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So Money with Farnoosh Torabi

Bonus: From College Dropout to "Most Admired" CEO, In Conversation with Kirk Simpson, CEO of Wave Financial

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 22 April 2021

⏱️ 32 minutes

🧾️ Download transcript

Summary

We are in conversation with an entrepreneur named Canada’s Most Admired CEO in the growth sector. Kirk Simpson, is the co-founder and CEO of Wave Financial, an accounting software business, that was recently acquired by H&R Block for over $500 million CAD. Like many founders, Simpson's journey didn’t come without its share of struggles and financial hardships. And today in this climate of economic difficulty and struggle for small businesses, his lessons can hopefully shed some optimism and insight to what it takes to see a business through to an acquisition. But that’s not to say that Simpson's work and his team’s work at Wave Financial is complete. This episode is brought to us by Wave Financial at waveapps.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Bonus so-money episode, Kerr Simpson, co-founder and CEO of Wave Financial.

0:07.4

You're listening to So Money, with award-winning money guru,

0:10.4

Farnoosh Karabi. Each day, in a 30-minute dose of financial inspiration from the world's top

0:16.1

business minds, authors, influencers, and from Farnoosh herself. Looking for ways to save on gas

0:23.2

or double your double coupons? Sorry, you're in the wrong place. Seeking profound ways to live a richer,

0:29.2

happier life. Welcome to So Money. This episode is brought to us by Wave Financial

0:36.4

at WaveApps.com. We were within two weeks of cash out with probably a hundred people on staff

0:44.7

in 2015, and I knew that I was just going to ride the ship all the way to the bottom if that's

0:51.2

what it took. Welcome to So Money, everybody. We are in conversation today with an entrepreneur

0:57.8

named Canada's most admired CEO in the growth sector. Kerr Simpson is here. He is the co-founder

1:04.8

and CEO of Wave Financial and Accounting Software Business recently acquired by H&R Block

1:11.4

for over 500 million Canadian dollars. But like many founders, Kerr's journey did not come without

1:18.3

fair share of struggles and financial hardships. And today in this climate of economic difficulty

1:24.1

and struggle for small businesses, I wanted to bring Kerrk on the show to offer lessons and hopefully

1:29.9

shed some optimism and insight into what it takes to grow a business all the way to an acquisition.

1:34.9

But that's not to say that Kerrk's work and his team's work at Wave Financial is done. Here's Kerrk Simpson.

1:43.6

Kerrk Simpson, welcome to So Money. It's nice to connect. Thanks so much for having me. It's a pleasure.

1:48.9

We're going to cover so much ground, hopefully in the next 30 minutes as someone who is such an

1:53.7

intrepid entrepreneur in the financial space. It's so fascinating to learn firsthand from founders

2:00.8

about their ideas going into building something that is revolutionary and then to also see it through

2:08.4

all the ups and downs to the exit. We're going to get in it. But I understand that your journey

2:14.8

Kerrk, and this is so, I think it's such a great place to start because it's an unlikely story

...

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