About Netsend
Netsend is a Technology company based in London (United Kingdom) founded in 1994, and was acquired by Corcentric in February 2019. It operates as a cloud-based e-invoicing and document delivery solutions are offered to businesses. The company has 19 employees. The company was acqui-hired. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Quote to Cash. Its legal entity is CORCENTRIC LIMITED. Its competitors include Billtrust, SumUp, PaySimple, Paymentus and Vyapar and 5 more; 10 of its 10 listed competitors have raised funding.
Company details
Netsend is a provider of cloud-based e-invoicing, document digitization and delivery solutions for businesses. Netsend was started in 1994 as a fax broadcast service and in 2005 the company launched the digitization solution. The solution works by importing accounting data of a business, creating digital documents using the data, and organizing the documents based on the preferred transmission channel (email, EDI, fax, post, FTP etc). Users can then access their Netsense portal, where they can view all the documents, manage the delivery workflow, and send invoices. The portal also provides reporting and performance metrics, audit trail, document analytics and payment tools. The company also offers a transition service to businesses, that claims to be able to convert 80 of clients paper-based documents to electronic formats within 12 months. As of November 2016, Netsense has been used by 1,000s of businesses in over 52 countries, and the solution supports multiple languages.
- Headquarters London, United Kingdom
- Employees 19
- SectorsTechnology
- Email••••••••
- Website netsend.com
- Social LinkedIn X Facebook
- Acquired by Corcentric (Feb 2019)
- Legal Name Corcentric Limited
- Date of Incorporation 26 Jul, 1999
- Jurisdiction LONDON, ENGLAND
- Investors
- Employee Count19
- Acquired byCorcentric
(Feb 2019)
Investors in Netsend
Netsend has secured backing from 1 investor. Prominent investors backing the company include Corcentric.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cloud-based procurement automation solutions are delivered to businesses worldwide. | 1998 | corcentric.com | Mclean, United States |
Investor details for Netsend
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- Complete investor list
- Round participation
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Timeline of Netsend
2 dated milestones of Netsend across 25 years, from founding to its latest funding, stage changes and deals.
- Founded Netsend is founded.
- Exit Acquired by Corcentric.
Competitors of Netsend
Netsend has 10 listed competitors in our database, 10 of them funded. They include Billtrust, SumUp, PaySimple, Paymentus and Vyapar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| billtrust.com | 2001 | Hamilton Township, United States | $105M | – | Invoice and payment management solutions are offered for small businesses. | |
| sumup.com | 2012 | London, United Kingdom | $996.66M | – | Provider of mPOS solution and card reader for offline retailers | |
| paysimple.com | 2006 | Denver, United States | $137.29M | 3,016 | Online payment and invoicing solutions are offered to small businesses. | |
| paymentus.com | 2004 | Atlanta, United States | $23.6M | 1,273 | Comprehensive billing and payment solution provider | |
| vyaparapp.in | 2016 | Bengaluru, India | $35.89M | 1,155 | Cloud-based invoicing and inventory tools for small businesses are provided. | |
| invoice.2go.com | 2002 | Palo Alto, United States | $60M | 28 | An app-based invoicing solution is provided for small businesses. | |
| vcita.com | 2010 | Bellevue, United States | $15M | – | Business management software is provided for small businesses. | |
| paystand.com | 2013 | San Francisco, United States | $77M | 46 | Payment processing for bitcoin, e-checks, and credit cards is facilitated. | |
| zervant.com | 2010 | Espoo, Finland | $22M | – | Invoice management software is provided for businesses. | |
| billingplatform.com | 2009 | Englewood, United States | $104M | – | Cloud-based billing and invoicing software is offered for businesses. |
Detailed competitors of Netsend
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Netsend
Websites that share an audience with Netsend (netsend.com).
Websites whose visitors overlap most with Netsend. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| netspend.com | 100% | 2.3M | #18,278 | View details |
Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as Netsend (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 | 3,108 | |
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 5.07 B | – | 6,209 | |
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 1.2 B | – | 5,356 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, Ile de France, France | USD 717.15 M | USD 171.7 M | 2,457 | |
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 | – | 8,159 |
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Frequently Asked Questions about Netsend
Netsend was founded in 1994.
Netsend is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Netsend has 19 employees.
Netsend is a provider of cloud-based e-invoicing, document digitization and delivery solutions for businesses. Netsend was started in 1994 as a fax broadcast service and in 2005 the company launched the digitization solution. The solution works by importing accounting data of a business, creating digital documents using the data, and organizing the documents based on the preferred transmission channel (email, EDI, fax, post, FTP etc). Users can then access their Netsense portal, where they can view all the documents, manage the delivery workflow, and send invoices. The portal also provides reporting and performance metrics, audit trail, document analytics and payment tools. The company also offers a transition service to businesses, that claims to be able to convert 80 of clients paper-based documents to electronic formats within 12 months. As of November 2016, Netsense has been used by 1,000s of businesses in over 52 countries, and the solution supports multiple languages.
Netsend has 1 investor. Key investors include Corcentric.
Netsend operates through Corcentric Limited.
Yes. Netsend was acquired by Corcentric in February 2019.