About Wave
Wave is a company based in Toronto (Canada) founded in 2010 was acquired by H&R Block in June 2019. It operates as a SaaS (Software-as-a-Service) and Freemium. Wave has raised $82.4 million across 13 funding rounds from investors including H&R Block, National Australia Bank and OurCrowd. Wave has completed 2 acquisitions, including Every and Vuru. Wave offers products and services including Invoicing, Payments, Accounting, and Payroll. Wave operates in a competitive market with competitors including Intuit, Visma, Clear, Xero and FreshBooks, among others.
- Headquarter Toronto, Canada
-
Sectors
Technology
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Wave Financial Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Wave
Wave offers a comprehensive portfolio of products and services, including Invoicing, Payments, Accounting, and Payroll.
Professional invoices are created quickly for small businesses.
Secure online payments are facilitated for faster transactions.
Income and expenses are tracked for organized bookkeeping.
Employee payments are managed reliably with legal compliance.
Funding Insights of Wave
Wave has successfully raised a total of $82.4M across 13 strategic funding rounds. 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.
Investors in Wave
Wave has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include H&R Block, National Australia Bank and OurCrowd.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital fund and fund of funds focused on early and growth stage blockchain companies
|
Locked | Locked | Locked | |
|
CRV is recognized as a venture capital firm investing in technology startups.
|
Locked | Locked | Locked | |
|
US focused VC firm investing in seed & growth stage companies
|
Locked | Locked | Locked |
Investor details for Wave
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Wave
Wave has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Every and Vuru.
Investment portfolio details for Wave
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Digital banking services for businesses are provided via mobile platforms.
|
Locked | Locked | 2017 | Locked | |
|
Automated stock analysis is provided through financial reports and screeners.
|
Locked | Locked | 2010 | Locked |
Complete acquisition details for Wave
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Wave
Detailed financials for Wave
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Wave Comparisons
Peer comparison for Wave
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Wave
Wave 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 Intuit, Visma, Clear, Xero and FreshBooks, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Financial and accounting software is developed for businesses and individuals.
|
|
| Locked | Locked | Locked |
Cloud-based ERP software is provided for business management across segments.
|
|
| Locked | Locked | Locked |
Technology-enabled accounting and finance solutions are offered for SMBs.
|
|
| Locked | Locked | Locked |
Cloud-based accounting and payment management is offered for small businesses.
|
|
| Locked | Locked | Locked |
Cloud-based invoicing and accounting software is offered for businesses.
|
Detailed competitors of Wave
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Wave
Complete news archive for Wave
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Wave
Wave was founded in 2010.
Wave is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Wave is a funded company, having raised a total of $82.4M across 13 funding rounds to date.
Financial management solutions are offered by Wave for small businesses and solopreneurs. Tools for invoicing, payments, accounting, and payroll are provided to streamline operations. Affordable and user-friendly services are designed to support bookkeeping and tax preparation. The focus is placed on simplifying money management for non-accountants across various sectors.
Wave offers Invoicing, Payments, Accounting, and Payroll.
Wave has 14 investors. Key investors include H&R Block, National Australia Bank, OurCrowd, HarbourVest Partners, and Social Capital.