A-Cube has announced that it has closed a €4 million investment round led by P101, which will also provide the start-up with operational support during this new phase of development. Sella Direct Ventures, an investor specialising in fintech and financial services technology, is also participating in the round and will make its international network available to A-Cube to accelerate its growth.
This funding round consolidates the growth trajectory A-Cube has embarked upon in key European markets and will serve to accelerate the technological development of its platform, including through the integration of artificial intelligence models. The new capital will also support the expansion of the offering into segments adjacent to digital tax reporting, in line with the evolving regulatory framework and the compliance needs of multinational companies operating in diverse regulatory environments.
The company already operates in over 10 countries and has processed more than 70 million invoices since 2019, serving over 450 clients and connecting more than 120,000 entities via its infrastructure – factors that demonstrate its ability to operate effectively in complex international environments.
“We are in a phase of profound transformation in global taxation, in which regulatory developments and technological innovation are converging towards increasingly digital and integrated reporting models,” says Antonino Caccamo, co-founder and CTO of A-Cube, in a statement (left in the photo) – Italy has led the way and continues to evolve rapidly, as demonstrated by the latest developments regarding electronic payments, which came into force on 20 April 2026. This trend is spreading across Europe, and with the introduction of the VIDA Directive scheduled for 2028, real-time tax reporting will gradually become the norm. In this context, we want to build an infrastructure capable of supporting businesses in increasingly complex multi-country environments, making compliance an integrated and strategic process.”
“With our investment in A-Cube, we are doubling our exposure to regtech, a rapidly growing and increasingly strategic sector,” emphasised Giuseppe Donvito, a partner at P101 (on the right in the photo) – “We will support the company in this new phase of growth, seizing the opportunities linked to the spread of electronic invoicing which, in light of regulatory developments, is estimated to be adopted by 90% of European companies by 2030, reaching a value of over €20 billion (source: Deloitte). At the same time, a profound technological transformation is underway: tax data is becoming a strategic asset for new emerging systems that integrate digital tax reporting and digital trade. In this scenario, we will support the expansion of our offering into new application areas, and A-Cube will evolve into an enabler of financial, tax and operational processes, thanks in part to the integration of artificial intelligence, which brings with it greater automation, data quality and predictive capabilities.”
Founded in 2018, A-Cube has developed an API-first platform that enables end-to-end management of tax and document workflows, connecting business systems, financial institutions and public administrations within a single interoperable architecture. The solution enables real-time management of electronic invoicing, e-reporting and compliance processes across diverse regulatory frameworks, ensuring scalability and operational continuity.
The strengthening of A-Cube’s market position comes against a European backdrop characterised by increasing regulatory harmonisation. The introduction of the VIDA (VAT in the Digital Age) Directive, which is estimated to generate over €110 billion in additional VAT revenue over the next decade, and the gradual expansion of continuous transaction control models are accelerating the uptake of electronic invoicing and real-time tax reporting, transforming compliance into a critical infrastructure for businesses’ competitiveness and operational efficiency. Against this backdrop, A-Cube aims to further evolve its role, moving from a compliance platform to a technological layer for Integrated Digital Trade, capable of integrating tax, financial and operational data and enabling new forms of automation and control throughout the entire administrative cycle.
For P101, this is the second regtech investment following the 2023 investment in Aptus AI, and the 15th investment made through Programma 103, Azimut Eltif Venture Capital P103 and Programma 103R Digital. In particular, Programma 103 is also supported by the European Union through the InvestEU Fund, and Programma 103R Digital is supported by CDP Venture Capital, including through the Digital Transition – PNRR fund, which utilises resources allocated by the EU via the NextGeneration EU initiative, with the aim of promoting the digital transition of supply chains and small and medium-sized enterprises.
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