Aibidia, an AI-powered fintech company based in Finland, has concluded its Series B funding round, raising US$28 million to support its expansion into the US.
The round was led by Activant, with participation from existing investors DN Capital, FPV, and Icebreaker.vc.
Founded in 2018, Aibidia offers a platform that helps multinational corporations manage global transfer pricing and cross-border tax compliance using AI.
The platform has become a key part of the tax technology infrastructure for large organisations, with over 100 multinational clients including Unilever, Dyson, Nokia, and Delivery Hero.
These clients have an average annual revenue of €7 billion.
The platform is currently used to manage over 7,000 international business entities, with the US market now contributing more than 15% of the company’s revenue.
The management of global supply chains has grown more complex in recent years.
Companies are dealing with increasingly stringent tax regulations such as the OECD’s BEPS 2.0 Pillars One and Two and the European Union’s BEFIT framework.
Trade policies, including tariffs introduced during the Trump administration, have further complicated cross-border operations.
Transfer pricing, the process of setting internal prices for transactions between entities within the same multinational group, has come under closer scrutiny by tax authorities worldwide.
Aibidia’s AI-driven solution is designed to automate and streamline transfer pricing processes, helping companies mitigate risk, maintain compliance, and operate more efficiently.
In April, the company opened a new office in Manhattan, reflecting its commitment to the growing US market, where clients now include S&P 500 firms such as EPAM Systems, Aptiv, and Omnicom.
“Multinational corporations are facing an increasingly complex web of tax regulations,”
said Hannu-Tapani Leppänen, Chief Executive of Aibidia.
“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.”
Featured image credit: Aibidia
