Wave, a Toronto-based startup offering products and services to small businesses, has acquired Every, which provides business accounts and debit cards to SMEs. Financial terms were not disclosed.
Every, which is also Toronto-based, provides small firms with a Visa debit card and an online business account that connects to the likes of Stripe, Square and bitpay.
Wave offers SMEs a host of products related to accounting, invoicing, payroll and billing. By adding Every, it expands its suite, helping entrepreneurs improve cash flow, get paid faster, save time and money, and better understand how their business is doing.
Says Wave: "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."