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FinTechs - Jun 3, 2017

Wave is a cloud based integrated suite of small business tools inclusive of accounting, payments, invoicing, and payroll. It has a customer base of approximately 2.5 million users globally and has raised series D funding of $23.8M US or $32M CAD recently from RBC, Exhibition Capital, and National Australia Bank (NAB). It plans to invest in AI and machine learning techniques to introduce accounting automation and analytics-based insights to its customer groups. Backed by other large names with NAB officially having a stake in the company, this FinTech is worth following.