Simpson is being replaced by Zahir Koja, with Simpson remaining through September as an Advisor. According to the announcement, Wave recently surpassed $100 million Canadian annual revenue—about $77.2 million.

The company is owned by H&R Block and Khoja will report to Block CEO Jeff Jones as a member of the company’s senior leadership team.

Khoja was most recently general manager for North America for Afterpay since  April 2021. Before that, he was with MasterCard for eight years 10 months, the last two years as EVP of global merchant solution and partnerships