diff --git a/.babelrc b/.babelrc
index 80653af3..4d899c70 100644
--- a/.babelrc
+++ b/.babelrc
@@ -4,6 +4,7 @@
     "@babel/react"
   ],
   "plugins": [
+    "@babel/plugin-transform-runtime",
     "@babel/proposal-object-rest-spread",
     ["module-resolver", { "alias": { "src": "./src" } }],
     "@babel/transform-modules-commonjs"
diff --git a/README.md b/README.md
index fa3d9057..06b4b5b6 100644
--- a/README.md
+++ b/README.md
@@ -77,7 +77,9 @@ const useTheme = (initialTheme) => {
   }
   return useMemo(() => ({ ...themes[theme], toggleTheme }), [theme])
 }
+```
 
+```js
 // useTheme.test.js
 import { renderHook, cleanup, act } from 'react-hooks-testing-library'
 
@@ -152,6 +154,7 @@ Renders a test component that will call the provided `callback`, including any h
 
 - `result` (`object`)
   - `current` (`any`) - the return value of the `callback` function
+- `waitForNextUpdate` (`function`) - returns a `Promise` that resolves the next time the hook renders, commonly when state is updated as the result of a asynchronous action.
 - `rerender` (`function([newProps])`) - function to rerender the test component including any hooks called in the `callback` function. If `newProps` are passed, the will replace the `initialProps` passed the the `callback` function for future renders.
 - `unmount` (`function()`) - function to unmount the test component, commonly used to trigger cleanup effects for `useEffect` hooks.
 
diff --git a/package-lock.json b/package-lock.json
index 24acaf06..90c6b3d8 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -781,6 +781,18 @@
         "regenerator-transform": "^0.13.4"
       }
     },
+    "@babel/plugin-transform-runtime": {
+      "version": "7.3.4",
+      "resolved": "https://registry.npmjs.org/@babel/plugin-transform-runtime/-/plugin-transform-runtime-7.3.4.tgz",
+      "integrity": "sha512-PaoARuztAdd5MgeVjAxnIDAIUet5KpogqaefQvPOmPYCxYoaPhautxDh3aO8a4xHsKgT/b9gSxR0BKK1MIewPA==",
+      "dev": true,
+      "requires": {
+        "@babel/helper-module-imports": "^7.0.0",
+        "@babel/helper-plugin-utils": "^7.0.0",
+        "resolve": "^1.8.1",
+        "semver": "^5.5.1"
+      }
+    },
     "@babel/plugin-transform-shorthand-properties": {
       "version": "7.2.0",
       "resolved": "https://registry.npmjs.org/@babel/plugin-transform-shorthand-properties/-/plugin-transform-shorthand-properties-7.2.0.tgz",
@@ -904,9 +916,9 @@
       }
     },
     "@babel/runtime": {
-      "version": "7.3.1",
-      "resolved": "https://registry.npmjs.org/@babel/runtime/-/runtime-7.3.1.tgz",
-      "integrity": "sha512-7jGW8ppV0ant637pIqAcFfQDDH1orEPGJb8aXfUozuCU3QqX7rX4DA8iwrbPrR1hcH0FTTHz47yQnk+bl5xHQA==",
+      "version": "7.3.4",
+      "resolved": "https://registry.npmjs.org/@babel/runtime/-/runtime-7.3.4.tgz",
+      "integrity": "sha512-IvfvnMdSaLBateu0jfsYIpZTxAc2cKEXEMiezGGN75QcBcecDUKd3PgLAncT0oOgxKy8dd8hrJKj9MfzgfZd6g==",
       "requires": {
         "regenerator-runtime": "^0.12.0"
       }
@@ -1529,25 +1541,6 @@
         "resolve": "^1.4.0"
       }
     },
-    "babel-polyfill": {
-      "version": "6.26.0",
-      "resolved": "https://registry.npmjs.org/babel-polyfill/-/babel-polyfill-6.26.0.tgz",
-      "integrity": "sha1-N5k3q8Z9eJWXCtxiHyhM2WbPIVM=",
-      "dev": true,
-      "requires": {
-        "babel-runtime": "^6.26.0",
-        "core-js": "^2.5.0",
-        "regenerator-runtime": "^0.10.5"
-      },
-      "dependencies": {
-        "regenerator-runtime": {
-          "version": "0.10.5",
-          "resolved": "https://registry.npmjs.org/regenerator-runtime/-/regenerator-runtime-0.10.5.tgz",
-          "integrity": "sha1-M2w+/BIgrc7dosn6tntaeVWjNlg=",
-          "dev": true
-        }
-      }
-    },
     "babel-preset-jest": {
       "version": "24.1.0",
       "resolved": "https://registry.npmjs.org/babel-preset-jest/-/babel-preset-jest-24.1.0.tgz",
@@ -2888,18 +2881,6 @@
         "bser": "^2.0.0"
       }
     },
-    "fetch-mock": {
-      "version": "7.3.1",
-      "resolved": "https://registry.npmjs.org/fetch-mock/-/fetch-mock-7.3.1.tgz",
-      "integrity": "sha512-euKqWnxeApj0toZ5MSavZJ7IIxbMaHpgteV2GNuz6/slAY0JUbRe95U/ueaz2spT/4nR75H4wpEmy2MMEsCoRg==",
-      "dev": true,
-      "requires": {
-        "babel-polyfill": "^6.26.0",
-        "glob-to-regexp": "^0.4.0",
-        "path-to-regexp": "^2.2.1",
-        "whatwg-url": "^6.5.0"
-      }
-    },
     "figures": {
       "version": "2.0.0",
       "resolved": "https://registry.npmjs.org/figures/-/figures-2.0.0.tgz",
@@ -3701,12 +3682,6 @@
         }
       }
     },
-    "glob-to-regexp": {
-      "version": "0.4.0",
-      "resolved": "https://registry.npmjs.org/glob-to-regexp/-/glob-to-regexp-0.4.0.tgz",
-      "integrity": "sha512-fyPCII4vn9Gvjq2U/oDAfP433aiE64cyP/CJjRJcpVGjqqNdioUYn9+r0cSzT1XPwmGAHuTT7iv+rQT8u/YHKQ==",
-      "dev": true
-    },
     "globals": {
       "version": "11.11.0",
       "resolved": "https://registry.npmjs.org/globals/-/globals-11.11.0.tgz",
@@ -6067,12 +6042,6 @@
       "integrity": "sha512-GSmOT2EbHrINBf9SR7CDELwlJ8AENk3Qn7OikK4nFYAu3Ote2+JYNVvkpAEQm3/TLNEJFD/xZJjzyxg3KBWOzw==",
       "dev": true
     },
-    "path-to-regexp": {
-      "version": "2.4.0",
-      "resolved": "https://registry.npmjs.org/path-to-regexp/-/path-to-regexp-2.4.0.tgz",
-      "integrity": "sha512-G6zHoVqC6GGTQkZwF4lkuEyMbVOjoBKAEybQUypI1WTkqinCOrq2x6U2+phkJ1XsEMTy4LjtwPI7HW+NVrRR2w==",
-      "dev": true
-    },
     "path-type": {
       "version": "3.0.0",
       "resolved": "https://registry.npmjs.org/path-type/-/path-type-3.0.0.tgz",
@@ -7137,15 +7106,6 @@
         "scheduler": "^0.13.3"
       }
     },
-    "react-async": {
-      "version": "5.1.0",
-      "resolved": "https://registry.npmjs.org/react-async/-/react-async-5.1.0.tgz",
-      "integrity": "sha512-NrsmtBrIMcqdfTzDAhJ4wcySGTB8dHgSPfMeZWVk4NZSimjQ176tGHgjySvhijS5BjT8RykxX9hCUdIh4xhEQg==",
-      "dev": true,
-      "requires": {
-        "prop-types": ">=15.5.7"
-      }
-    },
     "react-dom": {
       "version": "16.8.3",
       "resolved": "https://registry.npmjs.org/react-dom/-/react-dom-16.8.3.tgz",
diff --git a/package.json b/package.json
index 97d027ea..27d136c5 100644
--- a/package.json
+++ b/package.json
@@ -27,6 +27,7 @@
     "contributors:add": "all-contributors add"
   },
   "dependencies": {
+    "@babel/runtime": "^7.3.4",
     "react-testing-library": "^6.0.0"
   },
   "devDependencies": {
@@ -34,6 +35,7 @@
     "@babel/core": "^7.3.4",
     "@babel/plugin-proposal-object-rest-spread": "^7.3.4",
     "@babel/plugin-transform-modules-commonjs": "^7.2.0",
+    "@babel/plugin-transform-runtime": "^7.3.4",
     "@babel/preset-env": "^7.3.4",
     "@babel/preset-react": "^7.0.0",
     "@types/react": "^16.8.5",
@@ -44,16 +46,13 @@
     "eslint": "^5.14.1",
     "eslint-config-prettier": "^4.0.0",
     "eslint-plugin-prettier": "^3.0.1",
-    "fetch-mock": "^7.3.1",
     "husky": "^1.3.1",
     "jest": "^24.1.0",
     "lint-staged": "^8.1.4",
-    "node-fetch": "^2.3.0",
     "prettier": "^1.16.4",
     "prettier-eslint": "^8.8.2",
     "prettier-eslint-cli": "^4.7.1",
     "react": "^16.8.3",
-    "react-async": "^5.1.0",
     "react-dom": "^16.8.3",
     "typescript": "^3.3.3333",
     "typings-tester": "^0.3.2"
diff --git a/src/index.js b/src/index.js
index de7de5a9..59aff861 100644
--- a/src/index.js
+++ b/src/index.js
@@ -9,11 +9,17 @@ function TestHook({ callback, hookProps, children }) {
 function renderHook(callback, { initialProps, ...options } = {}) {
   const result = { current: null }
   const hookProps = { current: initialProps }
+  const resolvers = []
+  const waitForNextUpdate = () =>
+    new Promise((resolve) => {
+      resolvers.push(resolve)
+    })
 
   const toRender = () => (
     <TestHook callback={callback} hookProps={hookProps.current}>
       {(res) => {
         result.current = res
+        resolvers.splice(0, resolvers.length).forEach((resolve) => resolve())
       }}
     </TestHook>
   )
@@ -22,6 +28,7 @@ function renderHook(callback, { initialProps, ...options } = {}) {
 
   return {
     result,
+    waitForNextUpdate,
     unmount,
     rerender: (newProps = hookProps.current) => {
       hookProps.current = newProps
diff --git a/test/asyncHook.test.js b/test/asyncHook.test.js
new file mode 100644
index 00000000..ad4b947a
--- /dev/null
+++ b/test/asyncHook.test.js
@@ -0,0 +1,60 @@
+import { useState, useEffect } from 'react'
+import { renderHook, cleanup } from 'src'
+
+describe('async hook tests', () => {
+  const getSomeName = () => Promise.resolve('Betty')
+
+  const useName = (prefix) => {
+    const [name, setName] = useState('nobody')
+
+    useEffect(() => {
+      getSomeName().then((theName) => {
+        setName(prefix ? `${prefix} ${theName}` : theName)
+      })
+    }, [prefix])
+
+    return name
+  }
+
+  afterEach(cleanup)
+
+  test('should wait for next update', async () => {
+    const { result, waitForNextUpdate } = renderHook(() => useName())
+
+    expect(result.current).toBe('nobody')
+
+    await waitForNextUpdate()
+
+    expect(result.current).toBe('Betty')
+  })
+
+  test('should wait for multiple updates', async () => {
+    const { result, waitForNextUpdate, rerender } = renderHook(({ prefix }) => useName(prefix), {
+      initialProps: { prefix: 'Mrs.' }
+    })
+
+    expect(result.current).toBe('nobody')
+
+    await waitForNextUpdate()
+
+    expect(result.current).toBe('Mrs. Betty')
+
+    rerender({ prefix: 'Ms.' })
+
+    await waitForNextUpdate()
+
+    expect(result.current).toBe('Ms. Betty')
+  })
+
+  test('should resolve all when updating', async () => {
+    const { result, waitForNextUpdate } = renderHook(({ prefix }) => useName(prefix), {
+      initialProps: { prefix: 'Mrs.' }
+    })
+
+    expect(result.current).toBe('nobody')
+
+    await Promise.all([waitForNextUpdate(), waitForNextUpdate(), waitForNextUpdate()])
+
+    expect(result.current).toBe('Mrs. Betty')
+  })
+})
diff --git a/test/typescript/renderHook.ts b/test/typescript/renderHook.ts
index 78892a53..b5e31e5b 100644
--- a/test/typescript/renderHook.ts
+++ b/test/typescript/renderHook.ts
@@ -64,3 +64,12 @@ function checkTypesWhenHookReturnsVoid() {
   const _unmount: () => boolean = unmount
   const _rerender: () => void = rerender
 }
+
+async function checkTypesForWaitForNextUpdate() {
+  const { waitForNextUpdate } = renderHook(() => {})
+
+  await waitForNextUpdate()
+
+  // check type
+  const _waitForNextUpdate: () => Promise<void> = waitForNextUpdate
+}
diff --git a/typings/index.d.ts b/typings/index.d.ts
index b5ba0267..2eec5415 100644
--- a/typings/index.d.ts
+++ b/typings/index.d.ts
@@ -9,6 +9,7 @@ export function renderHook<P, R>(
   readonly result: {
     current: R
   }
+  readonly waitForNextUpdate: () => Promise<void>
   readonly unmount: RenderResult['unmount']
   readonly rerender: (hookProps?: P) => void
 }