Payments News

Deals

H&R Block Acquires Wave Financial for $398m

“H&R Block, a tax preparation company, is acquiring Wave Financial, a free invoicing and accounting software, for CA$537 million ($398 million). Wave started in 2010 in Toronto, with a focus on simplifying the lives of small business owners. According to the firm, Wave has more than 200 employees and serves more than three million entrepreneurs and freelancers around the world. “But this isn’t the end – it is the start of an exciting new chapter,” says Kirk Simpson, co-founder and CEO.”