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Self-described AI-powered workspace 聽Stacks聽says it is now $10 million richer.The company, founded by聽Uber聽and聽Plaid聽veteran聽Albert Malikov,聽announced聽Wednesday Feb. 19 that it had raised $3 million in a pre-seed round led by聽EQT Ventures, followed by a $7 million seed round led b
stanley ca y聽General Catalyst.The company says the funding will help Stacks advance its effort to let finance teams and artificial intelligence AI agents collaborate to close books faster and 鈥?eventually 鈥?with one click. Every business is familiar with the end-of-month crunch that comes with book closing, which is often tedious and resource intensive, Stacks said in a news release. Although many tools are available, companies still often rely on聽archaic software systems聽as their main record-keeping, which are not fully integrated with each other. The result is fragmented data, increased manual labour, and susceptible to error. Malikov noted that hes witnessed how much time finance teams spend on unnecessary manual tasks. A decade ago at Uber, he added, that company was deve
stanley cup loping data-driven tools to make finance into a true strategic partner, rather than a back-office function. Today, that need is finally hitting the mainstream: finance leaders everywhere are realizing they must go beyond just closing the books and start driving strategy and innovation. At Stacks, were here to make that happen, he said. Our vision is to simplify the month-end close in
stanley cup to a single click, freeing teams up to find new r Bzib Investors Take $122M Gamble on London-Based DICE Ticketing Platform
Talk about poking a hornets nest.MPD Founder and economist, David Evans, wrote a piece on Friday about Apple Pay that got a lot of people talking. In it, Evans basically said that he was ready to make a call on Apple Pay and much earlier than he thought.Heres what he said. Apple Pay is fizzling. And unless it drastically changes course, Apple Pay will follow the hu
stanley france ndreds of other attempts, made around the world in the last seven years, that have sputtered along at low levels of use or, much more frequently, have just flat-out died. Evans Apple Pay verdict was fueled by data that came out of a survey done by InfoScout of 400 Apple Pay users on Black Friday. That data showed that the early adopters of Apple Pay, well, arent really adopting. Only 10 percent of all iPhone 6 users have ever tried to use the mobile payments method. And tho
stanley website se who could use it so had iPhone 6s and were in stores that could accept it 鈥?werent using it either. Only 4.5 percent of those who could have used Apple Pay actually did. As you can imagine, Evans conclusion generated a lot of comments and discussion on and offline. I thought Id summarize the major points of debate that surfaced as comments on his piece, as talk around the water cooler, and all over Twitter and add a bit more context, fact base and counterarguments so that we can keep this important conversation alive.Give Me A
stanley termosy Break. Its Still Early Days.Imagine a start-up knocking on the door of a merchant asking them to enable a new f
