02-07-2025
Ex-Plaid exec Farid Sedjelmaci joins Stacks as new COO
Stacks AI, the fast-growing startup on a mission to reinvent the financial close, has just appointed Farid Sedjelmaci as its new COO.
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Ex-Plaid, Farid led its European expansion and has 20+ years experience scaling B2B fintech and SaaS firms.
A former McKinsey partner, Farid is based in London and is focused on scaling Stacks' growth in what's becoming its fastest-growing market: the UK. Farid joins a team of ex-Uber, Plaid and Mollie team members at Stacks.
Stacks is seeing strong adoption and momentum in the UK and US since launch in February 2025. Setting the pace for AI adoption in finance, the company has nearly tripled its customer base and is creating real impact for companies - namely it cuts manual work by 97% to condense financial close time. As a result, finance teams using Stacks have more time for digging into business insights, instead of repetitive, manual tasks.
Since its launch in February 2025, has attracted new clients across diverse sectors, including Bloom & Wild, Motorway, DataSnipper, Supermetrics and OnBoard.
The go-to choice for forward-thinking CFOs and their teams, Stacks is helping finance teams reduce financial close time by 50% reducing the manual inputs needed by 97%.
"Finance teams are under real pressure, from talent shortages to intense year-end demands, with hours often hitting 70+ a week at crunch time. It's no surprise UK CFOs are turning to AI to ease the manual load on their teams and free up time for more strategic work," said Albert Malikov, Founder & CEO of Stacks."We're excited to welcome Farid as we expand our footprint in the UK and across Europe to meet this demand. His track record and operational expertise scaling fintechs like Plaid in Europe makes him a strong fit, helping us deliver even more value to our customers as we continue to redefine what's possible in the financial close,' he added.
Stacks' momentum comes as companies of all sizes look to implement agentic AI to smooth operations, increase productivity, and find new opportunities for growth.
