About Wax Digital
Wax Digital is a company based in Hyde (United Kingdom) founded in 2001 was acquired by Medius in November 2019. The company has 103 employees. Wax Digital offers products and services including AP Automation, Payment Automation, Fraud & Risk Detection, and Supplier Conversations. Wax Digital operates in a competitive market with competitors including Tipalti, Sage Group, MineralTree, Coupa and Airbase, among others.
- Headquarter Hyde, United Kingdom
- Employees 103
- SectorsTechnology
- Website waxdigital.com
- Social LinkedIn X Facebook
- Acquired by Medius (Nov 2019)
- Legal Name Medius Software Limited
- Date of Incorporation 21 May, 2001
- Jurisdiction MANCHESTER, ENGLAND
- Annual Revenue$13.05 M (USD)10as on Dec 31, 2020
- Net Profit$1.27 M (USD)22as on Dec 31, 2020
- InvestorsAugust Equity
& 1 more
- Employee Count103
- Acquired by
Products & Services of Wax Digital
Wax Digital offers a comprehensive portfolio of products and services, including AP Automation, Payment Automation, Fraud & Risk Detection, and Supplier Conversations.
Automates invoice processing and accounts payable to enhance efficiency.
Simplifies supplier payments and reduces fraud risks in transactions.
Uses AI to monitor and prevent fraud in financial processes.
Enables autonomous updates for suppliers on invoice and payment status.
Investors in Wax Digital
Wax Digital has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include August Equity and Medius.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
August Equity is engaged in lower mid-market private equity investments. | – | augustequity.com | London, United Kingdom | |
Medius is recognized for providing accounts payable automation software. | – | mediusflow.com | Jacksonville, USA |
Investor details for Wax Digital
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Timeline of Wax Digital
3 dated milestones of Wax Digital across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Wax Digital is founded.
- Exit Acquired by August Equity.
- Exit Acquired by Medius.
Competitors of Wax Digital
Wax Digital 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 Tipalti, Sage Group, MineralTree, Coupa and Airbase, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. | |
| sage.com | 1981 | United States | – | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | |
| mineraltree.com | 2010 | Cambridge, United States | $123.38M | 26 | Cloud-based accounts payable automation is delivered for businesses. | |
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| 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. | |
| chromeriver.com | 2007 | Los Angeles, United States | $155M | 277 | Cloud-based expense reporting & invoice management solutions for businesses |
Detailed competitors of Wax Digital
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Web traffic of Wax Digital
Websites that share an audience with Wax Digital (waxdigital.com).
Websites whose visitors overlap most with Wax Digital. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| purchasingnet.com | 100% | – | – | View details | |
| caci.co.uk | 75% | – | #694,411 | View details |
Latest news on Wax Digital
Complete news archive for Wax Digital
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Similar companies to Wax Digital
10 companies that operate in the same segment as Wax Digital (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 3.21 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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Frequently Asked Questions about Wax Digital
Wax Digital was founded in 2001.
Wax Digital is headquartered in Hyde, United Kingdom.
Wax Digital has 103 employees.
Annual revenue of Wax Digital is $13.05M as on Dec 31, 2020.
Founded in 2001 and based in Hyde, United Kingdom, Wax Digital operates in the eprocurement sector. Cloud-based source-to-pay solutions are provided through its flagship Web3 software, which integrates sourcing, procurement, and contract management. Standalone eSourcing and procure-to-pay options are available, alongside the full suite. An integration platform, Web3 Connect, is offered to link with systems such as SAP, Oracle, and Microsoft. Customers include Nissan, NHS, and Xerox.
Wax Digital's top competitors include Coupa, Sage Group and Airbase.
Wax Digital offers AP Automation, Payment Automation, Fraud & Risk Detection, and Supplier Conversations.
Wax Digital has 2 investors. Key investors include August Equity, and Medius.
Wax Digital operates through Medius Software Limited.
Yes. Wax Digital was acquired by Medius in November 2019.