Wave Financial Acquired by H&R Block

Toronto – July 3, 2019


On July 1, 2019, H&R Block acquired Wave Financial, Inc. (“Wave”) for C$536M.  Wave had been a client of GreenSky Capital in its previous incarnation as a broker/dealer.  At that time, GreenSky advised Wave on  its first two rounds of investment – the first through members of the GreenSky President’s Club, an Ontario-registered angel group, and the second through institutional financing.  GreenSky is now affiliated with and manages several venture capital funds.

GreenSky would like to congratulate Kirk Simpson and the team at Wave, as well as the investors in our network who supported the company since its nascent days.

You can read the press coverage here.

About Wave Financial:
Wave Financial, Inc. (waveapps.com) provides software solutions and related services specifically designed to help small business owners manage their finances. Wave provides award-winning accounting, invoicing, payroll, and payments software solutions, as well as bookkeeping services, built into a comprehensive platform. Over 400,000 small businesses in more than 200 countries rely on Wave to improve profitability, ease stress and save time.

About GreenSky Capital:
GreenSky Capital Inc. is an award-winning Toronto-based firm that manages venture capital and provides financial advisory services. GreenSky makes investments in early-stage Canadian technology companies through its affiliated venture capital funds, GreenSky Accelerator Fund I, II and III. Our principals bring a unique combination of experience in technology, law and finance to high-growth potential companies and dedicated entrepreneurs. Learn more about GreenSky at greenskycapital.com.