What is Wave Financial's business focus and history?

Wave Financial is a Canadian company based in Toronto, founded in 2009 by Kirk Simpson and James Lochrie. It provides financial services and software for small businesses, offering solutions like accounting, invoicing, payroll, and payments. Wave Financial was acquired by H&R Block in 2019 for $405 million. The company has 370 employees and has raised significant funding, including a $24 million Series D round in 2017 led by National Australia Bank. Wave Financial has received awards such as being certified as a Great Place to Work®️ for four consecutive years.

Wave Financial Corporate Details & Core Services

Wave Financial is a Canadian company providing financial services and software for small businesses, offering solutions like accounting, invoicing, payroll, and payments.

Wave Financial Contact Information & Official Links

Website https://www.waveapps.com
Social        
Email id media@waveapps.com
Head office address Toronto, Ontario, Canada
Tags financial services small business software accounting software

What are Wave Financial's Key Business Metrics & Stats?

No of employees 370
Founded year 2009
Type private
Industry Financial Services
Location Toronto, Ontario, Canada
Parent Company hrblock.com
Pricing Strategy free software with paid financial services
Wave Financial Firmographic Snapshot 2026 2009 Founded Year 370 Global Employees Canada Headquarters FinancialServices Industry Private Type Verified by DexterAgent.ai

How much funding has Wave Financial raised to date?

Name Description
Funding Amount USD 24 Million
Stage Series D
Latest Valuation 405 Million (USD)
Lead Investor National Australia Bank
Investors National Australia Bank, Royal Bank of Canada, Portag3, Exhibition Ventures

What are Wave Financial's Core Products?

Name Description
Accounting Track income and expenses for accurate books.
Invoicing Send professional invoices and manage payments.
Payroll Run payroll for employees or contractors.
Payments Accept credit cards and bank payments.
Receipts Scan and store receipts to track expenses.

What are the latest developments at Wave Financial?

Date Type Description
June, 2019 acquisition H&R Block acquires Wave Financial for $405 million.
May, 2018 partnership Wave partners with Microsoft to enable invoice payments directly in Outlook.

What industry awards and recognitions has Wave Financial received?

Date Type Description
September, 2020 certification Certified as a Great Place to Work®️ for four consecutive years.
Name Description
Legal Name Wave Financial Inc.
Cin number
GST number
Registration number

Who is in Wave Financial's executive leadership team?

Name Designation
CEO Zahir Khoja
Co-founder and CEO Kirk Simpson
Co-founder James Lochrie
Chief Financial Services Officer Les Whiting

Where are Wave Financial's primary office locations?

City Country
Toronto Canada

What are the current business signals and market intelligence for Wave Financial?

Pain points managing finances, invoicing, payroll processing
Sales motion direct sales, online marketing
Buyer Persona small business owners, freelancers
Type of customer small businesses, entrepreneurs
Key customer domain

What is Wave Financial's annual revenue history?

Year Revenue (USD)
2016 20 Million

What are Wave Financial's risk management and compliance ratings?

GDPR RIsk No
Privacy Risk No
Company Ratings 1.2
Glassdoor Rating

What are Wave Financial's business model and service classifications?

Saas Yes
Offline Stores No
Service Yes
Ecommerce No
Exporter No
Mobile App Yes
Retail No
B2B Yes
B2C No
Manufacturing No
Wholesale No
Importer No
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