Overview of Transaction

• On May 12, 2015, Wave announced a $10 mm Series C investment with participation from CRV, The Social+Capital Partnership, OMERS Ventures, and a strategic investor in the global FinTech software space
• Wave is the leading SaaS / cloud-based financial management platform for micro-small businesses offering advanced proprietary accounting, invoicing, payroll and payment capabilities through integrated software applications
• The Company supports a rapidly growing customer base with Wave customer’s currently invoicing more than $6 bn per year, and running over $250 mm in payroll per year

Significance of Transaction

• This transaction brings total investment in Wave to $35 mm with the new funds earmarked for ongoing innovation and development of small business financial tools
• The Company is the fastest-growing small business financial solution on the market today, driving 10,000+ organic small business signups every week

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to Wave and its Board of Directors
• The transaction demonstrates FT Partners' continued success in executing growth equity focused transactions and advising top-tier financial management software providers