TLDR:
- Light has raised $13 million in a financing round to scale its AI-powered general ledger for multinational companies.
- The platform aims to help companies understand their finances more accurately and quickly by integrating a ledger with an application layer.
Light has reimagined the enterprise resource planning (ERP) concept to deliver a financial suite designed for today’s multinationals. Their platform unifies accounting, tax, payments, and reporting across multiple countries and currencies. The AI within the platform cleans transactional data efficiently, ensures correct data recording in the ledger, and powers a Slackbot for answering questions and inquiries. This innovative solution addresses challenges faced by multinationals, offering an alternative to outdated accounting solutions.
In a similar vein, Tassat Group and Glasstower Digital have partnered to facilitate cross-border digital B2B payments using blockchain technology and money market funds. This collaboration provides multinational corporate institutions with secure, immediate, and cost-effective payment solutions.