and Charles Songhurst (Meta).
Copenhagen-based Light, an AI-native finance platform, has raised $30M (approximately €25.5M) in a Series A funding round led by Balderton Capital.