May 2026
đź“Ł VC round data is live. Check it out!
 | Founded in Germany in 1972 by former IBM employees, SAP is the world’s largest provider of enterprise application software. Known as the leader in enterprise resource planning software, SAP’s portfolio also includes software for supply chain management, procurement, travel and expense management, and customer relationship management, among others. The company operates in more than 180 countries and has more than 400,000 customers, approximately 80% of which are small to medium-size enterprises. | $175 | -43% | $205B | $202B | 4.6x | 14.4x | ||
 | Intuit serves small and midsize businesses with accounting software QuickBooks and online marketing platform Mailchimp. The company also operates retail tax filing tool TurboTax, personal finance platform Credit Karma, and a suite of professional tax offerings for accountants. Founded in the mid-1980s, Intuit enjoys a dominant market share for small-to-midsize business accounting and self-serve tax filing in the US. | $320 | -58% | $88B | $86B | 4.6x | 11.0x | ||
| Workday is a software company that offers human capital management, financial management, and business planning solutions for enterprises. Known for being a cloud-only software provider, Workday was founded in 2005 and is headquartered in Pleasanton, California. | $128 | -48% | $32B | $31B | 3.3x | 10.1x | ||
| Corpay Inc is a corporate payments company that helps businesses and consumers manage and pay their expenses. Its suite of modern payment solutions helps customers manage vehicle-related expenses, lodging expenses, and corporate payments. Its reportable segments are; Vehicle Payments, Corporate Payments, Lodging Payments, and Other. The group's geographic areas are the United States, Brazil, the United Kingdom, and Other. | $348 | +7% | $23B | $31B | 6.7x | 12.9x | ||
 | The Sage Group is a U.K.-based provider of accounting and enterprise resource planning, or ERP, software, predominantly to customers in the U.S. and Europe. The company was founded in 1981 and historically sold on-premises software products with perpetual software licenses. However, the company is transitioning toward cloud connected and cloud native products, sold via software-as-a-service, or SaaS, contracts. Sage’s main cloud native products include Sage Accounting, for small businesses, and Sage Intacct, which Sage acquired in 2017, for midsize businesses. | $12 | -27% | $11B | $13B | 3.8x | 14.9x | ||
 | Xero is a technology company originating from New Zealand, providing cloud-based accounting software, primarily for small and midsize enterprises, or SMEs, and accounting practices. As a first mover in the space for cloud-based accounting software, Xero has grown quickly to achieve dominant market share in New Zealand and Australia, displacing legacy providers. Xero has also expanded beyond its home region toward other English-speaking countries, primarily the United Kingdom and the United States. | $54 | -59% | $9B | $7B | 5.3x | 14.5x | ||
| Clearwater Analytics describes its mission as aiming to be the world’s most trusted and comprehensive technology platform for the entire investment cycle. Clearwater has historically focused on back-office functions such as investment accounting, but with acquisitions such Enfusion, Beacon, and Bistro, the firm has broadened its focus with front-office and middle-office capabilities. Clearwater primarily serves insurance companies, asset managers, hedge funds, and corporate treasuries. Pro forma for Enfusion, about 76% of Clearwater’s revenue is generated in the US. | $24 | +12% | $7B | $8B | 11.0x | 32.3x | ||
| ServiceTitan Inc is an end-to-end technology platform built for contractors to transform the performance of their businesses. The Company’s platform provides business owners, technicians, customer service representatives and other key office staff with technology tools designed to help customers grow revenue, drive operational efficiencies, deliver a superior end-customer experience and monitor key business drivers in real-time. The Company also has subsidiaries in Yerevan, Armenia and British Columbia, Canada that primarily serve as research and development and support centers. | $63 | -43% | $6B | $6B | 5.9x | 36.9x | ||
| OneStream Inc is an AI-enabled and extensible software platform that unifies core financial functions and broader operational data and processes within a single platform. The Digital Finance Cloud of the company provides a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders the control, visibility, and agility required to proactively adjust business and day-to-day execution. Company platform unifies core financial and operational data and processes within a single platform, with solutions that maintain the integrity of corporate reporting standards for Finance while providing operationally insights for business users. | $24 | -16% | $4B | $4B | — | — | ||
 | Totvs SA is a provider of information technology solutions to small and medium enterprises in the education, government, healthcare, and retail end markets. The Company's business purpose is to provide business solutions for companies of all sizes, through the development and sale of management software, productivity platforms, collaboration, and data intelligence, digital marketing, as well as the provision of implementation, consulting, advisory, maintenance services, e-commerce, and mobility. The Company operates in three reportable segments, which include the TOTVS Management segment, the RD Station segment, and the TOTVS Techfin segment. The majority of its revenues is generated from the TOTVS Management segment. | $6 | -21% | $4B | $4B | 3.8x | 13.5x | ||
| BILL Holdings Inc is a provider of software-as-a-service, cloud-based payments and spend and expense management products, which allow users to automate accounts payable and accounts receivable transactions, enable businesses to easily connect with their suppliers or customers to do business, eliminate expense reports, manage cash flows and improve back office efficiency. Initial Public Offering and Follow-on Offering. | $36 | -17% | $4B | $3B | 2.3x | 13.3x | ||
| Vertex Inc is a provider of tax technology and services. Its software, content, and services help customers stay in compliance with indirect taxes that occur in taxing jurisdictions all over the world. It provides cloud-based and on-premise solutions to specific industries for every line of tax, including income, sales, consumer use, value-added, and payroll. The company offers solutions such as tax determination, Tax Data Management, document management, and compliance and reporting, among others. The company derives revenue from software subscriptions. | $13 | -66% | $2B | $2B | 3.0x | 14.1x | ||
| BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company’s solutions enable its customers to address various aspects of their critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash. The majority of the revenue of the company is earned in the United States. | $29 | -48% | $2B | $2B | 2.7x | 9.6x | ||
 | Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation. | $27 | -6% | $2B | $1B | 4.0x | 23.3x | ||
 | 74Software is an enterprise software group. Its segment divisions are the Axway Group, which delivers IT solutions enabling the automatic management of data exchange within and outside companies, and SBS operates in several segments related to banking and financial services, which include Specialised Finance, Modular comprising, Integrated Core, Banking Components, and Specialised Markets. The group generates the majority of its business from Axway Group. | $45 | +1% | $1B | $2B | 1.9x | 11.2x | ||
 | Fujian Boss Software Corp formerly known as Fujian Boss Software Development Co Ltd provides software products and services in China. The company offers financial notes and non-tax collection management products, including non-tax revenue collection management platform, financial notes electronic management systems, government procurement platform, departmental budget management software, departmental accounts reporting software, asset management platform, financial integration system. | $1 | -36% | $1B | $985M | 3.3x | 24.6x | ||
| Freee KK is a developer of cloud-based software. Its software products include Cloud Accounting software, Cloud HR Labor software, Cloud ERP for Midsize companies, among others. | $14 | -38% | $837M | $704M | 3.1x | 78.9x | ||
 | Kolon Enp Inc is an engineering plastics specialist company in Korea that produces and sells engineering plastic. It manufactures and markets engineering plastics such as polyamide, polyacetal, PEL, PPS, etc. The company's product used in automobile, electricity and electronic and life material. | $10 | +127% | $388M | $331M | — | — | ||
| Baiwang Co Ltd is an enterprise digitalization solutions provider in China, focusing on offering cloud-based SaaS solutions and on-premises solutions for financial and tax digitalization solutions, data-driven analytics services as well as other enterprise through Baiwang Cloud platform. It process a variety of transaction documents, including among others, invoices, receipts, bills, and other accounting records, that accurately reflect key business transactions of enterprises. The company derives all of its revenue from the PRC. | $1 | -68% | $332M | $264M | 2.5x | 278.6x | ||
| Miroku Jyoho Service Co Ltd offers systems, solutions, and services to accounting firms and their client companies, small and mid-sized companies and data-compatible financial accounting systems. The firm's products include software applications, hardware, and supplies. Its services include tax service, account processing service, management guidance service, IT support and provision of management information services and installation and software and hardware support services etc. | $11 | -2% | $327M | $271M | 0.9x | 4.9x | ||
 | Zaggle Prepaid Ocean Services Ltd is into spend management, with a differentiated value proposition and diversified user base. It offers a diversified portfolio of SaaS, including tax and payroll software. The company's core product portfolio includes; Propel, a SaaS platform for channel partner rewards and incentives, employee rewards and recognition; SAVE, a SaaS-based platform for employee expense management, reimbursements and benefits; and Zoyer, an integrated data driven SaaS-based procure-to-pay and utility payment platform. The company's operating segments are based on the nature of the products and services provided and include; Propel platform revenue/gift cards which derives maximum revenue, Platform fee/SaaS fee/Service fee and Program fee. | $2 | -52% | $302M | $250M | 1.3x | 10.6x | ||
| Avant Group Corp Develops, sells, and maintains software to help customers make timely and appropriate management decisions and promote management reforms based on a variety of information, both financial and non-financial, and provides software-based consulting and BPO services, thereby contributing to DX of Management. | $7 | -25% | $249M | $180M | 0.9x | 5.2x | ||
| Chanjet Information Technology Co Ltd is a provider of software and services and related products to financial and management services. Its services include platform services, application services, data services, and financial services for small and micro-scale enterprises. Its Cloud products include Chanjet Good Accountant, T+Cloud, Chanjet Good Business, Chanjet Intelligent+, and Chanjet Easy Accounting Agent. The company generates the majority of its revenue from Mainland China. The company generates the majority of its revenue from Rendering of services, followed by Sale of products. | $1 | -18% | $226M | $95M | 0.6x | 6.8x | ||
| MCAP Inc operates as a financial technology company that focuses on electronic market making, securities execution, and financial technology innovation. The group offers Platform Solutions, featuring the QwickRoute and QwickBonds brands, that deliver trading technology and customized algorithmic execution to optimize trading outcomes. Its solutions offer seamless connectivity, intelligent order routing, and automated execution strategies-enabling direct access to trading venues or consolidated liquidity through an extensive network. | $9 | -23% | $209M | $209M | — | — | ||
| Aptitude Software Group PLC is engaged in the provision of IT services and solutions, including software-based activity. It operates its business through the Aptitude Software Segment. Its Aptitude Software business provides a series of specialized financial management software applications, and the majority of the revenue is derived from software licenses, software subscription fees, maintenance, support, funded development, and related consultancy. It operates in two geographic regions, the United Kingdom and the Rest of the world, and the majority of its revenue comes from the United Kingdom. | $3 | -20% | $160M | $131M | 1.5x | 10.0x | ||
| PCA Corp develops and sells computer software. | $8 | -30% | $157M | $25M | 0.2x | 1.4x | ||
 | Briox AB is a SaaS company. The company offers solutions to manage the smallest businesses finances. The solutions are being sold online and through Accounting Agencies and Accountants. Briox software connects the Accountant with the business owner, and the customers are to be found within multiple industries with a focus on the service segment. Its software is available in Finland, Estonia, Latvia and Lithuania. | $2 | +173% | $146M | $144M | 85.4x | (116.5x) | ||
 | Link Bilgisayar Systemleri Yazilimi ve Donanimi Sanayi ve Ticaret AS is a software development company. It develops integrated business application software that covers all accounting, production, and commercial operational requirements. Some of its products and solutions include e-Document e-Ledger; Bank Integration; Organized Industry Billing; e-Purchase Invoice Transfer; Mandatory Feed Operations Management and others. | $0 | -99% | $125M | $111M | 3.5x | 9.0x | ||
 | Serko Ltd is engaged in the provisioning of computer software solutions for corporate travel. The company's products are Serko Online and Serko Expense which are cloud-based enterprise-grade solutions that help corporates manage their travel and expense programs. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand, the US, India, Singapore, and Others. The company generates revenue from Serko Online, Serko Zeno, Serko Mobile, and Serko Expense technology platforms. | $1 | -45% | $120M | $84M | 1.6x | (221.2x) | ||
| Expensify Inc is a cloud-based expense management software platform that helps various businesses simplify the way to manage money. It is used to scan and reimburse receipts from flights, hotels, coffee shops, office supplies and ride shares. People use Expensify's free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay and travel booking in one app. | $1 | -48% | $110M | $49M | 0.3x | 3.1x | ||
 | Banqup Group SA is an integrated cloud-based SaaS solution to streamline business transactions across the entire lifecycle, from e-invoicing and e-payments to tax reporting. The group provides solutions for businesses, unifies purchase-to-pay, order-to-cash, e-invoicing compliance, and e-payments into one secure platform, removing the complexity of juggling disconnected tools. The company generates revenue from digital services and from traditional communication services. | $3 | -35% | $106M | $151M | 2.5x | (11.2x) | ||
 | Autocount Dotcom Bhd is principally involved in the development and distribution of financial management software comprising accounting, POS, and payroll under the AutoCount brand. The range of AutoCount software is comprehensive as is designed to support a wide range of fundamental finance and accounting functions of a business. Its geographic areas are Malaysia, Singapore, and Others. It generates the majority of its revenue from Malaysia. | $0 | -44% | $92M | $80M | 4.2x | 7.1x | ||
 | Arab Sea Information System Co is a Saudi Arabia-based company that specializes in the production of software for small, medium, and large businesses and offers information systems and solutions for government institutions and IT sectors. The company's business activities are the Installation and extension of computer and communication networks, Retail sale of computers and its accessories, including (printers and their inks) and Operating systems. | $1 | -40% | $87M | $101M | 7.1x | (165.4x) | ||
| Credit Clear Ltd is engaged in the business of providing financial services. Its provision of debt resolution services and the ongoing technology development and implementation of the Company’s digital engagement platform. The Group also provides commercial legal expertise as part of its full end-to-end collections management service. Its segments include Collections and Legal Services. The company generates maximum revenue from the Collections segment. Geographically, it derives a majority of its revenue from Australia. | $0 | -3% | $80M | $63M | 1.9x | 13.2x | ||
| WebCash Corp is a South Korea based company involved in providing business software solutions. Its Webpage B2B pin tech platform is a corporate finance contact platform connecting ERP to all financial institutions and corporations. The company also provides Small Business Accounting Professional Software named Accounting Country. | $5 | -46% | $68M | $54M | 1.1x | 3.9x | ||
| IODM Ltd provides cloud-based software services in Australia. It develops an automated debtor management solution, which provides accounts receivable monitoring and collection management tool through a central cloud-based platform for businesses. The company generates revenue in the form of setup and customisation fees and licencing fees. The company has one operating segment, cloud based software as a service provider. The geographic market includes Australia, New Zealand, the United States, and the United kingdom. The majority of revenue is generated from the United Kingdom. | $0 | +9% | $64M | $63M | 32.0x | (32.1x) | ||
 | Creactives Group SpA through its subsidiaries, develops AI-powered semantic technologies for data management in the Supply Chain and Procurement industry. The company through collaboration with its partners, creates technological projects providing its customers with support in supply chain data management activities based on; the collaborative AI-semantic technology platform, Vanessa, to create the digital twin of (cleaned and categorized) customer supply chain data, and then developing a system of applications using the data collected, and offering it to the customers. | $3 | +16% | $51M | $52M | 6.4x | 223.4x | ||
| Fast Accounting Co Ltd is engaged in AI solution business specializing in the field of accounting. Its services include invoice Automation of input/confirmation, Automated invoice matching, Automate receipt input/confirmation, Automated receipt matching and others. | $5 | -58% | $51M | $41M | 2.6x | 14.2x | ||
 | IFIRMA Spolka Akcyjna provides services in the field of software development as well as recruitment and outsourcing of IT staff. Its services include internet accounting, accounting office, invoices application, and warehousing software. The company is working on www.firmbee.com - a project management software which manages firm’s tasks, finances, supports remote team work and HR processes. | $7 | +2% | $47M | $46M | 2.6x | 10.0x | ||
| Reckon Ltd provides accounting and payroll software to the small and medium enterprise market. It operates in two segments: Business Group, which develops, distributes, and supports business accounting and personal financial software, as well as related products and services; Practice Management Group, Lega is into development, distribution, and support of cost recovery, scan, and cloud-based integration platforms under the nQ Zebraworks brand predominantly to the legal market. The company's geographical segments are Australia, the United States, and Other countries. The company generates the majority of its revenue from Australia. | $0 | -15% | $34M | $40M | 0.9x | 2.1x | ||
| Neovici Holding AB (publ) Co is engaged in providing automated financial services through a SaaS model (Software-as-a-Service). It develop, sell and implement a cloud-based platform for financial automation. The company operates in the Nordic region and in Latin America. | $1 | -46% | $25M | $24M | 1.7x | 254.8x | ||
| Upland Software Inc is a software company. It provides cloud-based software applications in three categories: Knowledge Management that provides solutions designed to help organizations capture, organize, and distribute information to employees and customers. Content Lifecycle and Workflow Automation offers solutions that support document management, compliance, and process efficiency across various industries. Digital Marketing solutions that provides tools for audience engagement, campaign management, and content distribution across digital channels. | $1 | -67% | $21M | $352M | 1.6x | 6.1x | ||
| PaySauce Ltd is a New Zealand-based software company. It is a Software as a Solution (SaaS ) fintech platform providing solutions for people at work. The technology enables small employers to digitally onboard, pay, and manage employees from any device. The platform includes rosters, mobile timesheets, payroll calculations, banking integration, automated payments, PAYE filing, labour costing, automated general ledger entries, and digital employment contracts. It generates maximum revenue in the form of processing fees, which are the monthly or annual subscription customers pay for PaySauce payroll products. Geographically, the company generates a majority of its revenue from its business within New Zealand. | $0 | +43% | $20M | $24M | 6.5x | 31.9x | ||
| Macompta.FR SA is an online accounting and management company. It offers a solution for managing accounting, collections, quotes and invoices, and producing the tax package. | $6 | -29% | $18M | $18M | 3.5x | 12.9x | ||
 | Konsolidator AS is a software-as-a-service (SaaS) provider that develops a cloud-based solution for financial consolidation. The company's platform automates consolidation processes for small- and medium-sized enterprise groups, supporting group finance functions by handling consolidation calculations and providing access to consolidated financial and performance data. The solution is offered under a subscription-based model and is designed to support use across multiple entities and reporting periods. | $1 | +23% | $17M | $20M | 5.0x | (46.4x) | ||
| Garin AI SA is a Poland-based technology company building a portfolio of projects that utilize artificial intelligence. The group provides an AI Solution Portfolio for small and medium-sized enterprises and government institutions. Its projects are Meal Plus, AI2help, KSeF Virtual Advisor (AI), and AI agents. | $1 | +14% | $15M | $14M | 200.8x | 61.4x | ||
| 8Common Ltd is engaged in delivering enterprise-grade financial transaction processing for government entities and large enterprise businesses. Its flagship Expense8 platform is a pure-play provider of end-to-end travel expense management software, card application, and management. The software solutions improve organisation, productivity, and incorporate company organisational policies and expense auditing to reduce fraud. Its CardHero (prepaid card payment and fund distribution) delivers solutions to support regulated, large network, and high-volume requirements. 8common specialises in the large enterprise and government segments. | $0 | -- | $3M | $3M | 0.6x | (236.1x) | ||
| Median | $5 | -28% | $209M | $180M | 3.1x | 10.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.