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 of Basware. They are also an angel investors in 1 startup.

How many employees does Basware have?

As of May 31, 2026, the latest employee count at Basware is 1692.

Is Basware a funded company?

Basware is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Dec 15, 2016.

When was the latest funding round of Basware?

Basware's latest funding was a $***** Post IPO round on 2022, with participation from 1 investor.

What is the annual revenue of Basware?

Annual revenue of Basware is $157M as on Dec 31, 2016.

Where does Basware rank among its competitors?

Basware ranks 11th amongst 91 active competitors, of which 20 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Avalara, which secured $500M in Nov, 2025.

Who are the top competitors of Basware?

Basware's top competitors include Avalara, Vertex and Anrok. Among them, Avalara secured the most recent funding round in November, 2025.

Basware - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of cloud-based solutions for invoice automation and financial processes. The company offers accounts payable automation, procure-to-pay automation, and an e-invoicing network. These solutions help organisations digitise financial processes, reduce paper use, and improve supply chain transparency. The company’s products include features for invoice matching, compliance, and analytics.

Website: www.basware.com/en/
Social
Email ID: *****@basware.com
Phone Number: +358 **********

Key Metrics

Founded Year

1985

Location

Espoo, Finland

Stage

Late Stage

Latest Funding Round

Post IPO, 2022, $*****

Investors

Accel-KKR & 3 more

Ranked

11^th among 91 active competitors

Annual Revenue

$157M as on Dec 31, 2016

Employee Count

1,692 as on May 31, 2026

Investment & Acquisitions

Redmap & 3 more

Similar Companies

Avalara & 1848 more

View Basware's full profile

Basware is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BASWARE PTY LTD CIN: 096671528 , Australia, Active	May 01, 2001	-	-	-
BASWARE A/S CIN: 26404703 , Denmark, Active	Dec 31, 2001	-	16 (As on Mar 31, 2024)
Basware Corporation CIN: - , Finland, Active	Jun 26, 1985	$157M (As on Dec 31, 2016)	-	-
BASWARE INDIA PRIVATE LIMITED CIN: U72900CH2012FTC033907 , India, Active	Jul 10, 2012	$10.3M (As on Mar 31, 2025)	268 (As on Oct 31, 2024)

Basware has raised funding over 3 rounds. Its first funding round was on Dec 15, 2016. Its latest funding round was a Post IPO round on 2022 for $*****. 1 investor participated in its latest round. Basware has 4 institutional investors.

Here is the list of recent funding rounds of Basware:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2022	5744	Post IPO	7996	8551	9756	7678
Mar 20, 2019	8124440	Conventional Debt	2351212	5656928	4358257	Bregal Milestone
Dec 15, 2016	5962468	Grant (prize money)	5831477	8485684	8446298	Europa

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Basware's employee count trend

Basware has 1,692 employees as of May 26. Here is Basware's employee count trend over the years:

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Top competitors of Basware include Avalara, Vertex and Anrok. Here is the list of Top 10 competitors of Basware, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Avalara 2004, Seattle (United States), Acquired	Provider of cloud-based solutions for tax compliance and related services	$343M	Sageview Capital, Battery Ventures & 17 others	81/100
2nd	Vertex 1978, King Of Prussia (United States), Public	Provider of tax technology software and solutions for global businesses	-	HTIF, Marc Bell Capital	65/100
3rd	Anrok 2020, San Francisco (United States), Series C	Provider of automated sales tax compliance software for modern commerce	$109M	Index Ventures, Sequoia Capital & 11 others	64/100
4th	Unifiedpost Group 2001, La Hulpe (Belgium), Public	Provider of digital solutions for automating financial processes and tax compliance	$59.7M	SmartFin, PE Group & 6 others	64/100
5th	Way2Vat 2015, Tel Aviv (Israel), Public	Provider of automated VAT and GST reclaim and compliance solutions	$5M	Poalim Capital Markets, Moneta & 8 others	63/100
6th	Baiwang 2015, Beijing (China), Public	Provider of digital solutions for financial supply chain and tax compliance	$147M	Alibaba Group, Shenzhen Capital Group & 7 others	61/100
7th	Zamp 2022, San Francisco (United States), Seed	Provider of digital employee solutions for finance and operations automation	$46.7M	Peak XV Partners & 12 others	61/100
8th	Syndio 2009, Seattle (United States), Acquired	Provider of compensation decision intelligence platform for pay equity and compliance	$83M	Emerson Collective, Bessemer Venture Partners ... & 15 others	61/100
9th	AppZen 2012, San Jose (United States), Series D	Provider of AI-powered software for expense auditing and accounts payable	$283M	Coatue, Riverwood Capital & 24 others	60/100
10th	Sovos Compliance 1979, Wilmington (United States), Acquired	Provider of cloud platform for automated tax and regulatory compliance	-	TA, Ontario Teachers' Pension Plan & 1 others	58/100
11th	Basware 1985, Espoo (Finland), Late Stage	Provider of cloud-based solutions for invoice automation and financial processes	-	Accel-KKR, Bregal Milestone & 2 others	58/100

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Basware has not made any investments yet. Basware has made 4 acquisitions.

Here is the list of latest three $acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 17, 2025	Acquisition	Redmap	1995	Chatswood (Australia)
May 08, 2024	Acquisition	APMatching	2013	United Kingdom
Oct 23, 2023	Acquisition	Glantus	1987	Gloucester (United Kingdom)