AI-powered financial technology firm, Aibidia, based in Finland, provides transfer pricing and cross-border tax compliance solutions for multinational corporations through its data-driven, AI-enabled platform.
The company has secured $28m in a Series B funding round led by Activant, with additional backing from existing investors DN Capital, FPV, and Icebreaker.vc. The latest capital injection is aimed at scaling Aibidia’s presence in the US market, where it has already seen significant momentum.
Founded in 2018, Aibidia addresses one of the most complex and heavily scrutinised areas of corporate finance—transfer pricing. With regulatory regimes tightening through initiatives like BEPS 2.0 and the EU’s BEFIT framework, managing cross-border tax compliance has become a major operational challenge for multinational enterprises. Aibidia’s platform helps automate transfer pricing processes, mitigating compliance risk while enhancing efficiency.
The new funding will be used to accelerate Aibidia’s expansion into the US, building on its existing client base that includes S&P 500 firms such as EPAM Systems, Aptiv, and Omnicom. The company recently opened a new office in Manhattan to support its growing American footprint.
To date, Aibidia’s platform has been adopted by over 100 multinational firms, including Unilever, Dyson, Nokia and Delivery Hero. These clients collectively manage more than 7,000 business entities through Aibidia’s solution. With US clients already contributing over 15% of its revenue, the company is well positioned to deepen its reach across global markets.
Aibidia CEO Hannu-Tapani Leppänen said, “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.”
Activant partner Maximilian Mayer said, “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.”
DN Capital founding partner Steven Schlenker said, “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.”
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