Aico

Espoo, Finland Founded: 2008 • Age: 18 yrs
Financial close accounting solutions are provided for large enterprises.
Annual revenue - Latest available
Total funding - 2 rounds
Employees - Tracked headcount
Investors 2 Known backers
Products 5 Services tracked
Competitors 10 Brand Intelligence

About Aico

Aico is a company based in Espoo (Finland) founded in 2008. Aico offers products and services including Closing Task Manager, Journal Entries, Account Reconciliations, Transaction Matching, and Intercompany Invoicing. Aico operates in a competitive market with competitors including Simetrik, Duco, Uniqus, Trintech and Curlec, among others.

  • Headquarter Espoo, Finland
  • Sectors
    Technology
  • Email
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  • Phone
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  • Website
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  • Legal Name Aico Group Oy
Operational Areas
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
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  • Net Profit
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  • EBITDA
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  • Latest Funding Round
    Not available
  • Investors
    Accel-KKR

    & 1 more

  • Employee Count
    Not available
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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.

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Primary

Automates month-end financial close tasks for accuracy.

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Handles automated posting of journal entries efficiently.

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Automates account balancing and reconciliation processes.

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Matches transactions from various sources automatically.

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Manages intercompany transactions for timely booking.

People of Aico

Headcount 10-50
Employee Profiles 1
Board Members and Advisors 2
Employee Profiles
People
Marko Voutilainen
Senior Advisor

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Board Members and Advisors
people
Tapani Varjas
Chairman
people
Samu Konttinen
Director

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Funding Insights of Aico

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.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Investments are focused on mid-market software and technology-enabled services firms.
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Juuri Partners is engaged in private equity investments in Finland.
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Investor details for Aico

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Aico

Investments
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Investment portfolio details for Aico

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

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Financial Statements - Aico

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Detailed financials for Aico

Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.

  • Historical revenue
  • Profit trends
  • Statement rows
  • Financial ratios

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Aico Comparisons

Aico Primary company
Description
Financial close accounting solutions are provided for large ...
Location
Espoo, Finland
Founded Year
2008
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Aico

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Competitors of Aico

Aico operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Simetrik, Duco, Uniqus, Trintech and Curlec, among others.

Company Name Domain Founded year HQ Location Description
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Accounts reconciliation solutions
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SAAS reconciliation solutions are delivered for financial services firms.
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Provider of accounting, risk, governance, environmental, social, and technology consulting
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Cloud-based financial reporting and compliance software is delivered for businesses.
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Recurring payments are automated and collected via bank-to-bank direct debits.
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Digital receipt management solutions for retail store and restaurants
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Detailed competitors of Aico

Competitor domains, locations, full profiles, and operating metrics require an active premium plan.

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Latest news on Aico

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Complete news archive for Aico

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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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's top competitors include Simetrik, Duco and Uniqus.

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.

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