Michal Frys

Michal Frys Email and Phone Number

Co-founder and Chief Revenue Officer @ SOLAR SPY
Warsaw, PL
Michal Frys's Location
Warsaw, Mazowieckie, Poland, Poland
Michal Frys's Contact Details
About Michal Frys

Passionate about investing, building and scaling software and fintech companies. As CRO & CFO currently driving the growth of Solar Spy - the best AI for solar farms anomaly detection and management. Previously at eStoreMedia (raised $30m from top VCs and grew the firm from 40 to 200 people). Investor, advisor and a seasoned CFO with 20 years of experience in finance and technology with foundation in private equity and private debt. English Chartered Accountant (ACA from ICAEW) with experience gained at Deloitte and KPMG in London. Beyond my professional life, MENSA member and an ENTJ (Myers-Briggs). Husband and father of 3 daughters.I'll see you at the top!

Michal Frys's Current Company Details
SOLAR SPY

Solar Spy

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Co-founder and Chief Revenue Officer
Warsaw, PL
Website:
solarspy.ai
Employees:
11
Michal Frys Work Experience Details
  • Solar Spy
    Co-Founder And Chief Revenue Officer
    Solar Spy
    Warsaw, Pl
  • Solar Spy
    Co-Founder And Chief Revenue & Financial Officer
    Solar Spy Sep 2022 - Present
    Warszawa, Mazowieckie, Pl
    • Our AI solar plants management technology allows for an increase of energy production by 5% on average (outlier 18%), while cutting wasteful and necessary operational activities• The best AI for detection and analysis of thermal drone inspections• PV Copilot to manage all PV assets. All Data for all PV sites in One System. Production forecasting and remote site shut-down and start-up to avoide negative prices.Ready to effortlessly maximize your solar investment ROI? Let's talk.
  • Estorelabs
    Chairman Of The Board
    Estorelabs Nov 2021 - Present
    Warszawa, Mazowieckie, Pl
    • Successfully secured EUR 5 million in funding, fuelling the company's growth and market influence• Guided the founders throughout the entire funding journey, from the initial stages to the ultimate achievement, ensuring the company's success and expansion• Serving as Chairman and Advisor to the Founders at EstoreLabs.com, a leading provider of eMerchandising services and eContent assets for top global brands• Strategic Advisor on financial matters
  • 3S Game Studio Oü
    Chief Financial Officer
    3S Game Studio Oü Oct 2022 - Present
    Tallinn, Ee
    • 3S Game Studio is a game production tools and blockchain plugins developer working with industry giants like Polygon and IPFS• Currently developing of its own MMORPG – D20• Managing company’s fundraising process• Designer the tokenomics of the 3ST token to be used in D20
  • Estoremedia - Digital Brand Intelligence #Ecommerce #Digitaltransformation
    Boardmember, Excfo
    Estoremedia - Digital Brand Intelligence #Ecommerce #Digitaltransformation Apr 2018 - Present
    London, England, Gb
    • Leading a $30 Million Milestone: I steered the company through a groundbreaking $30 million transaction with leading UK and German VCs. This deal was the largest VC investment in Poland during Q2 2021• Strategic Repositioning: As a trusted strategic advisor to the Founder/CEO, I orchestrated a strategic shift. We transitioned from a project-centric interactive agency to a pure SaaS technology company, placing a premium on recurring revenue. This repositioning significantly enhanced the company's overall value• Data-Driven Operations: I championed the adoption of a data-driven approach to our business operations. With robust tracking and monitoring of KPIs, such as churn rate, client profitability, and cash flow metrics, we achieved new levels of operational efficiency and financial intelligence.• Building Financial Excellence: Starting from scratch, I created and nurtured the Finance department, managing a team of 7 staff members and contractors• Rapid Growth Management: I navigated the company through a period of exceptional growth. We went from 41 full-time employees to a formidable 202-strong workforce under my financial stewardship. Our ARR went from 0 to ~$10m• Global Expansion and Governance: Created a structure of four companies across the UK, Poland, Mexico, and the USA and organised group governance• Financial Stalwart: Implementing a robust financial management system, I oversaw intricate financial aspects, including cash flow, treasury operations, and foreign exchange hedging. This heightened financial stability, ensured capital efficiency, and amplified profitability• As a Non-executive Boardmember following my departure I onboarded three consecutive CFOs of eStoremedia
  • Useme
    Investor And Board Advisor
    Useme Feb 2022 - Present
    Wroclaw, Lower Silesia, Pl
    • Advisor to the Founder at Useme SA, the largest Central and Eastern European (CEE) remote work marketplace specializing in connecting freelancers with corporations• A platform designed to simplify the process for freelancers looking to contract with corporations, providing a hassle-free solution for getting paid without the need to establish their own companies
  • Erka Trading
    Venture Builder And Board Advisor
    Erka Trading Dec 2019 - Present
    • Co-founder and Board Advisor at eRKa Trading, the pioneering investor and strategic guide in the venture's journey• Instrumental in the founding and financial backing of eRKa Trading, a groundbreaking platform that empowers CEE importers and exporters with FX hedging solutions• Played a pivotal role in assembling a high-impact team committed to enhancing the financial landscape of international trade• Monitoring and support for effective currency risk management
  • Medicash.Pl
    Venture Builder And Non-Executive Board Member
    Medicash.Pl Nov 2017 - Present
    • Co-founded MediCash as a venture builder. Invested and organized a consortium to provide both equity and debt to drive the growth and success of the venture• Pioneered the establishment of MediCash as a prominent provider of long-term loans to medical companies and practitioners in Poland with an innovative approach, smart scoring and approval processes, offering quick decisions within 24 hours
  • Fsbc Bank
    Co-Founder And Chief Financial Officer
    Fsbc Bank Nov 2017 - Apr 2018
    • Financial Services on BlockChain (FSBC) was a project to open a fully-licensed bank in Malta. Our vision was built upon the premise of benefitting from a large number of planned relocations of crypto exchanges and ICOs to Malta as a result of the newly drafted crypto-friendly Crypto Exchange Licensing law• Our audacious mission was to provide a secure and welcoming environment for Initial Coin Offerings (ICOs) and crypto exchanges to transact in both fiat and cryptocurrency, while ensuring regulatory compliance. To achieve this our AML procedures would be designed from the start to make it agreeable both for the firms and the Maltese Financial Services Authority (MFSA). We aspired to be the bridge between innovation and regulation• Malta was not the ideal location to execute this ambitious plan. Our competition swiftly mirrored our strategy in Lichtenstein before we managed to get the license in Malta. Despite this setback, our journey with FSBC enriched my understanding of the cryptocurrency landscape, further solidifying my expertise in financial innovation and regulatory dynamics
  • Credit Special Situations Fund
    Managing Director
    Credit Special Situations Fund Jun 2014 - Jun 2017
    • Founder and managing director of Credit Special Situations Fund, a high-yield credit fund specialized in asset-based distressed lending. Raised EUR 8m from local investors• Analysed roughly 400 investment opportunities and invested in 10 (the total investment of EUR 11m)• Prepared procedures for the whole investment process: origination, desktop analysis and valuation, full DD, yield harvesting and collection/ collateral disposal• Built a network of financial intermediaries, large and local co-op banks and law firms, which yields a constant pipeline of special situation projects • Built a team of analysts, lawyers and surveyors (partly outsourced) to analyse and execute opportunities within 2-3 weeks• Overall IRR portfolio of 19% on a very well secured portfolio (average LTV of 0.42)
  • Enterprise Investors
    Investment Professional
    Enterprise Investors Jul 2010 - Sep 2013
    Warsaw, Pl
    The oldest and most active CEE-focused €658 million buy-out private equity fund. *Completed $28m investment in United Oilfield Services, an oilfield services business focused on exploration of unconventional oil and gas. . - The ‘key man’ on the project. - Carried out commercial DD of UOS and shale gas industry in Poland. Met with almost all E&P companies, attended conferences and interviewed around 50 market experts. . - Build the financial model and prepared internal investment documentation. - Searched for, hired and managed advisers (legal, commercial, strategic). - Observer at UOS Board*Took lead in analysis of a number of sectors. Developing these further led to yielding a number potential investments in a waste management, heavy and light manufacturing, technology, internet, utilities and services.*Close monitoring of two investments on behalf of the fund, including Supervisory Board participation.
  • Harper Hygienics
    Deputy Chairman
    Harper Hygienics Oct 2010 - Jul 2013
    Warsaw, Mazowieckie, Pl
    Harper Hygienics SA (HRP:Warsaw) is a producer of cosmetic-hygienic skin care products (cosmetic pads, facial cleansing, child skin care).*Active support to the management on major capex investments, bank debt negotiations and capital increases and reporting to investors*Close co-operation with the CEO, CFOs and Chief Controllers regarding financial reporting, introduction of the new ERP system, controls and corporate governance*Member of the Audit Committee
  • United Oilfield Services (Uos)
    Non Executive Board Member
    United Oilfield Services (Uos) Mar 2012 - Jun 2013
    Warsaw, Mazowieckie, Pl
    United Oilfield Services is an oilfield service company focused on providing well stimulation (fracking), drilling and seismic data acquisition services to the onshore oil and gas industry.*Worked with CFO in setting up reporting packages*Undertook analysis of large investment projects post transaction and leveraged network build during the due diligence linking UOS to 2 prospective clients*Active support to the management on a subsequent rounds of capital increases (meeting potential investors, managing financial advisers, reviewing IMs)
  • Tailored Mobile Solutions Sp. Z O.O.
    Ceo / Cfo
    Tailored Mobile Solutions Sp. Z O.O. Jun 2009 - Jun 2010
    Wrocław, Pl
    Restructured and sold a producer of a leading Sales Force Automation / Field Force Automation software, which increases effectiveness of field employees (salesmen, servicemen, inspectors) and provide a real-time information, control and business intelligence to the management.Complete turnaround: 52% costs reduction, signed contracts value increase of 270% by:*identifying market niches allowing for higher margins*forming partnerships with ERP and other software vendors*deeply rebuilding the team and introducing result-related pay*ending expensive freebies to already locked-in clients*launching new marketing materials inc customizable client’s ROI model used in sales pitches*changing accounting rules to enhance company’s credibility (all within IFRS boundaries)Finally, cleaned up ownership status, prepared IM, identified potential buyers, structured and completed the sale to a new investor finishing my role.
  • Kpmg Uk
    Assistant Manager, Transaction Services - Operations Strategy Group
    Kpmg Uk Aug 2005 - Jul 2009
    London, Gb
    Created value for investors including PE houses, FTSE 100 and other corporates by identification of cost-cutting opportunities and synergies at potential targets as well as conducting financial and commercial due diligence.Major projects included:*Analysis and presenting cost-cutting options for BP's 4400 retails sites in Germany and Central Europe. Halfway through the project stepped into a director role to lead the retail sites’ analysis; worked with senior management at BP’s HQ to prepare implementation plans and presented results to the CEO as the only associate along with 5 directors and a partner*Restructuring of KPMG UK and German operations during 2008-2009 recession (15000 staff in 40 front office groups) - received Global KPMG award for “dedication, thought leadership and conducting complex modeling”*Buy-side financial due diligence and detailed analyses of the highly fluctuating working capital at the UK's largest metal trading and recycling company*Buy-side of a European bread and pastry bakery business. Analysed management improvement programs and identified a few EURm of adjustments to EBITDA related to bakery maintenance, part-time staff management and staff absenteeism*Co-prepared an Excel course and became the Excel trainer for a group of 120+ staff and partners
  • Deloitte
    Consultant
    Deloitte Aug 2004 - Jul 2005
    Worldwide, Oo
    Analysed clients’ business processes, mapped risks and designed internal controls to prevent process errors and/or fraud and enforce behavior and procedures intended by the management.

Michal Frys Skills

Restructuring Private Equity Investments Financial Analysis Business Valuation Financial Structuring Debt And Equity Financing Special Situations Investing

Michal Frys Education Details

  • Aalto University
    Aalto University
    International Management
  • Rotterdam School Of Management, Erasmus University
    Rotterdam School Of Management, Erasmus University
    International Management
  • Sgh Warsaw School Of Economics
    Sgh Warsaw School Of Economics
    Project Management

Frequently Asked Questions about Michal Frys

What company does Michal Frys work for?

Michal Frys works for Solar Spy

What is Michal Frys's role at the current company?

Michal Frys's current role is Co-founder and Chief Revenue Officer.

What is Michal Frys's email address?

Michal Frys's email address is mi****@****ail.com

What schools did Michal Frys attend?

Michal Frys attended Aalto University, Rotterdam School Of Management, Erasmus University, Sgh Warsaw School Of Economics.

What are some of Michal Frys's interests?

Michal Frys has interest in Wall/rock Climbingsnowboarding, Wall/rock Climbing Snowboarding, Snowboarding, Shogi And Chess, Wall/rock Climbing.

What skills is Michal Frys known for?

Michal Frys has skills like Restructuring, Private Equity, Investments, Financial Analysis, Business Valuation, Financial Structuring, Debt And Equity Financing, Special Situations Investing.

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