About Basware
Basware is a company based in Espoo (Finland) founded in 1985. The company has 446 employees as of April 07, 2024. Basware has completed 4 acquisitions, including APMatching, Contemp and Glantus. Basware offers products and services including Touchless Invoice Processing, e-Invoicing Network, and SmartPDF. Basware operates in a competitive market with competitors including Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
- Headquarter Espoo, Finland
- Employees 446 as on 07 Apr, 2024
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Sectors
Technology
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Basware India Private Limited
- Date of Incorporation 10 Jul, 2012
- Jurisdiction Chandigarh, Chandigarh, India
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Annual Revenue
$9.99 M (USD)31.74as on Mar 31, 2023
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Net Profit
$898.62 K (USD)25.34as on Mar 31, 2023
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EBITDA
$1.73 M (USD)27.44as on Mar 31, 2023
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Latest Funding Round
Not available
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Investors
European Union
& 2 more
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Employee Count
446
as on Apr 07, 2024
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Investments & Acquisitions
APMatching
& 3 more
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Products & Services of Basware
Basware offers a comprehensive portfolio of products and services, including Touchless Invoice Processing, e-Invoicing Network, and SmartPDF.
Automates invoice handling for efficient business operations
Facilitates electronic invoice exchange and compliance globally
Converts and manages PDF invoices for seamless integration
People of Basware
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Software Development Team
36 people
Product Management Team
31 people
Leadership Team
23 people
Human Resources and Administration
21 people
Senior Team
21 people
Sales and Marketing
18 people
Customer Team
14 people
Operations Team
11 people
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Funding Insights of Basware
Investors in Basware
Basware has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Accel-KKR and Bregal Milestone.
| Investor | Description | Founded Year | Domain | Location |
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Investments are focused on mid-market software and technology-enabled services firms.
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European growth private equity firm focused on software champions.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Investor details for Basware
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Basware
Basware has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include APMatching, Contemp and Glantus.
Investment portfolio details for Basware
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based solutions automate invoice processing and supplier reconciliation for businesses.
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Locked | Locked | 2013 | Locked | |
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Purchasing and invoice processing software solutions are offered.
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Accounting solutions for enterprises are provided by Glantus.
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Locked | Locked | 1987 | Locked |
Complete acquisition details for Basware
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Basware
Detailed financials for Basware
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
- Statement rows
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Basware Comparisons
Peer comparison for Basware
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Basware
Basware operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based end-to-end spend management software is delivered for businesses.
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Cloud-based accounting and payroll solutions for small and medium businesses
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Corporate cards and expense management are offered to businesses.
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Procure-to-pay management software is offered for business operations.
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Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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Detailed competitors of Basware
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Basware
Complete news archive for Basware
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Basware
Basware was founded in 1985 and raised its 1st funding round 31 years after it was founded.
Basware is headquartered in Espoo, Finland.
Klaus Andersen is the current CEO of Basware.
As of Apr 07, 2024, the latest employee count at Basware is 446.
Annual revenue of Basware is $9.99M as on Mar 31, 2023.
Basware was founded in 1985 in Espoo, Finland, and operates in the fintech sector focused on procurement and invoicing. Cloud-based platforms incorporating AI are utilized for e-invoicing, source-to-pay workflows, financial analytics, accounts payable automation, e-procurement, strategic sourcing, and travel and expense management. These services are extended to enterprises and small to medium-sized businesses across various regions.
Basware's top competitors include Coupa, Sage Group and Airbase.
Basware offers Touchless Invoice Processing, e-Invoicing Network, and SmartPDF.
Basware has made 4 acquisitions, including APMatching, Contemp, and Glantus.
Basware has 3 investors. Key investors include European Union, Accel-KKR, and Bregal Milestone.