About Wave
Wave is a Technology company based in Toronto (Canada) founded in 2010, and was acquired by H&R Block in June 2019. Web-based accounting software is offered for business use. It operates on a SaaS (Software-as-a-Service) and Freemium model. 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. Its website waveapps.com draws about 6.4 million monthly visits. Wave offers products and services including Invoicing, Payments, Accounting, and Payroll. Its focus areas include Financial Technology and Accounting Software. Its legal entity is Wave Financial Inc.
Company details
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.
- Headquarters Toronto, Canada
- Stage Acquired
- SectorsTechnology
- Website category Computers Electronics and Technology · Programming and Developer Software
- Email••••••••
- Website waveapps.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by H&R Block (Jun 2019)
- Legal Name Wave Financial Inc.
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.
Apps and channels of Wave
Wave publishes 2 mobile apps with over 500K+ downloads; its YouTube channel Wave: Small Business Software has 16.1K subscribers and 30 videos.
Videos from Wave
The most watched videos on Wave's YouTube channel, Wave: Small Business Software (16.1K subscribers). Click a video to play it here.
More on Wave: Small Business Software.
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.
- Total Funding $82.4M
- Total Rounds 13
- First Round $140,954
(Jul 2010)
- Investors Count 13
Latest 10 of 13 funding rounds of Wave with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2019 | Series D | – | Fineqia | – | |
| May 2017 | $24M | Series D | – | National Australia Bank, Exhibition Capital | |
| Oct 2016 | $14.6M | Series D | – | BDC | |
| Jan 2016 | $6.7M | Series C | – | BDC | – |
| Aug 2015 | $1.22M | Series C | – | – | |
| May 2015 | $10M | Series C | – | – | |
| Oct 2013 | $6M | Series B | – | – | – |
| Jun 2012 | $12.08M | Series B | – | OMERS, CRV | – |
| Oct 2011 | $5.12M | Series A | – | CRV | |
| Sep 2011 | $1M | Seed | – | – |
14 investors in total: 14 institutional.
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 | 2006 | fineqia.com | Vancouver, Canada | |
CRV is recognized as a venture capital firm investing in technology startups. | crv.com | Palo Alto, United States | ||
US focused VC firm investing in seed & growth stage companies | 2011 | socialcapital.com | Menlo Park, United States | |
Early-stage technology-driven companies are targeted for venture capital investments. | omersventures.com | Toronto, Canada | ||
Private market investment solutions are offered to institutional clients. | 1982 | harbourvest.com | Boston, United States | |
| exhibition.vc | ||||
Accelerator & VC firm backed by RBC Royal Bank | rbcventures.ca | Toronto, Canada | ||
Early & late stage VC firm investing primarily in Netherlands | inkefcapital.com | Amsterdam, Netherlands | ||
Banking and financial services are provided to consumers and businesses. | 1981 | nab.com.au | Melbourne, Australia | |
Commercial banking services for small and medium-sized enterprises are provided. | 1944 | bdc.ca | Montreal, Canada |
Investor details for Wave
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Digital banking services for businesses are provided via mobile platforms. | getevery.com | Toronto, Canada | 2017 | Mar 2019 | •••• | |
Automated stock analysis is provided through financial reports and screeners. | vuru.co | Montreal, Canada | 2010 | Aug 2012 | •••• |
Complete acquisition details for Wave
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Wave
Web traffic of Wave
The website of Wave (waveapps.com) receives about 6.4M visits a month and ranks #6,988 among all websites worldwide, #1,001 in Programming and Developer Software.
- Monthly visits6.4M
▲ 6.1% vs previous month
- Unique visitors1.2M
per month
- Global rank#6,988
among all websites
- Category rank#1,001
Computers Electronics and Technology · Programming and Developer Software
- Bounce rate21%
- Pages per visit7.6
- Average visit7 min 23 sec
- DevicesDesktop 83% · Mobile 17%
Websites whose visitors overlap most with Wave. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| freshbooks.com | 100% | 2.7M | #16,539 | View details | |
| xero.com | 74% | 33.4M | #772 | View details | |
| zoho.com | 73% | #415 | View details | ||
ilovepdf.com | ilovepdf.com | 68% | #124 | – | |
| zapier.com | 67% | 6.8M | #5,382 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Wave
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about Wave
Complete news archive for Wave
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- Brand-specific news history
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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. The company's 1st funding round was a Seed of $1M, raised on Jul 2010.
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.
Wave operates through Wave Financial Inc..
Yes. Wave was acquired by H&R Block in June 2019.
Yes. Wave publishes Wave: Small Business Software and 1 more app, with over 500,000 downloads.
The website of Wave receives about 6.4 million visits a month and ranks #6,988 among all websites worldwide.