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Aibidia Secures $28 Million in Series B Funding to Expand AI-Powered Tax Tech to the US Market
- Aibidia, a Finnish fintech innovator, has secured $28 million in Series B funding to expand its AI-driven tax technology platform for multinational corporations in the US market.
- The funding round was led by Activant with participation from existing investors DN Capital, FPV, and Icebreaker.vc, highlighting Aibidia's commitment to revolutionizing tax compliance and transfer pricing for global enterprises.
- Aibidia's platform automates and optimizes global transfer pricing and tax compliance processes, aiding companies like Unilever, Nokia, Dyson, and Delivery Hero in navigating international tax laws efficiently and reducing risk.
- By leveraging AI, Aibidia addresses complex transfer pricing challenges, automating calculations, risk assessments, and scenario modeling to ensure compliance with evolving global tax regulations.
- The company is expanding its presence in the US market to cater to the growing demand from American multinational corporations, such as EPAM Systems, Aptiv, and Omnicom.
- Aibidia's innovative use of AI and machine learning enables it to automate manual tasks, perform risk assessments, and provide predictive analytics for improved tax risk management and decision-making.
- With plans for global expansion, Aibidia aims to scale its AI-powered tax solutions internationally, catering to large enterprises across different regions and industries.
- The investment round reflects Aibidia's success in the fintech space and its commitment to enhancing product offerings, integrations with ERP systems, and further automation of tax reporting for clients.
- As global tax technology market grows, Aibidia's innovative approach positions it well to lead in the industry and help multinational corporations navigate evolving tax landscapes more efficiently and effectively.
- With a focus on continuous innovation and client support, Aibidia remains dedicated to transforming how enterprises manage their tax operations and stay ahead of regulatory changes in an ever-evolving market.
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