Wave Struck A $537M Deal To Be Acquired By H&R Block!

: June 12, 2019

Wave Financial Is Being Acquired By H&R Block For $537M!

 

 

Wave, a Canada based accounting software, has struck a $537M deal to be acquired by H&R Block, a tax preparation company based in America, that has operations North America, Australia, and India.

 

Wave offers a cloud-based integrated suite of small business tools including accounting, invoices, payments, and payroll. The company delivers innovative financial services and award-winning free software to small- and micro-businesses around the world. Wave has a customer base of 400,000 small businesses globally. It also manages more than $244 billion in income and expense transactions for its customers, including $16 billion in annual invoicing.

 

Wave was ranked 99th on "2017 Fintech100 List by KPMG and H2 Ventures". The company had raised a total of $79.5M before it's acquisition. The company has attracted investments from NAB Ventures, OurCrowd, Social Capital, OMERS Ventures, National Australia Bank and many other companies and venture firms.