About Aiia
Aiia is a company based in Copenhagen (Denmark) founded in 2010 by Gudmundur Hreidarsson was acquired by Mastercard in September 2021.. Aiia has raised $4.99 million across 2 funding rounds from investors including Mastercard, Danske Bank and DNB. The company has 63 employees as of December 31, 2022. Aiia offers products and services including Open Banking APIs, Payment Initiation Services, and Account Information Services. Aiia operates in a competitive market with competitors including Banked, Yodlee, Codat, Method and Quovo, among others.
- Headquarter Copenhagen, Denmark
- Employees 63 as on 31 Dec, 2022
- Founders Gudmundur Hreidarsson
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mastercard Ob Services Europe A/S
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.99 M (USD)
in 2 rounds
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Latest Funding Round
$4.99 M (USD), Series A
Apr 24, 2020
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Investors
Mastercard
& 2 more
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Employee Count
63
as on Dec 31, 2022
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Acquired by
Mastercard
(Sep 07, 2021)
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Products & Services of Aiia
Aiia offers a comprehensive portfolio of products and services, including Open Banking APIs, Payment Initiation Services, and Account Information Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables secure access to financial data for third-party applications
Facilitates credit transfers on behalf of customers via APIs
Allows retrieval of shared financial data from institutions
Funding Insights of Aiia
Aiia has successfully raised a total of $4.99M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.99 million completed in April 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $5.0M
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First Round
First Round
(18 Dec 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Series A - Aiia | Valuation | DNB , Danske Bank |
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| Dec, 2018 | Amount | Debt – Conventional - Aiia | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aiia
Aiia has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Mastercard, Danske Bank and DNB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking services are provided to individuals and corporations.
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Founded Year | Domain | Location | |
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Financial services including banking and insurance are provided globally.
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Founded Year | Domain | Location | |
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Global payments are processed via card network connections.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aiia
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Aiia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aiia Comparisons
Competitors of Aiia
Aiia 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 Banked, Yodlee, Codat, Method and Quovo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Open banking APIs for payments and data access are provided.
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| domain | founded_year | HQ Location |
Cloud-based data aggregation and analytics for financial institutions are offered.
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| domain | founded_year | HQ Location |
Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses
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| domain | founded_year | HQ Location |
API-enabled debt repayment tools are provided for financial services.
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| domain | founded_year | HQ Location |
Financial data aggregation and authentication APIs are provided.
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| domain | founded_year | HQ Location |
Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aiia
Frequently Asked Questions about Aiia
When was Aiia founded?
Aiia was founded in 2010 and raised its 1st funding round 8 years after it was founded.
Where is Aiia located?
Aiia is headquartered in Copenhagen, Denmark.
Is Aiia a funded company?
Aiia is a funded company, having raised a total of $4.99M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $5.89M, raised on Dec 18, 2018.
How many employees does Aiia have?
As of Dec 31, 2022, the latest employee count at Aiia is 63.
What does Aiia do?
Open banking solutions. It offers API-based open banking solutions for financial institutions to access financial data and enable digital payments. Its products include Aiia Data for enabling end customers to connect the financial data to the services, Aiia Pay for account-to-account payments from the service, Enterprise Data for aggregating business and personal account data, Enterprise payments that enable business, and individual customers to make payments, and more.
What products or services does Aiia offer?
Aiia offers Open Banking APIs, Payment Initiation Services, and Account Information Services.
Who are Aiia's investors?
Aiia has 3 investors. Key investors include Mastercard, Danske Bank, and DNB.
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