Canadian fintech firm Wave has acquired Every, a provider of business accounts and debit cards to small businesses, for an undisclosed sum.
Every is also a Canada based company and offers small enterprises online business bank accounts through a Visa debit card.
Go deeper with GlobalData
The accounts connect merchants to services such Stripe, Square and bitpay while carrying out routine banking functions.
The Wave acquisition will further its plans to integrate more financial products and services. Nowadays consumers demand a number of better, more tailored financial products. These services must cater to their individual needs to keep customer satisfaction high.
Wave offers a wide range of products related to accounting, invoicing, payroll and billing to SMEs.
The acquisition of Every is expected to expands Wave’s product suite, enabling entrepreneurs improve cash flow, get paid faster, save time and money, and better understand how their business is doing.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“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,” Wave said in its press statement.
At present, Every is available in the US in limited beta. The companies intend to launch combined offering in the next few months.
