Airfaas
Airfaas (AirFaas Oy) is a Finnish cloud-based SaaS procurement platform for industrial manufacturers, sourcing agents, and traders, offering RFQ, order, nonconformity, logistics, spend analytics, MES, and supplier-portal modules with an integrated Finance Loop for credit-insured financing via Euler Hermes and Nordea Bank.
- Company typePrivate
- Founded2017
- HeadquartersHelsinki, Finland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Airfaas does
Airfaas (legally AirFaas Oy) is a Finnish cloud-based SaaS company founded in 2017 and headquartered in Helsinki that provides a procurement and operations platform purpose-built for industrial manufacturing companies, sourcing agents, and traders. The platform unifies the full procurement lifecycle through dedicated modules for RFQ creation and management, purchase and sales order management with full audit trail, nonconformity tracking, logistics and warehousing with palletization and barcoding, real-time spend and category analytics, reporting and KPI dashboards, and master data management with a flexible master/slave architecture. In March 2024 the company extended its scope into shop-floor operations with the launch of MES 1.0, a Manufacturing Execution System module that converts components into assemblies from BOMs with landed-cost calculation and blueprint management.
The platform is built on an open-API architecture that integrates with ERP, PLM, WMS, MDM, BI, and accounting systems, positioning Airfaas as an interoperable layer on top of incumbent ERPs rather than a rip-and-replace suite. A distinctive element is the Finance Loop service, a credit-insured financing arrangement coordinated with Euler Hermes (credit insurance up to 90% of material and labour costs in case of counterparty insolvency) and Nordea Bank (prepayment financing up to 30% of order value), which is not available from standard procurement suites.
Airfaas monetizes through a subscription model with monthly fees scaled to customer revenue and active user counts, supplemented by a one-time setup fee starting at €3,000, invoiced quarterly upfront with a default one-year commitment and three-month termination notice. Go-to-market combines self-serve onboarding (free for passive suppliers and partner-side users) with a sales-led enterprise motion targeting procurement professionals, management, and IT stakeholders in manufacturing. Leadership is family-anchored with Edward Blomstedt as Chairman of the Board, Robert Blomstedt as CEO, and Jabis Sevon as CDO; the company received the DIGITALEUROPE SME Award in 2018 from the European Commissioner for Digital Economy & Society.
Airfaas firmographics
Firmographics- Name
- Airfaas
- Legal name
- AirFaas Oy
- Website
- https://airfaas.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Airfaas (AirFaas Oy) is a Finnish cloud-based SaaS procurement platform for industrial manufacturers, sourcing agents, and traders, offering RFQ, order, nonconformity, logistics, spend analytics, MES, and supplier-portal modules with an integrated Finance Loop for credit-insured financing via Euler Hermes and Nordea Bank.
- Ownership category
- akta.pro rank
Where Airfaas is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
Airfaas business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Subscription Revenue: Monthly subscription fee based on two metrics: customer revenue and number of active users. Subscriptions are invoiced upfront quarterly with a default one-year subscription period. Customers can terminate with 3 months notice.
- Setup Fee: One-time set-up fee starting from 3000€ for implementation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | SaaS subscription with setup fee - pricing based on customer revenue and number of active users |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Airfaas product offering
Product offeringCore offering
Airfaas provides a cloud-based SaaS procurement platform for the manufacturing industry, branded as "Factory as a Service" (FaaS). The platform digitizes and centralizes the manufacturing procurement lifecycle — from RFQ creation and supplier sourcing through order management, nonconformity handling, logistics, spend analytics, and supplier finance.
Product overview
AirFaas is a cloud-based SaaS procurement platform for manufacturing companies, offering a unified system for strategic and operational purchasing. The platform comprises multiple integrated modules: RFQ Management (for creating and managing RFQs and projects), Order Management (for purchase and sales orders), Nonconformity Management (for quality issues), Logistics and Warehousing (for shipments and inventory), Spend and Category Management (for spend analytics), Reporting and KPIs (for business intelligence), Master Data Management (for data synchronization), MES Module (for manufacturing execution), Supplier Portal (for supplier collaboration), and Finance Loop Service (for credit-insured financing). The platform is built on an open API architecture enabling integration with ERP, PLM, WMS, MDM, BI, and accounting systems.
Differentiator
Problem solved
Functional benefit
Products and services
- Airfaas Procurement Platform Cloud-based SaaS platform for industrial manufacturers to manage the end-to-end procurement process, including RFQ management, order management, nonconformity management, logistics and warehousing, spend and category management, reporting and KPIs, master data management, MES integration, and a supplier portal. Targeted at project-driven manufacturers, sourcing companies, agents, traders, and their suppliers.
- Finance Loop Service Supplier finance and trade credit service integrated with the Airfaas platform, delivered with partners Euler Hermes and Nordea Bank. Designed to give manufacturers and their suppliers working-capital and payment-term solutions directly inside the procurement process.
Quantifiable outcome
- Companies can save 5% of their total spend with better insight and better tools
Companies that use Airfaas
Customer profileSegments7 records
Ideal customer profiles2 records
Airfaas technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature9 records
Airfaas partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights5 records
Airfaas competitors and assessment
Company assessmentEmerging players
- Tipalti: Procure-to-pay and AP automation platform. Partial overlap with AirFaas in supplier-facing workflows and finance-attached procurement, though focused on finance/accounts-payable rather than technical procurement.
- Kissflow Procurement Cloud: Low-code procurement workflow platform serving mid-market. Overlaps with AirFaas in purchase-order and approval workflows, but with a horizontal rather than industrial-vertical orientation.
Direct peers
- Precoro: Procurement SaaS for SMB and mid-market with RFQ, PO, and supplier management features. Closely comparable in scope and target customer size to AirFaas, though less industrially specialized.
- Tradogram: Cloud procurement platform with RFQ, PO, and supplier portal functionality targeting SMB and mid-market. Closely mirrors AirFaas's core procurement workflow at a smaller scale.
- Procurify: Mid-market procurement and spend management SaaS. Comparable in customer segment (mid-market) and pricing model (subscription tied to usage), though lighter on technical/industrial procurement features.
- Ivalua: Procure-to-pay platform with strong direct-materials and supplier-management capabilities, including manufacturing customers. Closest like-for-like functional competitor to AirFaas's full procurement suite.
Broad incumbents
- GEP SMART: Unified procurement platform from GEP covering sourcing, spend analysis, and supplier management. Overlaps with AirFaas in direct-materials sourcing and category management for industrial buyers.
- SAP Ariba: Largest enterprise procurement and supply-chain platform, embedded in SAP's ERP ecosystem. Competes with AirFaas in the procurement category but targets large global enterprises rather than industrial mid-market.
- Coupa Software: Public procurement and spend management SaaS platform with broad business spend coverage. Overlaps with AirFaas in indirect/direct spend analytics but lacks the industrial/technical procurement depth.
- Jaggaer: Procurement and supplier management platform with strong direct-materials and manufacturing customer base. Direct overlap with AirFaas in industrial procurement, but at much larger enterprise scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Airfaas social profiles
Digital presenceAirfaas financial estimates
Financial estimateRevenue estimate
Valuation estimate
Airfaas leadership team
Management profileNumber of profiles
Profiles3 records
Airfaas funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Airfaas 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 Airfaas
What does Airfaas do?
Airfaas provides a cloud-based SaaS procurement platform for the manufacturing industry, branded as "Factory as a Service" (FaaS). The platform digitizes and centralizes the manufacturing procurement lifecycle — from RFQ creation and supplier sourcing through order management, nonconformity handling, logistics, spend analytics, and supplier finance.
Is Airfaas a public or private company?
Airfaas is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Airfaas founded?
Airfaas was founded in 2017. It employs 11 to 50 people.
Where is Airfaas based?
Airfaas is headquartered in Helsinki, Finland, in the Europe region.
How does Airfaas make money?
Two revenue lines are on record. Subscription Revenue is the primary driver. The others are setup Fee.
Who are Airfaas's main competitors?
Emerging players on record are Tipalti and Kissflow Procurement Cloud. Direct peers are Precoro, Tradogram, Procurify and Ivalua. Broad incumbents are GEP SMART, SAP Ariba, Coupa Software and Jaggaer.
Does Airfaas have an API?
Yes. AirFaas architecture is based on APIs for extensive connectivity with any system that supports typical secure integration methods. Supports integration with any business object needed to complete end-to-end processes, including purchase orders, sales orders, price lists, goods receipts, and other procurement data. The system can act as either master or slave for master data management, enabling data synchronization throughout the IT network.