About Beanworks
Beanworks is a company based in Vancouver (Canada) founded in 2012 was acquired by Quadient in March 2021. Beanworks has raised $14.75 million across 3 funding rounds from investors including Timia Capital, Quadient and BDC. Beanworks operates in a competitive market with competitors including Razorpay, Bill.com, Konfío, Zaggle and AvidXchange, among others.
- Headquarter Vancouver, Canada
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Sectors
Technology
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Email
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Phone
Locked
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$14.75 M (USD)
in 3 rounds
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Latest Funding Round
$10.1 M (USD), Series B
Sep 19, 2018
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Investors
Timia Capital
& 5 more
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Employee Count
Not available
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Acquired by
Quadient
(Mar 22, 2021)
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People of Beanworks
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Sales and Marketing
161 people
Software Development Team
127 people
Leadership Team
104 people
Human Resources and Administration
27 people
Product Management Team
27 people
Operations Team
18 people
Finance and Accounting
15 people
Senior Team
14 people
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Funding Insights of Beanworks
Beanworks has successfully raised a total of $14.75M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10.1 million completed in September 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Beanworks
Beanworks has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Timia Capital, Quadient and BDC.
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Early-stage venture capital funding is provided by Rhino Ventures.
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Provides financing solutions including loans and credit lines for business expansion.
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Investor details for Beanworks
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Investments & Acquisitions by Beanworks
Investment portfolio details for Beanworks
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Financial Statements - Beanworks
Detailed financials for Beanworks
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Beanworks Comparisons
Peer comparison for Beanworks
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Competitors of Beanworks
Beanworks 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 Razorpay, Bill.com, Konfío, Zaggle and AvidXchange, among others.
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Payment and business banking solutions are provided for enterprises.
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Cloud-based accounts payable and receivable software for businesses
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Financial solutions platform provider
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Business spends, payments, and rewards are streamlined by automated workflows.
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Accounts payable and payment automation solutions are offered for businesses.
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Cloud-based purchase approval management software is provided for businesses.
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Detailed competitors of Beanworks
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Latest news on Beanworks
Complete news archive for Beanworks
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Frequently Asked Questions about Beanworks
Beanworks was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Beanworks is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Beanworks is a funded company, having raised a total of $14.75M across 3 funding rounds to date.
Beanworks was founded in 2012 in Vancouver, Canada, as a provider of cloud-based accounts payable automation software. Operations focus on invoice data entry, purchase order matching, routing to approvers, and payment options including virtual credit cards and EFTACH. Integrations with systems like QuickBooks, Sage, NetSuite, and RentManager are supported. Custom reports and reminders are included, serving clients such as TicketMaster and Triphase under a subscription model.
Beanworks has 6 investors. Key investors include Timia Capital, Quadient, BDC, FINTOP, and BDC Capital.