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Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Acquired
Total Funding
$98.1M
Headquarters
Toronto, Canada
Founded
2009
Wave Financial provides financial software solutions specifically designed for small businesses, freelancers, and independent contractors. Their main products include invoicing, accounting, and receipt scanning, which are offered for free, making it accessible for users who want to manage their finances without the high costs associated with traditional accounting software. Wave generates revenue through optional paid features, such as payment processing and payroll services, which allow clients to accept payments and manage employee payroll efficiently. The software is designed to work together seamlessly, giving users a comprehensive view of their financial health. Unlike competitors like QuickBooks, Wave focuses on user-friendliness and affordability, aiming to empower small businesses to handle their finances effectively.
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Total Funding
$98.1M
Below
Industry Average
Funded Over
8 Rounds
Remote Work Options
Health Insurance
Wellness Program
Professional Development Budget
Flexible Work Hours
Paid Holidays
Paid Sick Leave
It is a testament to the business-to-business (B2B) landscape that firms tend to pivot toward, and not away, from it. After all, you hear a lot more about one-time business-to-consumer (B2C) firms embracing B2B channels than vice-versa. But that doesn’t mean that the B2B landscape, for all its attractions, is an easy one to thrive within. Fortunately, a suite of modern innovations is transforming the landscape by helping B2B firms solve long-standing legacy frictions, as well as keep an eye on what can’t be controlled for — at least not yet. That’s why PYMNTS keeps an ear to the ground, listening for all of the latest initiatives. The top themes we heard this week were around the benefits of workflow automation; the need of smaller firms for flexible financing solutions; and why operational visibility is at its most important when uncertainty is the only certainty
Payroll infrastructure company Check has teamed with Wave, a money management platform for small businesses. The collaboration, announced Wednesday (April 3), will let the more than 300,000 small businesses using Wave access “full-service payroll functionality” in all 50 U.S. states. “Payroll has long been a growth hurdle for small businesses due to its complexity,” Check said in a news release. “There are 11,000 U.S. payroll jurisdictions, and the administrative burdens that come with proper tax calculation, form filing, and remittance can be stifling for small business owners who are often wearing multiple hats across HR, marketing and more.”
NEW YORK--(BUSINESS WIRE)--Check, the leading payroll infrastructure company that pioneered the ability for platforms to embed payroll into their products, today announced its partnership with Wave, the one-stop money management platform for small business owners. Over 300,000 small businesses that use Wave will soon have access to best-in-class full-service payroll functionality across all 50 U.S. states.Payroll has long been a growth hurdle for small businesses due to its complexity. There are 11,000 U.S. payroll jurisdictions, and the administrative burdens that come with proper tax calculation, form filing, and remittance can be stifling for small business owners who are often wearing multiple hats across HR, marketing and more. Check’s API abstracts the complexity required to both build and run payroll
As of 2024, Wave has introduced a second paid plan that gives small businesses the option to scale up with Wave as they grow.
Last March, Wave laid off approximately 50 employees or 14 percent of its team.
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Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Acquired
Total Funding
$98.1M
Headquarters
Toronto, Canada
Founded
2009
Find jobs on Simplify and start your career today