Light has raised £22.3 million in Series A funding to scale its AI-native finance platform, which it says can process 280m records in under a second.

The Copenhagen and London-based startup, founded in 2022 by serial entrepreneur Jonathan Sanders, replaces legacy enterprise resource planning systems with an AI-first system that automates accounting, payments and expense management across jurisdictions.

The round was led by Balderton Capital with Atomico, Cherry, Seedcamp, Entrée and angels including Hugging Face’s Thomas Wolf and Meta board member Charles Songhurst.

The firm has reported 30x growth over the past year, with customers cutting finance operations time by 84%.