About Waave
Waave is a company based in Sydney (Australia) founded in 2022 by Mark Connolly, Ben Zyl, and Peter Traianou was acquired by Banked in October 2024. It operates as a FinTech. Waave has raised $4.7 million across 1 funding round from investors including Banked. Waave offers products and services including Pay by B. Waave operates in a competitive market with competitors including M2P Fintech, Prime Trust, AuthBridge, Frollo and Basiq, among others.
- Headquarter Sydney, Australia
- Founders Mark Connolly, Ben Zyl, Peter Traianou
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Waave Technologies Pty Ltd
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Products & Services of Waave
Waave offers a comprehensive portfolio of products and services, including Pay by B. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Real-time payments are enabled through Australia's PayTo network.
Funding Insights of Waave
Waave has successfully raised a total of $4.7M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.7 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $4.7M
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First Round
First Round
(19 Apr 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - Waave | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Waave
Waave has secured backing from 1 investor. Prominent investors backing the company include Banked. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Open banking APIs for payments and data access are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Waave
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Waave
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Waave Comparisons
Competitors of Waave
Waave 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 M2P Fintech, Prime Trust, AuthBridge, Frollo and Basiq, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Banking, lending, and payment solutions are provided via custom APIs.
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| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| domain | founded_year | HQ Location |
Cloud-based open banking API solutions are provided to banks.
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| domain | founded_year | HQ Location |
Financial data is aggregated through APIs for open banking services.
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| domain | founded_year | HQ Location |
Volt is recognized as a provider of real-time payment solutions globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Waave
Frequently Asked Questions about Waave
When was Waave founded?
Waave was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Waave located?
Waave is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of Waave?
Ben Zyl is the current CEO of Waave. They have also founded this company.
Is Waave a funded company?
Waave is a funded company, having raised a total of $4.7M across 1 funding round to date. The company's 1st funding round was a Seed of $4.7M, raised on Apr 19, 2023.
What does Waave do?
Waave Technologies Pty Ltd is engaged in offering real-time payment solutions through the Pay by B service, utilizing Australias PayTo network. The service is designed to facilitate instant payments for customers at checkout, both online and in-store, by connecting with their banking apps via PayID. Security and privacy are prioritized with trusted banking authentication, data encryption, and biometric measures. The solution integrates with all Australian banks, browsers, and phone operating systems, aiming to streamline the payment process while reducing transaction fees for businesses.
Who are the top competitors of Waave?
Waave's top competitors include M2P Fintech, AuthBridge and Volt.
What products or services does Waave offer?
Waave offers Pay by B.
Who are Waave's investors?
Waave has 1 investor. Key investors include Banked.
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