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
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Phone
*********
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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
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates invoice handling for efficient business operations
Facilitates electronic invoice exchange and compliance globally
Converts and manages PDF invoices for seamless integration
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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
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Post-IPO - Basware | Valuation |
investors |
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| Mar, 2019 | Amount | Debt – Conventional - Basware | Valuation |
investors |
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| Dec, 2016 | Amount | Grant - Basware | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location | |
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European growth private equity firm focused on software champions.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Basware
Basware has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include APMatching, Contemp and Glantus. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2013 | ||||
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Purchasing and invoice processing software solutions are offered.
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1997 | ||||
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Accounting solutions for enterprises are provided by Glantus.
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1987 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Basware
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Basware Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based end-to-end spend management software is delivered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Basware
Frequently Asked Questions about Basware
When was Basware founded?
Basware was founded in 1985 and raised its 1st funding round 31 years after it was founded.
Where is Basware located?
Basware is headquartered in Espoo, Finland.
Who is the current CEO of Basware?
Klaus Andersen is the current CEO of Basware.
How many employees does Basware have?
As of Apr 07, 2024, the latest employee count at Basware is 446.
What is the annual revenue of Basware?
Annual revenue of Basware is $9.99M as on Mar 31, 2023.
What does Basware do?
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.
Who are the top competitors of Basware?
Basware's top competitors include Coupa, Sage Group and Airbase.
What products or services does Basware offer?
Basware offers Touchless Invoice Processing, e-Invoicing Network, and SmartPDF.
How many acquisitions has Basware made?
Basware has made 4 acquisitions, including APMatching, Contemp, and Glantus.
Who are Basware's investors?
Basware has 3 investors. Key investors include European Union, Accel-KKR, and Bregal Milestone.
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