When was Wave founded?

Wave was founded in 2010 and raised its 1st funding round within a year of its incorporation.

Where is Wave located?

Wave is headquartered in Toronto, Canada.

Who is the current CEO of Wave?

Kirk Simpson of Wave. They are also angel investors in 5 startups, including .

How many employees does Wave have?

As of Apr 30, 2026, the latest employee count at Wave is 273.

Is Wave a funded company?

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 round, raised on Jul 01, 2010.

When was the latest funding round of Wave?

Wave's latest funding was a $***** Series D round on May 02, 2019, with participation from 1 investor.

Where does Wave rank among its competitors?

Wave ranks 7th amongst 2908 active competitors, of which 227 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Pennylane, which secured $205M in Jan, 2026.

Who are the top competitors of Wave?

Wave's top competitors include Intuit, Vyapar and Pennylane. Among them, Pennylane secured the most recent funding round in January, 2026.

Wave - 2026 Company Profile, Team, Funding & Competitors

Q: Is Wave an acquired company?

Wave got acquired by H&R Block on Jun 11, 2019.

Company Details

Wave provides web-based accounting software for businesses. It features solutions for accounting to track income and expenses, invoicing to create and send invoices to customers with multiple templates, receipt scanning, mobile invoicing, recurring billing, and more. The mobile application is available on both IOS platform and the APK version.

Website: www.waveapps.com/
Social
Email ID: *****@waveapps.com

Key Metrics

Founded Year

2010

Location

Toronto, Canada

Stage

Acquired

Total Funding

$82.4M in 13 rounds

Latest Funding Round

Series D, May 02, 2019, $*****

Investors

CRV & 21 more

Ranked

7^th among 2908 active competitors

Employee Count

273 as on Apr 30, 2026

Investment & Acquisitions

Myna Swap & 8 more

Similar Companies

Intuit & 3613 more

Exit Details

Acquired by H&R Block (Jun 11, 2019)

View Wave's full profile

Wave is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Wave Accounting Inc. CIN: 1496076 , United States, Active		$1 - $1M (As on Jun 18, 2012)	-	-
WAVE FINANCIAL INC CIN: 701275513 , Canada, Active	Apr 03, 2019	-	-	-

Wave got acquired by H&R Block on Jun 11, 2019 at an acquisition amount of $*****.

Click here to take a look at Wave's acquisition in detail

Wave has raised a total funding of $82.4M over 13 rounds. Its first funding round was on Jul 01, 2010. Its latest funding round was a Series D round on May 02, 2019 for $*****. 1 investor participated in its latest round. Wave has 21 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Wave:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 02, 2019	5092467	Series D	8755029	9781119	5430753	2805996
May 30, 2017	7601803	Series D	2934789	8720859	1500842	CRV & 5 more
Oct 25, 2016	4729805	Series D	2231430	7270761	BDC	HarbourVest Partners & 2 more

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View details of Wave's funding rounds and investors

The founders of Wave are Kirk Simpson and James Lochrie.

Here are the details of Wave's key team members:

Kirk Simpson: Co-Founder, CEO of Wave. They are also an angel investor in 5 startups.
James Lochrie: Former Co-Founder of Wave and founder of 2 other companies, Thin Air Labs and Exhibition Capital. They are also an angel investor in 5 startups and serve on the board of 1 company.

View details of Wave's Founder profiles and Board Members

Wave's employee count trend

Wave has 273 employees as of Apr 26. Here is Wave's employee count trend over the years:

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Top competitors of Wave include Intuit, Vyapar and Pennylane. Here is the list of Top 10 competitors of Wave, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Intuit 1983, Mountain View (United States), Public	Provider of financial, accounting, tax preparation, and marketing automation software	-	Europa, Alcor Fund & 25 others	83/100
2nd	Vyapar 2017, Bengaluru (India), Series B	Provider of GST billing, inventory, and accounting software for small businesses	$35.9M	WestBridge Capital, India Quotient & 14 others	80/100
3rd	Pennylane 2020, Cherbourg en Cotentin (France), Series E	App & cloud-based accounting and financial management solutions for businesses	$442M	DST Global, Sequoia Capital & 8 others	77/100
4th	ContaAzul 2012, Joinville (Brazil), Acquired	Online accounting and invoicing solutions for SMBs	$40.9M	Ribbit Capital, 500 Global & 5 others	77/100
5th	FreeAgent 2007, Edinburgh (United Kingdom), Acquired	Cloud-based accounting software for small businesses, freelancers, and accountants	$21.9M	Iris Software, SM TRUST & 23 others	76/100
6th	Xero 2006, Wellington (New Zealand), Public	Provider of accounting software and related tools for business management	-	Hurlingham Partners, TCV & 9 others	75/100
7th	Wave 2010, Toronto (Canada), Acquired	Web-based accounting software for businesses	$82.4M	National Australia Bank, Founders Growth Equity Fund ... & 20 others	74/100
8th	Sage 1981, Newcastle Upon Tyne (United Kingdom), Public	Provider of cloud-based enterprise software solutions for accounting, finance, and people management	-	Itz Cash Card, HHS & 45 others	72/100
9th	Collective 2018, San Francisco (United States), Series C	Cloud-based back-office platform for self-employed and businesses	$150M	General Catalyst, QED Investors & 34 others	70/100
10th	Accountable 2017, Brussels (Belgium), Series A	App-based accounting management solutions for freelancers	$12.9M	Connect Ventures, Stride & 4 others	70/100

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Looking for more details on Wave's competitors? Click here to see the top ones

Wave has made 7 investments in companies including Myna Swap and UnicornDAO. Wave has also acquired 2 companies including Every and Vuru.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 08, 2022	Investments	Myna Swap	2021	Los Angeles (United States)
May 19, 2022	Investments	UnicornDAO	2021	Los Angeles (United States)
Apr 26, 2022	Investments	CXIP	2020	Beverly Hills (United States)