AI-based fintech company Aibidia announced it has closed its Series B funding round at $28 million to expand its tax technology operations into the US market. The funding round was led by Activant, with participation from existing investors DN Capital, FPV, and Icebreaker.
What Aibidia does: Aibidia has established itself as a critical component of the tax tech stack for multinational companies, enabling the platform to manage global transfer pricing and cross-border tax compliance through AI-powered technology.
Aibidia’s AI-based solution automates and optimizes transfer pricing processes, helping companies manage risk, ensure compliance, and streamline operations. And since its founding in Finland in 2018, its platform has been adopted by 100+ multinationals with an average revenue of €7 billion, such as industry leaders like Unilever, Dyson, Nokia and Delivery Hero. The platform is now used to manage over 7,000 international business entities, with a growing US market share contributing over 15% of revenue. Aibidia is rapidly scaling and strategically positioned for further global expansion.
Problem being addressed: Running a global supply chain has never been more complex. Global tax regulations are tightening through initiatives such as BEPS 2.0 Pillars One and Two, as well as the EU’s BEFIT framework. This is especially challenging when combined with the trade-disrupting tariffs introduced by the Trump administration. Transfer pricing (the intricate process of setting prices for intercompany transactions) has become a significant challenge, drawing intensified scrutiny from regulators around the globe.
KEY QUOTES:
“Multinational corporations are facing an increasingly complex web of tax regulations. Aibidia provides a critical solution, helping them to operate global supply chains efficiently and effectively. This funding validates our success in Europe and will enable us to bring our powerful platform to the US market, where demand is rapidly growing.”
Hannu-Tapani Leppänen, CEO of Aibidia
“Aibidia is a prime example of a European tech company poised for global success. It has all the ingredients of a category-leading business: innovative use of AI and data to solve critical challenges faced by the world’s largest enterprises, huge market tailwinds and a visionary leadership team. We are excited to partner with the team at this pivotal moment as they advance their US expansion efforts and launch new products to support their clients.”
Maximilian Mayer, Partner at Activant
“DN Capital is proud to continue supporting Aibidia’s journey. Aibidia, under the leadership of Hannu, has assembled a truly exceptional team with a deep understanding of both technology and the intricacies of transfer pricing. Combined with their innovative platform, the quality of the Aibidia team is what sets them apart and positions them for continued success.”
Steven Schlenker, Founding Partner at DN Capital
“We are thrilled to continue to be part of Aibidia’s journey as it expands globally. We are big believers in AI solutions that drive efficiency for global companies as they navigate complex and process heavy transfer pricing. Today, Aibidia has scaled its solution to serve some of the world’s biggest international companies, and we are excited as they expand their global footprint and scale their solution to fill a critical gap.”
Pegah Ebrahimi, co-founder of FPV
