About Aico
Aico is a Technology company based in Espoo (Finland) founded in 2008. Financial close accounting solutions are provided for large enterprises. Its website aico.ai draws about 33 thousand monthly visits. Aico offers products and services including Closing Task Manager, Journal Entries, Account Reconciliations, Transaction Matching, and Intercompany Invoicing. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Record to Report. Its legal entity is Aico Group Oy.
Company details
Founded in 2008 in Espoo, Finland, Aico operates in the financial technology sector. Automation of record-to-report accounting processes is facilitated through its solutions. Accounts reconciliation, journal entries, financial closing, payment requests, and invoicing requests are supported. Partnership programs are available for referral, reseller, and system integrator partners, targeting large enterprises across operations.
- InvestorsAccel-KKR
& 1 more
Products & Services of Aico
Aico offers a comprehensive portfolio of products and services, including Closing Task Manager, Journal Entries, Account Reconciliations, Transaction Matching, and Intercompany Invoicing.
Automates month-end financial close tasks for accuracy.
Handles automated posting of journal entries efficiently.
Automates account balancing and reconciliation processes.
Matches transactions from various sources automatically.
Manages intercompany transactions for timely booking.
Apps and channels of Aico
its YouTube channel Aico has 15 subscribers and 9 videos.
Videos from Aico
The most watched videos on Aico's YouTube channel, Aico (15 subscribers). Click a video to play it here.
More on Aico.
Funding Insights of Aico
- Total Rounds 2
- Investors Count 2
All 2 funding rounds of Aico with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | Private Equity Round | – | – | ||
| Dec 2016 | Private Equity Round | – | Juuri Partners | – |
2 investors in total: 2 institutional.
Investors in Aico
Aico has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel-KKR and Juuri Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are focused on mid-market software and technology-enabled services firms. | accel-kkr.com | Menlo Park, United States | ||
Juuri Partners is engaged in private equity investments in Finland. | juuripartners.fi | Helsinki, Finland |
Investor details for Aico
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Aico
3 people are tracked at Aico (2 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Tapani Varjas | Chairman | Board & advisors |
Samu Konttinen | Director | Board & advisors |
Marko Voutilainen | Senior Advisor | Team |
Complete people profiles for Aico
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Aico
3 dated milestones of Aico across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Aico is founded.
- Funding First funding round.
- Funding Latest funding round, Private Equity Round,.
Web traffic of Aico
The website of Aico (aico.ai) receives about 32.6K visits a month.
- Monthly visits32.6K
▲ 10.9% vs previous month
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Aico
Complete news archive for Aico
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Aico
Aico was founded in 2008 and raised its 1st funding round 8 years after it was founded.
Aico is headquartered in Espoo, Finland.
Founded in 2008 in Espoo, Finland, Aico operates in the financial technology sector. Automation of record-to-report accounting processes is facilitated through its solutions. Accounts reconciliation, journal entries, financial closing, payment requests, and invoicing requests are supported. Partnership programs are available for referral, reseller, and system integrator partners, targeting large enterprises across operations.
Aico offers Closing Task Manager, Journal Entries, Account Reconciliations, Transaction Matching, and Intercompany Invoicing.
Aico has 2 investors. Key investors include Accel-KKR, and Juuri Partners.
Aico operates through Aico Group Oy.