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Waveapps revenue is $25.2 million

Waveapps team size is 280 employees

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Waveapps

235-Carlaw Avenue Toronto, Ontario, Canada

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How Waveapps hit $25.2M Revenue with 10K customers in 2022.

Wave is a company that provides a suite of financial services and online software for small businesses.

Founded

2011

Founded

Revenue

$25.2M

2022 Revenue

YOY

0.00%

YOY

Funding

$79.4M

Funding


Waveapps Revenue

In 2022, Waveapps revenue run rate hit $25.2M in revenue.

  • 2018

    Waveapps hit $25.2M in revenue in 2018

  • 2011

    Waveapps launched in 2011 with $0 revenue

$25.2M

Waveapps Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2017 Series D

    Waveapps raised a Series D of $24M

  • 2016 Venture Round

    Waveapps raised a Venture Round of $11.8M

  • 2016 Series C

    Waveapps raised a Series C of $5.4M

  • 2015 Venture Round

    Waveapps raised a Venture Round of $5.2M

  • 2015 Series C

    Waveapps raised a Series C of $10M

  • 2013 Venture Round

    Waveapps raised a Venture Round of $6M

  • 2012 Series B

    Waveapps raised a Series B of $12M

  • 2011 Series A

    Waveapps raised a Series A of $5M

FUNDING DATEROUNDAMOUNTVALUATION
05/30/2017 Series D $24M
10/25/2016 Venture Round $11.8M
03/29/2016 Series C $5.4M
12/03/2015 Venture Round $5.2M
05/12/2015 Series C $10M
10/23/2013 Venture Round $6M
05/16/2012 Series B $12M
10/14/2011 Series A $5M

Team

Waveapps has 280 total employees and 1 sales reps that carry a quota. They have 10000 customers an engineering team of 75 and a marketing team of 14

20182019202015▲11▲
DISTRIBUTIONQTY
Total team size
280
Engineer
75(27%)
Sales
1(0%)
Marketing
14(5%)

CEO/Founder

Kirk Simpson

His career as an entrepreneur started after he left university in his senior year and moved on to build two successful tech businesses. It was then that he understood first-hand the pain of managing finances, and knew there had to be a better way to support small business owners. Kirk has since led Wave from an 8 person startup to a growing team of over 275 employees in downtown Toronto. Wave provides entrepreneurs from around the world with award-winning financial software to help them manage their finances. Wave has raised over $100M in funding since its inception and, in 2019, was acquired by H&R Block for $537M CAD in Canada’s 11th largest tech exit. In 2019, Kirk was named Canada’s Most Admired CEO in the growth sector, and Wave was awarded Canada’s Most Admired Corporate Culture by Waterstone HC. Under his leadership, Wave has won many awards for leadership, culture, and innovation, including the Deloitte Fast 50 and Growth 500, the KPMG Fintech 100, and The Globe and Mail's Employee Recommended Workplaces. Wave ranked 6th on Great Place to Work Canada, with special categories for Women, Millennials, Technology, Inclusion and Wellness. In addition, Kirk has served as an advisor to the Next 36, Creative Destruction Lab and provides mentorship to young entrepreneurs and startup visionaries. He is also an angel investor in exciting new ventures by promising entrepreneurs. Kirk is a proud Canadian, husband, father of three and lives in Toronto. In his spare time, he enjoys being with friends, supporting his local community, and loves adventure travel where he gets to ski, surf, and play the occasional round of golf.

Q&A

What`s your age?

44

Favorite online tool?

Drift

Favorite book?

Powerful

Favorite CEO?

Satya Nadella

Advice for 20 year old self

learn to code


Customers

Waveapps has 10K customers.

Lifetime Months

50

x

Monthly ARPU

$210

=

Lifetime Dollar

$10.5K

Acquisition Cost

$70

Average Annual Price

$2.5K

$0$2.5K0 month payback period024681012
$0$2.5K0 month payback period024681012

Churn

Waveapps has an annual churn rate of 24.00%.

-100-500%50100

Gross Annual Dollar Churn

-24.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

76.00%


About Waveapps

Monthly Revenue

$2.1M

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

0.0%

=

Rule of 40

0


Waveapps Board of Directors

NamePosition
Daniel WhiteBoard Member

Waveapps Executives

NamePosition
Kirk Simpson CEO
Ideshini Naidoo Chief Technology Officer
Paul Marshall Chief Operating Officer
Kirk Simpson Chief Executive OfficerCo-Founder
Les Whiting Chief Financial Officer
Ashira Gobrin Chief People Officer

Waveapps Employees

NamePosition
Kirk Simpson CEO
Sameena Velshi Sr. Director Money In
Anderson Tan Angel Investor
Camila Louzada Senior Talent Acquisition Manager
Tyrone Thompson Senior Web Developer
Sammy Halabi Growth Manager
Asma Erum Data Operations Lead
Dorsa Giyahi Product Designer
Ideshini Naidoo Chief Technology Officer
Lawrence Biol Director Wave Advisors
Paul Marshall Chief Operating Officer
Kirk Simpson Chief Executive OfficerCo-Founder
Michael Warkentin Front End Developer
Daniel White Board Member
Les Whiting Chief Financial Officer
Alicia Martin Employee Experience Manager
Swapneel Mehta Senior Manager Risk
Judith Leitner My Voice My Lens
Ashira Gobrin Chief People Officer
Joshua Siegal VP Organizational Effectiveness

Frequently Asked Questions about Waveapps

When was Waveapps founded?

Waveapps was founded in 2011.

How much revenue does Waveapps generate?

Waveapps generates $25.2M in revenue.

Who is the CEO of Waveapps?

The CEO of Waveapps is Kirk Simpson.

How much funding does Waveapps have?

Waveapps was raised $79.4M.

How many employees does Waveapps have?

Waveapps has raised 280 employees.

Where is Waveapps headquarters?

Waveapps headquater is at Canada



How did Latka collect this data?

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Latka collected this data by interviewing Waveapps CEO Kirk Simpson on 07/01/2022

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