Aiia
Aiia is a Copenhagen-based European open banking technology provider founded in 2011, offering single-API bank connectivity to fintechs and enterprises across Europe under PSD2/PSD3 frameworks.
- Company typePrivate
- Founded2011
- HeadquartersCopenhagen, Denmark
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Aiia does
Aiia is a Copenhagen-based, privately held open banking technology provider founded in 2011 that connects to European banks through a single API. The company operates as a bank aggregator, enabling clients to access account data and initiate payments across multiple European banking rails from a unified integration point. Aiia is named as a key player in the European Open Banking Market, competing alongside Tink (now owned by Visa), TrueLayer, Yapily, Token.io, Klarna, Neonomics, Finexer, Finleap Connect, and Ozone API, in a market valued at approximately USD 10.45 billion in 2024 and projected to reach USD 38.87 billion by 2031 (~21.24% CAGR). Demand drivers cited include PSD2/PSD3 regulatory expansion, the UK's Pay by Bank infrastructure, SEPA Instant Credit Transfer adoption, and rising demand for embedded finance and cloud-based open banking platforms.
Aiia's core product is a single-API aggregator that abstracts the complexity of connecting to multiple European banks under PSD2/PSD3 frameworks. The company is headquartered in Copenhagen and operates across Europe with 51–100 employees. Pricing is not publicly disclosed, consistent with B2B API-platform economics (typically per-call, per-account, or tiered enterprise contracts). The company does not disclose named customers, marketing channels, or specific product modules in the available sources, indicating a relatively low public profile relative to better-capitalised peers such as Tink (Visa) and TrueLayer.
Aiia's capital structure is heavily concentrated: all four disclosed funding rounds — totalling approximately USD 15.3 million across 2016, 2018 (twice), and April 2020 — involve Danske Bank as the investor, with the 2018-12 round explicitly led by Danske Bank. This makes Danske Bank both a likely strategic partner/anchor client and the sole institutional capital provider, which is a significant concentration risk. The leadership team consists of co-founder & CEO Rune Mai, co-founder & CTO Guðmundur Hreiðarsson, Chairman Johan Lorenzen, and Director — Payment & Data Solutions Pia Skafte Johansen. No AI/ML capabilities, acquisitions, or product launches are documented in the available inputs.
Aiia firmographics
Firmographics- Name
- Aiia
- Legal name
- Aiia
- Website
- https://aiia.eu
- Company type
- Private
- Founded year
- 2011
- Headcount range
- 51–100 employees
- Short description
- Aiia is a Copenhagen-based European open banking technology provider founded in 2011, offering single-API bank connectivity to fintechs and enterprises across Europe under PSD2/PSD3 frameworks.
- Ownership category
- akta.pro rank
Aiia industry classification
Industry- Product category
- Open Banking API Platform
- NAICS
- Activities Related to Credit Intermediation (5223), Depository Credit Intermediation (5221)
- SIC
- Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ)
- akta.pro secondary industry
- A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF)
Keywords
Where Aiia is headquartered
LocationHeadquarters
- HQ city
- Copenhagen
- HQ country
- Denmark
- HQ region
- Europe
Markets served
Aiia business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Aiia product offering
Product offeringCore offering
Aiia provides a single API that gives businesses a direct connection to banks across Europe for open banking use cases such as account information and payment initiation. The platform is positioned as an open banking technology provider serving fintechs, financial institutions, and other businesses that need regulated access to bank data and payment rails under PSD2/PSD3.
Differentiator
Problem solved
Functional benefit
Products and services
- Aiia Open Banking API
Companies that use Aiia
Customer profileIdeal customer profiles2 records
Aiia technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Aiia partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights5 records
Aiia competitors and assessment
Company assessmentDirect peers
- Tink: Tink is a Stockholm-based open banking platform acquired by Visa in 2022. It is directly comparable to Aiia as a pan-European open banking API provider serving banks, fintechs, and merchants with account aggregation and payment initiation.
- TrueLayer: TrueLayer is a London-based open banking API platform offering AISP and PISP capabilities across the UK and Europe. It competes head-to-head with Aiia in the single-API, multi-bank connectivity space for fintechs and merchants.
- Token.io: Token.io is a London-based open banking payments network specializing in account-to-account payment initiation. It competes with Aiia in PSD2-driven payment initiation and bank connectivity across Europe.
- Yapily: Yapily is a London-based open banking infrastructure provider offering account aggregation and payment initiation via a single API across Europe. It is a direct competitor to Aiia in the European open banking connectivity market.
- Finleap Connect: Finleap Connect is a Berlin-based open banking platform offering multi-bank APIs for account information and payment initiation. It is listed alongside Aiia as a key player in the European Open Banking Market analysis.
- Neonomics: Neonomics is a Nordic-headquartered open banking API provider focused on payment initiation and account aggregation across Europe. It is explicitly listed alongside Aiia as a key player in the European Open Banking Market.
- Finexer: Finexer is a UK-based open banking API provider serving fintechs and businesses with account aggregation and payment initiation across UK and European banks. It is listed alongside Aiia as a key player in the European Open Banking Market.
- Ozone API: Ozone API is a UK-based open banking platform providing PSD2-compliant AISP and PISP services across European banks. It is cited alongside Aiia as a key player in the European Open Banking Market.
Broad incumbents
- Plaid: Plaid is a leading global open finance connectivity platform, dominant in the US and expanding in Europe and the UK. While larger and US-anchored, it overlaps with Aiia in offering bank connectivity APIs to fintechs and enterprises.
- Mastercard Open Finance: Mastercard's Open Finance Solutions business offers bank connectivity and account-to-account payment capabilities globally. As a broad incumbent with significant network and capital resources, it is a key competitor and potential partner/distributor for Aiia.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Aiia social profiles
Digital presenceAiia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aiia leadership team
Management profileNumber of profiles
Profiles4 records
Aiia funding detail
Funding detailFunding overview
Funding rounds4 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aiia M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aiia
What does Aiia do?
Aiia provides a single API that gives businesses a direct connection to banks across Europe for open banking use cases such as account information and payment initiation. The platform is positioned as an open banking technology provider serving fintechs, financial institutions, and other businesses that need regulated access to bank data and payment rails under PSD2/PSD3.
When was Aiia founded?
Aiia was founded in 2011. It employs 51 to 100 people.
Where is Aiia based?
Aiia is headquartered in Copenhagen, Denmark, in the Europe region.
Who are Aiia's main competitors?
Direct peers on record are Tink, TrueLayer, Token.io, Yapily, Finleap Connect, Neonomics, Finexer and Ozone API. Broad incumbents are Plaid and Mastercard Open Finance.
Does Aiia have an API?
No public API is recorded for Aiia.
What industry is Aiia in?
Aiia's product category is Open Banking API Platform. Its primary akta.pro industry code is BPAMAFAJ, Open Banking, Account Aggregation & Payment Initiation APIs, with a secondary code of FSAMAFAF, A2A Checkout & Merchant Acceptance Solutions. Its NAICS code is 5223 and its SIC code is 6099.