Loop and Wave Announce Strategic Partnership to Modernize Business Banking in Canada

TORONTO — [March 3, 2026] — Loop, the leading financial platform for Canadian businesses operating globally, and Wave, the financial management technology platform trusted by more than 300,000 small business owners today announced a strategic partnership to streamline financial operations for Canadian entrepreneurs. This collaboration includes the launch of a native, direct API connection for customers to integrate their Loop banking data to Wave’s accounting platform, making Loop the first business banking solution in Canada to do so.

For years, Canadian small businesses haven’t had the ability to seamlessly connect their banking data to their accounting records. Many rely on screen scraping – a fragile, legacy process that often leads to duplicate records, frequent reconnection requests and limited data. By launching a dedicated API bridge, Loop and Wave have established a new standard for Canadian businesses to leverage their banking data to streamline their financial operations.

“We built Loop to remove the friction of managing your finances, and that friction doesn't stop at the bank account – it extends to the tools businesses use to manage their growth every day," said Cato Pastoll, CEO of Loop. "By partnering with Wave, we aren't just delivering a technical integration – we’re giving entrepreneurs a comprehensive financial head start. We are incredibly excited to enable Wave users to become some of the first in Canada to benefit from a more closely integrated banking and accounting experience.

“Wave’s mission has always been to simplify the financial lives of small business owners,” said Adnan Glavas, Director of Strategic Partnerships. “This strategic partnership and direct API connection with Loop is a massive leap forward for our users. Now, our customers can leverage Loop’s robust small business banking capabilities, knowing their data flows into Wave with unparalleled accuracy, in real-time. This partnership will help save our customers time and give them complete confidence in their financial records.”

A Seamless Path to Global Growth

Canadian businesses can now manage multi-currency accounts, international payments, and corporate credit cards within Loop, while their data flows automatically and accurately into Wave.

Key benefits of the partnership and integration include:

• High-Fidelity Data Sync: A secure, permanent digital bridge that eliminates errors and ensures stronger transaction precision between Loop and Wave.
• Native Multi-Currency Support: Global transactions in USD, EUR, and GBP land in their native currency ledgers automatically.
• Zero-Maintenance Connectivity: Unlike traditional bank feeds, the direct API connection helps to eliminate manual workflows.

Exclusive Launch Promotion

To celebrate the partnership, Loop and Wave are offering an exclusive promotion to help businesses scale their digital infrastructure. New Loop customers who use their Loop Card to pay for their Wave subscription will receive 6 months of the Wave Pro Plan for free. The Pro Plan unlocks advanced automation, including automated bank transaction imports and other meaningful integrations to tools and solutions that streamline business operations.

"Wave and Loop share a mission to simplify the complexities of running a business," added Pastoll. "This partnership isn't just about a new feature – it’s about providing a seamless, automated way to manage business finances."

Wave customers can claim this offer and learn more about the integration by visiting www.bankonloop.com/en-ca/wave. Full terms and conditions for this offer are available on our legal page.

About Loop

Loop is a modern financial platform built for Canadian businesses that operate globally. By combining multi-currency corporate cards, local global accounts, and FX management into a single platform, Loop enables companies to send, receive, and spend money around the world without the hidden fees or friction of traditional banking.

About Wave 

Wave Small Business Software (waveapps.com) provides simple money management solutions that empower small business owners and solopreneurs to take control of their finances. More than 300,000 small businesses use Wave’s comprehensive accounting platform, which includes bookkeeping, invoicing, payroll, and payments solutions, as well as personalized bookkeeping and accounting coaching from Wave Advisors, a dedicated team of in-house experts. Wave is a fully owned subsidiary of H&R Block and is headquartered in Toronto, Canada.