Wave, a Canada-based financial services and software for small businesses, announced on Wednesday it has acquired Every, a fintech company that provides business accounts and debit cards to small businesses. Wave reported that the acquisition advances its plans to integrate more financial products and services directly into its platform. It will also help entrepreneurs improve cash flow, get paid faster, save time and money, and better understand how their business is doing. Speaking about the acquisition, the Wave team stated:
“We’re focused on simplifying and automating the financial struggles entrepreneurs face every day. Everything we do centers on helping them manage their cash flow so they can be more successful. The team at Every impressed us with their vision to simplify small business banking. We both envision a world where entrepreneurs can focus on what they love and their finances just take care of themselves. Every is currently available in limited beta in the United States. Stay tuned as we bring to life a combined vision of Wave + Every in the coming months.”
Founded in 2009, Wave explained that it delivers financial services and award-winning free software to small- and micro-businesses around the world. The company revealed:
“By providing access to improving cash flow (Payments), delivering money to employees (Payroll), helping businesses get paid (Invoicing), preparing for tax time and providing business insights (Accounting, Receipts), Wave covers the spectrum of a small business owner’s financial life, and helps businesses grow and thrive.”