Internship
Wave Financial
201-500 employees
Financial software solutions for small businesses
No salary listed
Toronto, ON, Canada
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- 2+ years of education within software development
- Exposure to web frameworks
- Able to operate and monitor highly available systems in production, or willing to quickly learn how to do so
- Borderline obsessive about testing and quality of workmanship
- Curiosity and excitement about technology as a force for good
- Pride in writing testable, modular, maintainable, simple, and well-documented code
- Experience with web application and/or distributed systems development
- Feeling right at home in the terminal
- Currently studying Computer Science, Mathematics, Software Engineering or equivalent
- Face exciting, out of the box challenges day in day out
- Rapidly grow into leading technical projects, processes, and standards
- Write clear, concise, elegant, and well-tested code in Python, Ruby, and/or JavaScript
- Work as part of a small, agile, integrated product team that’s focused on continual improvement of their skills and helping each other learn new things
- Build something that will make lives of real people easier
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 financial management accessible without the high costs associated with traditional accounting software. Users can also opt for paid features such as payment processing and payroll services, with transaction fees starting at 1%. Wave's products work together seamlessly, allowing users to manage all aspects of their finances in one place, which helps them maintain a clear understanding of their financial health. Unlike competitors like QuickBooks, Wave focuses on simplicity and affordability, making it easier for small business owners to handle their finances effectively. The goal of Wave Financial is to empower small businesses to succeed by providing them with user-friendly financial tools.
Company Size
201-500
Company Stage
Acquired
Total Funding
$486.1M
Headquarters
Toronto, Canada
Founded
2009
Simplify's Take
What believers are saying
- Partnership with Check enhances payroll services across all 50 U.S. states.
- New paid plan in 2024 caters to growing small businesses, increasing retention.
- Updated mobile app attracts users preferring on-the-go financial management.
What critics are saying
- Increased competition from fintech companies could erode Wave's market share.
- Paid model introduction may alienate users accustomed to free services.
- Managing payroll across 11,000 jurisdictions poses compliance challenges.
What makes Wave Financial unique
- Wave offers free accounting and invoicing, unlike many competitors.
- Wave's products are integrated, providing a seamless financial management experience.
- Wave's user-friendly interface appeals to small business owners and freelancers.
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Benefits
Remote Work Options
Health Insurance
Wellness Program
Professional Development Budget
Flexible Work Hours
Paid Holidays
Paid Sick Leave
Company News
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.