Basware - About the company
Basware is a late stage company based in Espoo (Finland), founded in 1985. It operates as a Provider of software for invoice lifecycle management and automation processes. Basware has raised an undisclosed amount in funding. The company has 352 active competitors, including 39 funded and 26 that have exited. Its top competitors include companies like AvidXchange, Konfío and RapidClaims.
Company Details
Provider of software for invoice lifecycle management and automation processes. This technology facilitates the processing of accounts payable through automated invoice matching, electronic invoicing, and procurement workflows. The system integrates with enterprise resource planning software to verify invoice accuracy and compliance with fiscal requirements. It supports the exchange of electronic documents between suppliers and buyers while providing tools for auditing and financial reconciliation.
- 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
Investors
Ranked
9th among 352 active competitors
Annual Revenue
€50M - €100M as on Dec 31, 2025
Employee Count
1,682 as on Sep 30, 2026
Legal entities associated with Basware
Basware is associated with 5 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Basware Oy CIN: 0592542-4 , Finland, Active | Jun 27, 1985 | €50M - €100M (As on Dec 31, 2025) | - | - |
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 INDIA PRIVATE LIMITED CIN: U72900CH2012FTC033907 , India, Active | Jul 10, 2012 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 268 (As on Oct 31, 2024) | |
Basware Corporation CIN: - , Finland, Active | Jun 26, 1985 | - | - | - |
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Basware's funding and investors
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 5 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 | 7624 | Post IPO | 1885 | 6564 | 2675 | 1041 |
Mar 20, 2019 | 4288398 | Conventional Debt | 5000167 | 1419316 | 1412722 | |
Dec 15, 2016 | 6954501 | Grant (prize money) | 3868110 | 3526306 | 2335683 |
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Basware's founders and board of directors
Founder? Claim ProfileBasware's employee count trend
Basware has 1,682 employees as of Sep 26. Here is Basware's employee count trend over the years:
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Basware's Competitors and alternates
Top competitors of Basware include AvidXchange, Konfío and RapidClaims. Here is the list of Top 10 competitors of Basware, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  AvidXchange 2000, Charlotte (United States), Acquired | Accounts payable and payment automation solution for businesses | $1.18B | 73/100 | |
2nd | Financial solutions platform provider | $378M | 67/100 | ||
3rd | RapidClaims 2023, Manhattan (United States), Series A | Provider of AI-powered platform for revenue cycle management and intelligence | $11.1M | 65/100 | |
4th | Ordermentum 2014, Sydney (Australia), Public | Provider of order management software solutions for businesses | $58.9M | 64/100 | |
5th |  Ottimate 2014, San Francisco (United States), Series B | Provider of AI-powered accounts payable automation software for multiple industries | $164M | 62/100 | |
6th | Ftni 2008, Omaha (United States), Acquired | Provider of cloud-based platform automating accounts receivable and payment processing | $1.12M | 62/100 | |
7th | Provider of B2B payments solutions | $5.6M | 62/100 | ||
8th | Provider of AI, SaaS, and Fintech digital solutions and services | $192M | 62/100 | ||
9th | Provider of software for invoice lifecycle management and automation processes | - | 61/100 | ||
10th | _1524470201855.png?devicePixelRatio=2&height=30&width=30){kind=logo} RoadSync 2015, Atlanta (United States), Series B | Accounts receivable solutions for businesses | $40M | 60/100 |
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Basware's Investments and acquisitions
Basware has not made any investments yet. Basware has made 5 acquisitions.Here is the list of latest three $acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Aug 26, 2026 | Acquisition | 2017 | Paris (France) | |
Dec 17, 2025 | Acquisition | 1995 | Chatswood (Australia) | |
May 08, 2024 | Acquisition | 2013 |
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Reports related to Basware
Here is the latest report on Basware's sector:
News related to Basware
Filter this listMedia has covered Basware for a total of 15 events in the last 1 year, 7 of them have been about company updates and 1 about partnerships.
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Basware Completes Acquisition of Trustpair, Enhancing Invoice to Payment Financial IntegrityPR Newswire•Oct 05, 2026•Basware, Trustpair
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Basware to Acquire Trustpair to Enhance Invoice-to-Payment Fraud PreventionPR Newswire•Aug 26, 2026•Basware, Trustpair
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Basware Launches 2026 Finance Performance Report Leveraging $10 Trillion in Transaction Data for Enhanced Finance InsightsGlobal Fintech Series•Aug 19, 2026•Basware
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Basware Customers Go Live on France's E-Invoicing Mandate Ahead of September 1 DeadlinePR Newswire•Jul 21, 2026•Basware, Vinci
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Basware Named a Leader in Accounts Payable Invoice Automation by ForresterPR Newswire•Jun 15, 2026•Basware
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Basware Invoice Lifecycle Management Now Available on SAP Store for Enhanced Cash Flow ManagementFintech Finance•May 14, 2026•Basware
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Basware Launches Industry-First AI Agent Training for Finance ProfessionalsPR Newswire•Apr 14, 2026•Basware
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