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Wave

Free accounting and invoicing software for very early-stage small businesses, monetized through payment processing rather than subscription.

Acquiredmedium confidenceVerified 2026-08-01

This is where the depth lives — everything below is evidence-graded

How the product is positioned

Free accounting and invoicing software for very early-stage small businesses, monetized through payment processing rather than subscription.

Our summary of the vendor’s positioning — verbatim claim not yet recorded

What we found

Level 1 · assistive

Seeded at the rubric default. No independent evidence of end-to-end task completion has been reviewed yet, so the lowest grade applies until it is.

Any human checkpoint here is a product setting, not a regulatory requirement — confirm how it is configured for your deployment.

Graded 2026-08-01 · re-check 2026-11-01

Procurement detail

Deployment
saasvendor documentation
Compliance
None recorded
Integrations
Stripe-based payments claim unverified
Pricing
free-tierStarter plan genuinely free with unlimited invoicing and accounting, no time limit; Pro plan $19/mo adds recurring invoicing and receipt OCR.
Human checkpoint
Requiredproduct setting

Will they still be here?

Acquired
Funding
Acquired by H&R Block (2019)
Founded
2009
HQ
Toronto, Canada
Ownership
Acquired by H&R Block (2019)

Sources

Logo retrieved 2026-08-01from the vendor’s own site · trademark of Wave (H&R Block)

Where it’s weak

Lags on AI-native features versus Xero/QuickBooks; best suited to businesses under ~$50K revenue, not a long-term platform for growing SMBs.

Corrections

Vendors may submit factual corrections free of charge. We correct facts and publish the change. We do not accept payment to change a grade. Submit a correction →