Basware

Hertfordshire, United Kingdom Founded: 2003 • Age: 23 yrs Acquired By Glantus
Risk management and business consulting services are provided.
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About Basware

Basware is a company based in United Kingdom founded in 2003 was acquired by Glantus in November 2021. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Basware offers products and services including AP Automation, e-Invoicing Network, and Procure-to-Pay.

  • Headquarter Hertfordshire, United Kingdom
  • Sectors
    Business Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Basware Oy
Operational Areas
Business Services → Financial, Accounting & Compliance Services
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    Glantus

    (Nov 24, 2021)

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Products & Services of Basware

Basware offers a comprehensive portfolio of products and services, including AP Automation, e-Invoicing Network, and Procure-to-Pay. 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.

Primary

Automation of accounts payable processes is provided efficiently.

Electronic invoicing solutions are offered for global compliance.

End-to-end procurement and payment solutions are delivered.

Funding Insights of Basware

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Basware

Basware has secured backing from 1 investor. Prominent investors backing the company include Glantus. 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.

All
Investor Description Founded Year Domain Location
Accounting solutions for enterprises are provided by Glantus.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Basware

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Basware

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Basware Comparisons

Employees
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Competitors of Basware

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Basware

Frequently Asked Questions about Basware

When was Basware founded?

Basware was founded in 2003.

Where is Basware located?

Basware is headquartered in United Kingdom. It is registered at Hertfordshire, United Kingdom.

What does Basware do?

Basware is established as a global leader in accounts payable automation and cloud-based procure-to-pay solutions. The company is trusted by major brands to manage over 230 million invoice transactions annually. Solutions are provided across various sectors with a focus on intelligent automation, full compliance, and end-to-end invoice lifecycle management. An extensive dataset of over 2.2 billion invoices is utilized to enhance AI-driven processes. Services are designed to consolidate systems and simplify business operations for finance teams worldwide.

What products or services does Basware offer?

Basware offers AP Automation, e-Invoicing Network, and Procure-to-Pay.

Who are Basware's investors?

Basware has 1 investor. Key investors include Glantus.

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