Wave’s acquisition of Every Inc.

Wave in its acquisition of Every Inc.


Wave and Every Inc.




Emerging and High Growth Companies

Date Closed

March 2019



Lead Office


On March 4, 2019, Toronto-based financial services provider Wave acquired Every, a FinTech startup that provides business accounts and debit cards to small businesses. The acquisition will advance Wave’s plans to further integrate financial products directly into its suite of services.

Wave provides a suite of financial services and online software for small businesses. The company manages more than $244 billion in income and expense transactions for its customers, including $16 billion in annual invoicing.

Every provides entrepreneurs online business bank accounts through a Visa debit card. The account connects to services like Shopify, Stripe, Bitpay, and Square, while carrying out typical banking functions like transferring money and sending cheques, depositing funds, and paying bills.

Osler, Hoskin & Harcourt LLP represented both Wave and Every on the transaction. Wave’s team consisted of Chad Bayne, Gary Marshall and Sahil Chopra (Emerging and High Growth Companies); and Every’s team consisted of André Perey, Justin Dharamdial and Jeremy Lin (Emerging and High Growth Companies).