TLDR:
- Aico Group, a financial close software platform, received a majority equity investment from Accel-KKR.
- The investment will support Aico’s market expansion across Europe and development of its financial close platform.
In a recent development, Aico Group, based in Espoo, Finland, has received a majority equity investment from Accel-KKR. The specific amount of the deal was not disclosed. This investment will see Accel-KKR joining current investor Juuri Partners in supporting Aico’s growth. The company plans to use the funds to expand its presence across Europe, with a particular focus on the DACH region, and to enhance its financial close platform further.
Founded in 2019, Aico offers an advanced financial close platform tailored for large enterprises, enabling them to streamline their closing processes, automate tasks, standardize procedures, accelerate month-end reporting, and ensure compliance and data accuracy. Led by CEO Marko Voutilainen, Aico has offices in Finland, Germany, the UK, and Latvia.
This investment from Accel-KKR is strategic for Aico as it aims to strengthen its foothold in the European market and continue innovating its platform to meet the evolving needs of large enterprises. Overall, this partnership is expected to fuel Aico’s growth trajectory and solidify its position as a key player in the financial close software industry.
