The Ledger

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Disclosure
Kirk Simpson: Wave shifted from Stripe to in-house infrastructure as it scaled
“Our payments business, for instance, was built on top of Stripe. We get to a point of scale and quite frankly, our users want us to deeply integrate it. And so most of this stuff over time, we've been building ourselves.”
Kirk Simpson Mar 9, 2019 ▶ 3:10 1323 How FinTech Company Wave Is Deploying $100m in Capital, $25m+ in ARR
Disclosure
Wave maintains monthly gross logo churn below 2%
“Yeah, we're seeing that we're below two percent.”
Kirk Simpson Mar 9, 2019 ▶ 8:10 1323 How FinTech Company Wave Is Deploying $100m in Capital, $25m+ in ARR
Disclosure
Wave offers free core software to monetize through embedded fintech
“We give away our invoicing and accounting software, 100% for free. And then we monetize by putting payments, payroll lending offers, et cetera, in the application and get those deeply embedded into what the small business owners are doing.”
Kirk Simpson Mar 9, 2019 ▶ 2:44 1323 How FinTech Company Wave Is Deploying $100m in Capital, $25m+ in ARR
Disclosure
Wave plans to pursue M&A roll-ups to expand platform capabilities
“Yes, absolutely. We think the platform is valuable and we'll be at a place soon where we can look at doing that just in terms of robust APIs and more of a microservices type engineering culture.”
Kirk Simpson Mar 9, 2019 ▶ 19:02 1323 How FinTech Company Wave Is Deploying $100m in Capital, $25m+ in ARR
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