Finnish financial technology firm Aibidia has successfully closed a $28 million Series B funding round to accelerate its expansion into the United States market. The investment was led by Activant Capital, with continued support from existing backers DN Capital, FPV, and Icebreaker.vc.

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Founded in 2018, Aibidia has established itself as a leader in enterprise tax technology solutions. The company's AI-driven platform automates transfer pricing and tax compliance processes for multinational corporations including Unilever, Nokia, Dyson, and Delivery Hero. By digitizing these complex workflows, Aibidia helps businesses reduce compliance risks while saving significant time and resources.

Addressing Global Tax Complexity Transfer pricing - the practice of setting prices for transactions between subsidiaries of multinational companies - presents one of the most challenging aspects of international business operations. With regulations like OECD's BEPS2.0 framework and the EU's BEFIT initiative continually evolving, companies face mounting pressure to maintain compliance.

Aibidia's platform tackles these challenges head-on through advanced automation. The system performs calculations, risk assessments, and scenario modeling that previously required teams of specialists. "Multinational corporations are navigating increasingly complex webs of tax regulations," explains CEO Hannu Tapani Leppänen. "Our technology helps them operate global supply chains more efficiently while maintaining full compliance."

The company has already gained traction in the US market, where it currently generates over 15% of its revenue. To strengthen its position, Aibidia recently opened a Manhattan office dedicated to serving American clients.

AI-Powered Innovation What sets Aibidia apart is its sophisticated application of artificial intelligence and machine learning. The platform doesn't just automate manual processes - it learns from them. Advanced algorithms analyze patterns across global tax systems, enabling predictive capabilities that help businesses anticipate potential risks before they arise.

This technological edge has allowed corporate clients to reduce their reliance on expensive external consultants while improving accuracy and response times. As regulatory scrutiny intensifies worldwide, such capabilities are becoming indispensable for multinational operations.

With this latest funding injection, Aibidia plans to enhance its product offerings while expanding its global footprint. The company aims to bring its proven European solutions to new markets and industries where complex transfer pricing challenges exist.

Key Points

1. Aibidia secured $28 million in Series B funding led by Activant Capital to expand its AI tax platform in the US
2. The Helsinki-based company helps multinational corporations automate transfer pricing and tax compliance
3. Over 15% of current revenue comes from US clients following the opening of a New York office
4. Advanced machine learning capabilities enable predictive analysis of tax risks
5. Platform reduces reliance on external consultants while improving compliance accuracy