Italian fintech A-Cube closed a €4 mn investment round led by P101, with participation from Sella Direct Ventures. The new capital will support the company’s next growth phase across European markets and accelerate development of its digital tax reporting platform.
P101 will also provide operational support. Sella Direct Ventures, which invests in fintech and financial services technology, will give A-Cube access to its international network to support expansion.
A-Cube is an Italian RegTech (regulatory technology) company based in Milan, founded in 2018, that specializes in automated digital tax compliance and electronic document management. The company provides an API-first platform that helps businesses handle e-invoicing, tax reporting, and compliance across multiple jurisdictions.
The funding strengthens A-Cube’s position in European markets where tax reporting is moving toward real-time, digital, and interoperable systems. The company plans to use part of the capital to add AI models to its platform and broaden its offering into areas adjacent to digital tax reporting.
That expansion follows the changing needs of multinational companies operating across different tax regimes. Compliance has become less of an admin task and more of an operating layer. Boring, until it breaks.
A-Cube already operates in more than 10 countries. Since 2019, it has processed more than 70 mn invoices, served over 450 clients, and connected more than 120,000 entities through its infrastructure.
Founded in 2018, A-Cube has built an API-first platform for end-to-end tax and document workflows. The platform connects business systems, financial institutions, and public administrations within one interoperable architecture.
Its technology supports electronic invoicing, e-reporting, and compliance processes across different regulatory frameworks. The company says the system is designed for real-time management, scalability, and operational continuity.
Antonino Caccamo, co-founder and CTO of A-Cube, said global taxation is going through a deep transformation as regulation and technology move toward more digital reporting models. He said Italy has led early adoption and continues to move quickly, including with electronic payment developments that took effect on April 20, 2026.
The same trend is spreading across Europe. With the VIDA Directive scheduled for 2028, real-time tax reporting is expected to become standard.
A-Cube wants to build infrastructure that helps companies manage complex multi-country compliance and turn it into a more strategic process.
The European backdrop is becoming more favourable for A-Cube’s model. The VAT in the Digital Age Directive is expected to generate more than €110 bn in additional VAT revenue over the next decade. Continuous transaction control models are also expanding, pushing companies toward electronic invoicing and real-time tax reporting.
According to Beinsure, the opportunity for regtech firms sits in the shift from filing compliance to live transaction infrastructure. Companies need systems that connect tax, finance, and operations without manual reconciliation across countries.
A-Cube wants to move from a compliance platform into a technology layer for integrated digital trade. That means linking tax, financial, and operational data to support automation and control across the administrative cycle.
P101 partner Giuseppe Donvito said the investment doubles the firm’s exposure to regtech, which it views as a fast-growing strategic sector. He said P101 will support A-Cube as electronic invoicing spreads across Europe.
Donvito cited Deloitte estimates showing electronic invoicing could be adopted by 90% of European companies by 2030, reaching a market value above €20 bn. He said tax data is becoming a strategic asset for emerging systems that connect digital tax reporting and digital trade.
P101 will support A-Cube’s expansion into new application areas. The company is expected to develop into an enabler of financial, tax, and operational processes, supported by AI-driven automation, better data quality, and predictive capabilities.
For P101, A-Cube is its second regtech investment after Aptus AI in 2023. It is also the 15th investment through Programma 103, Azimut Eltif Venture Capital P103, and Programma 103R Digital.
Programma 103 is supported by the European Union through the InvestEU Fund. Programma 103R Digital is supported by CDP Venture Capital, including through the Digital Transition – PNRR fund, which uses EU NextGeneration EU resources to support the digital transition of supply chains and SMEs.
A-Cube’s solutions enable the structured management of tax processes ensuring regulatory compliance and business continuity across international contexts. Accredited to the PEPPOL network, the company operates in over 10 countries, supporting businesses and software houses in managing tax compliance within complex and constantly evolving regulatory environments.
