Cofounder/Ceo/Cfo
New York, Us
Global communication provider with a proven multi-year track record of a revenue-generating International Long-Distance services and an established customer base. Grew company 100% YOY to reach over $8 million run rate.Strategy• Performed a strategic market gap and competitor strength analysis utilizing TeleGeography and other research to create formal business plan• Decided the service offering - single service line (international long-distance service), segmented market to pursue, determined marketing spend per segment and created multiple budgets• Built executive team by hiring, onboarding and training a team of 15 professionals including legal, marketing, finance, engineering, customer support, and administrative professionals and managed 7 direct reportsCapital Raising• Raised initial $500K equity investment from prominent hedge fund managers and $1M in equity investment• Raised $550K debt investment from family office, obtained multiple rounds of debt funding of $750K from American Express and established revolving line of credit from JPMorgan Chase • Created investor deck and financial model for capital raise, reaching out to family offices and VC firms • Performed all investor relations services including quarterly investor updates, etc.Financial Planning/Reporting • Setup initial GAAP compliant online accounting system with QuickBooks, opened merchant and bank accounts, negotiated credit card processing rates and set up A/P and A/R systems with proper controls • Managed GAAP books and records, worked with CPA firm on tax strategy/planning/filings • Developed company forecasts with monthly comparisons of actual to budget Control/Risk Management• Established financial processes and controls with internally developed software systems • Identified fraud patterns, developed fraud prevention and monitoring algorithm and implemented fraud monitoring and alert system; integrated fraud monitoring with support systems Desk/Salesforce and Zendesk