About Basware
Basware is a Technology company based in Espoo (Finland) founded in 1985. It operates as a cloud and AI-based purchase-to-pay solutions are provided to businesses. The company has 446 employees. Basware has completed 5 acquisitions, including APMatching, Contemp and Glantus. Its chief executive is Klaus Andersen. Its website basware.com draws about 681 thousand monthly visits. Its Indian entity Basware India Private Limited reported revenue of ₹86.67 Cr. Basware offers products and services including Touchless Invoice Processing, e-Invoicing Network, and SmartPDF. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay. Its competitors include Coupa, Sage Group, Tipalti, Emburse and Airbase and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
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.
- Headquarters Espoo, Finland
- Employees 446
- SectorsTechnology
- Website category Computers Electronics and Technology · Programming and Developer Software
- Email••••••••
- Phone•••• ••••
- Website basware.com/en
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Basware India Private Limited
- Date of Incorporation 10 Jul, 2012
- Jurisdiction Chandigarh, India
- Annual Revenue₹86.67 Cr
FY 2025 · +1% YoY
- Net Profit₹8.39 Cr
FY 2025 · 10% margin
- EBITDA₹13.21 Cr
FY 2025 · 15% margin
- InvestorsEuropean Union
& 2 more
- Employee Count446
- Investments & AcquisitionsAPMatching
& 4 more
Associated legal entities of Basware
Basware operates through Basware India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Basware India Private Limited CIN U72900CH2012FTC033907 | Active | 10 Jul 2012 | Chandigarh, Chandigarh | ₹86.7 Cr | 446 | 3 | View details |
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
Apps and channels of Basware
its YouTube channel Basware has 555 subscribers and 26 videos.
Videos from Basware
The most watched videos on Basware's YouTube channel, Basware (555 subscribers). Click a video to play it here.
More on Basware.
Funding Insights of Basware
- Total Rounds 3
- Investors Count 3
All 3 funding rounds of Basware with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | – | Post-IPO | – | – | |
| Mar 2019 | $56.69M | Debt – Conventional | – | – | |
| Dec 2016 | – | Grant | – | – |
3 investors in total: 3 institutional.
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 |
|---|---|---|---|---|
Investments are focused on mid-market software and technology-enabled services firms. | – | accel-kkr.com | Menlo Park, United States | |
European growth private equity firm focused on software champions. | – | bregalmilestone.com | London, United Kingdom | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Basware
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Board of directors of Basware India Private Limited (Basware)
Basware India Private Limited is the primary company behind Basware. The board of Basware India Private Limited currently have 3 directors; the longest-serving is Sanjeev Kumar, appointed in 2020. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjeev Kumar DIN 08674474 | Director | 23 Jan 2020 | 6 yrs 8 mo | Basware India Private Limited |
| Martti Tapani Nurminen DIN 08716095 | Director | 11 Mar 2020 | 6 yrs 7 mo | Basware India Private Limited |
| Jason Mark Kurtz DIN 10531627 | Director | 28 Mar 2024 | 2 yrs 6 mo | Basware India Private Limited |
People of Basware
227 people are tracked at Basware (69 in leadership, 158 in team); the tracked headcount is 446.
| Name | Role | Group |
|---|---|---|
Mark McCarthy | Chief Revenue Officer | Leadership |
| CEO | Leadership | |
Arun Kumar | Chief Product Architect | Leadership |
Gustav Gnosspelius | Director Global Compliance | Leadership |
Prateek Arora | Talent Acquisition Partner | Leadership |
Rebecca Bermingham | HR Business Partner & Operations Manager | Leadership |
Adoum Namde | Vice President Of Professional Services | Leadership |
Lovedeep Behl | Senior Talent Acquisition Partner | R&d, Technology & Leadership Hiring | Leadership |
Andrew Fuhrmann | Vice President Of Customer Success - North America & APAC | Leadership |
Monique Serné | Human Resources Director | Leadership |
Manuela Nistor | Chief Product Owner | Leadership |
Mihaela Grosu | Customer Success Director | Leadership |
Marko Malmberg | Director, Portfolio Management | Leadership |
Hanna Ikonen | Vice President Of Customer Success EAME | Leadership |
Leigh Celones | Product & Content Marketing Director | Leadership |
Jenny Cleary | Marketing Director, Global Demand Generation | Leadership |
Olav Maas | Vice President Of Product Management | Leadership |
Franck Berdat | Chief Customer Support Officer | Leadership |
Katie Colbourne | Director, Marketing. Global Demand Generation Campaigns And Paid Media | Leadership |
Christopher Blake | Senior Vice President Marketing And Corporate Strategy | Leadership |
207 more people are available in the full profile.
Complete people profiles for Basware
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Financials of Basware
Figures of Basware India Private Limited, the primary company behind Basware, for FY 2025. Revenue was ₹86.67 Cr (+1% year on year). Net profit was ₹8.39 Cr (10% margin). EBITDA was ₹13.21 Cr (15% margin). Revenue has grown at a compounded annual rate of +11% over three years and +9% over five years.
- ₹86.67 CrRevenue · FY 2025 · +1% YoY
- ₹8.39 CrNet profit · 10% margin
- ₹13.21 CrEBITDA · 15% margin
- ₹1 LakhPaid-up capital
- 446Employees (provident fund records)
- +11%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Basware India Private Limited are on its company page.
Detailed financial statements for Basware
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Basware
Basware has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include APMatching, Contemp and Glantus.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provides automated fraud prevention for vendor onboarding and secure payments. | trustpair.com | Paris, France | 2017 | Aug 2026 | •••• | |
Cloud-based solutions automate invoice processing and supplier reconciliation for businesses. | apmatching.com | United Kingdom | 2013 | May 2024 | •••• | |
Accounting solutions for enterprises are provided by Glantus. | glantus.com | Gloucester, United Kingdom | 1987 | Oct 2023 | •••• | |
Purchasing and invoice processing software solutions are offered. | verian.com | Charlotte, United States | 1997 | Mar 2016 | $36M | |
Various wristwatches with contemporary designs are offered online by Contemp. | contemp.us | Dublin, Ireland | 0 | Sep 2008 | $15.16M |
Complete acquisition details for Basware
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Timeline of Basware
8 dated milestones of Basware across 41 years, from founding to its latest funding, stage changes and deals.
- Founded Basware is founded.
- Acquisition Acquires Contemp.
- Acquisition Acquires Verian Technologies.
- Funding First funding round.
- Funding Latest funding round, Post-IPO,.
- Acquisition Acquires Glantus.
- Acquisition Acquires APMatching.
- Acquisition Acquires Trustpair.
Competitors of Basware
Basware has 10 listed competitors in our database, 9 of them funded. They include Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| sage.com | 1981 | United States | – | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | |
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| procurify.com | 2012 | Vancouver, Canada | $82.49M | – | SaaS spend management software is used to automate procure-to-pay operations. | |
| ivalua.com | 2000 | Redwood, United States | $134.45M | 236 | Procurement management solutions are delivered for business operations. | |
| corcentric.com | 1998 | Mclean, United States | $81.2M | – | Cloud-based procurement automation solutions are delivered to businesses worldwide. | |
| mineraltree.com | 2010 | Cambridge, United States | $123.38M | 26 | Cloud-based accounts payable automation is delivered for businesses. |
Detailed competitors of Basware
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Web traffic of Basware
The website of Basware (basware.com) receives about 680.8K visits a month and ranks #43,990 among all websites worldwide, #5,357 in Programming and Developer Software.
- Monthly visits680.8K
▼ 1.1% vs previous month
- Unique visitors115.1K
per month
- Global rank#43,990
among all websites
- Category rank#5,357
Computers Electronics and Technology · Programming and Developer Software
- Bounce rate21%
- Pages per visit14.6
- Average visit11 min 54 sec
- DevicesDesktop 80% · Mobile 20%
Websites whose visitors overlap most with Basware. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
readsoft.com | readsoft.com | 100% | – | – | – |
baswarecorp.sharepoint.com | baswarecorp.sharepoint.com | 93% | – | – | – |
| bplogix.com | 93% | 6.8K | #2,326,818 | View details | |
| github.com | 93% | 542.6M | #65 | View details | |
| nexussystems.com | 92% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 28 similar websites and full traffic analytics for Basware
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Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as Basware (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.06 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Related news about Basware
Complete news archive for Basware
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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.
Basware has 446 employees.
The primary company behind Basware, Basware India Private Limited, reported revenue of ₹86.67 Cr for FY 2025, up 1% year on year.
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 5 acquisitions, including APMatching, Contemp, and Glantus.
Basware has 3 investors. Key investors include European Union, Accel-KKR, and Bregal Milestone.
Basware operates through Basware India Private Limited.
The legal entities of Basware currently have 3 directors, including Sanjeev Kumar, Martti Tapani Nurminen, Jason Mark Kurtz.