Toronto-based fintech Loop has partnered with small-business accounting platform Wave to introduce a direct API integration that connects business banking data with accounting records for Canadian entrepreneurs.
The partnership establishes a native connection between the two platforms, allowing Loop customers to automatically sync banking data directly into Wave’s accounting software. According to the companies, Loop is the first Canadian business banking provider to offer a direct API integration with Wave.
The move addresses a longstanding challenge for Canadian small businesses, which have traditionally relied on “screen scraping” to connect banking and accounting systems. That process can be unreliable, often causing duplicate records, limited data access, and frequent reconnection requests.
By contrast, the Loop–Wave integration creates a dedicated data bridge designed to deliver more accurate and reliable transaction syncing between the two platforms.
“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’re enabling entrepreneurs to benefit from a more closely integrated banking and accounting experience.”
Wave, which says its platform is used by more than 300,000 small business owners, positions the integration as part of its broader effort to simplify financial management for entrepreneurs.
“Wave’s mission has always been to simplify the financial lives of small business owners,” said Adnan Glavas, Director of Strategic Partnerships at Wave. “This direct API connection with Loop allows our customers to leverage Loop’s business banking capabilities while ensuring their financial data flows into Wave with greater accuracy and in real time.”
With the integration in place, businesses can manage multi-currency accounts, international payments, and corporate credit cards through Loop while their financial activity automatically syncs with Wave’s accounting platform. The system also supports native currency tracking for transactions in USD, EUR, and GBP.
To mark the launch, the companies are offering a promotion in which new Loop customers who use their Loop Card to pay for their Wave subscription will receive six months of Wave’s Pro Plan at no cost.
The integration is now available to Canadian businesses using both platforms.
Image: Graphite Ventures
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