Aico Group, an Espoo, Finland-based end-to-end financial close software platform for large enterprises, received majority equity investment from Accel-KKR.
The amount of the deal was not disclosed. With this investment, Accel-KKR will join current investor Juuri Partners as backers of Aico.
Th company intends to use the funds to bolster its market expansion across Europe, especially in the DACH region, and continue to develop and strengthen its financial close platform.
Led by CEO Marko Voutilainen, Aico is an advanced financial close platform for large enterprises to take control of their hectic closing processes to achieve a high level of automation and standardization, faster month-end financial reporting, and assurance of compliance and data accuracy.
Established in 2019 in Espoo, Finland, Aico has offices in Finland, Germany, the UK and Latvia.
FinSMEs
03/04/2024