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Showing posts with label Accounting. Show all posts
Showing posts with label Accounting. Show all posts

Thursday, May 13, 2021

Small Business Finance Presentation: Creating Your Money Map

 Small Business Finance Presentation

Creating Your Money Map

 Title

 Small Business Finances - Creating your Money Map

 

Join us for this webinar that we have tailored for small business owners. We know that business owners are busy working in the business, and have little time to work on the business with things such as money management and financial planning.


In this webinar, we want to help business owners expand their awareness about money matters, including:

- the psychology of money
- how your perception and relationship with money can improve your business success
- overcoming the mental roadblocks to financial freedom
- tools and tips to remain cash-flow positive
- tax planning and tax-efficient investment ideas

Speakers:

Michelle Cooper, CEO, Alchemy Accounting & Bookkeeping

In her business, Michelle has built a solid team of bookkeepers, accountants, tax professionals, and business coaches who support impact driven entrepreneurs to have highly profitable, sustainable businesses while creating the peace of mind that comes from a solid financial foundation. Michelle supports the growth of her clients' businesses with strategic planning while also addressing the mindset issues that arise with growth, in order to bust through and rise up to levels they never dreamed possible.


Tara Lamond, Small Business Advisor, Vancity Savings Credit Union

Tara has been in the financial services industry since 2004 in a variety of roles. Today, she works with small business owners and solopreneurs to achieve their dreams and influence them to think differently when it comes to making a positive impact in their local economy.


Jordan Hopper Portfolio Manager, Vancity Savings Credit Union

Jordan provides personalized investment management services and solutions for families, individuals, businesses, trusts and not-for-profits groups.


Nazlin Sunderji, Portfolio Management Consultant, Vancity Savings Credit Union

Nazlin has 17 years experience in the financial services industry and works with portfolio managers in supporting their clients in achieving their financial goals.

Monday, September 30, 2019

ZenBusiness Raises $15M in Series A Funding

ZenBusiness, an Austin, TX-based online platform to create and run small businesses, closed a $15m Series A venture capital financing.

The round was led by Greycroft, with participation from Lerer Hippeau, and Revolution’s Rise of the Rest Seed Fund and new investors Rosecliff Venture Partners, Interlock Partners, and Recruit Strategic Partners (RSP).

The company intends to use the funds to further expand its presence and continue to build out the platform and community features.

Led by Ross Buhrdorf, CEO, ZenBusiness provides a leverages Machine Learning (ML) and automation online platform that gives everything needed to start a company as an LLC or Corporation, and operate it over time through a wide array of business services including accounting, taxes, banking, lending and credit, website, domain, and email.

Since its public launch in early 2018, the company has served thousands of small businesses via its platform.

ZenBusiness is a Public Benefit Corporation.

Source. FinSMEs, September 25, 2019

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This post was brought to you by Woewoda Communications, your partner in the venture capital, private equity and startup markets; offering strategic communications, public relations & investor relation services to Canadian VCs, PEs, Angels, Endowments/Trusts, Family Offices, and Canadian startups involved in ICT, IoT, blockchain, life sciences, healthcare, agribusiness, clean energy, fintech, AI and robotics.
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Are you a Canadian GP/LP/CI or a Canadian startup that needs to grow or scale? Give us a call! One of our representatives would love to explain how we vertically design, and then systematically layer each of our communication platforms to effectively reach niche target audiences for our clients. WC offers a unique synergistic approach to effectively communicate our client's message to their target audience.

Serving Vancouver, Montreal, Toronto, Waterloo, Ottawa and Halifax



Friday, August 9, 2019

ScaleFactor raised $100M in a Year as VCs Chase Small business focused Fintechs

ScaleFactor, the accounting fintech serving the small and medium-sized business market, raised $60 million in venture funding, in its third fundraising round in about a  year.

To date Austin, Texas-based ScaleFactor has raised $100 million, completing a $10 million Series A round in July of 2018 and a $30 million Series B round in January.

Coatue Management, an early investor in Square and Shopify, led the Series C round, which also included existing investors Bessemer Venture Partners, Canaan, and Broadhaven Ventures. New investors Vulcan, Stripes Group and NextPlay Capital also participated.

ScaleFactor makes online financial software that enables small and medium-sized businesses to automate back-office tasks including bookkeeping and payroll. Business customers pay a flat fee to access the digital tools and services with packages starting at around $6,000 and reaching as high as about $30,000 a year.

Aiming to level the playing field, ScaleFactor and it’s backers say it's giving small and medium-sized businesses digital tools and insight typically reserved for large enterprises.

“Why is it SMBs can’t have on-demand bookkeeping services just like larger corporations without having a team of 50 finance people and access to the best accounting services,” said  Thomas Laffont, senior managing director at Coatue Management. “If you think of platforms like Shopify and Square, their taking individuals or small merchants and giving them the capabilities to do what was previously only for large companies. That’s a huge trend we believe ScaleFactor plays in.”

As part of the investment, Coatue gets a seat on the board, giving ScaleFactor access to a hedge fund that invested in Uber, Lending Club, Reddit, and Lyft in addition to Square and Shopify. “The proliferation of data is making platforms like ScaleFactor increasingly useful,” for small and medium-sized businesses that are looking for actionable insight in real-time, said Laffont.

ScaleFactor founder and chief executive Kurt Rathmann started the company from his living room after working as the CFO for a small business. Trained at KPMG, Rathmann was frustrated by the small business constraints he faced when it came to managing accounting and financing. Obsessing about how to meld the two became his pastime, leading him to form the company in 2014.

Six years later ScaleFactor has more than 1,000 customers and big names in tech investing as backers.

The company offers an easy to use digital platform that houses all of the business’ financial data. That gives business owners a complete view of their finances in real-time. With a News Feed like scrolling feature on the app, customers can decide in real-time to make business actions whether that's to pay an invoice or initiate payroll.  Its digital chatbot Marge is also on hand to answer questions on the go. “You can be on the run and really need the EIN number. Marge can text it back in three or four seconds,” said Rathmann, noting ScaleFactor products are all focused on saving small businesses time and helping them grow.

“In working with thousands of companies over the years, we’ve learned small business owners care about two factors above everything else: saving time and scaling their businesses.”

While ScaleFactor has its roots in accounting and financial management software, its expanding its services, which is where most of the proceeds from the fundraising will go. Rathmann said the business is evolving into a relationship one in which customers are coming to ScaleFactor for advice on other aspects of the business such as insurance. To capitalize on the deepening relationship between ScaleFactor and its customers, he said the company is developing a lending product that will be available in the fourth quarter.

The accounting platform provider is part of a growing list of fintechs that are going after the small and medium-sized business market. Ignored by the big banks for years, fintechs correctly bet small and medium-sized businesses were in need of digital services.  Venture capitalists are fawning over these fintechs, throwing hundreds of millions of dollars their way. Some already command billion-dollar valuations. Rathmann says ScaleFactor is headed that way as well. “Were are growing quickly. We’re not a unicorn yet but that’s the next step for us,” said the executive.

“We’re really excited about the diverse viewpoints now being brought to the company. We’re just getting to the net wave of what ScaleFactor will be.”

Source. Forbes, Donna Duscalso, August 8, 2019

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This post was brought to you by Woewoda Communications, your partner in the venture capital, private equity and startup markets; offering strategic communications, public relations & investor relation services to Canadian VCs, PEs, Angels, Endowments/Trusts, Family Offices, and Canadian startups involved in ICT, IoT, blockchain, life sciences, healthcare, agribusiness, clean energy, fintech, AI and robotics.

Are you a Canadian GP/LP/CI or a Canadian startup that needs to grow or scale? Give us a call! One of our representatives would love to explain how we vertically design, and then systematically layer each of our communication platforms to effectively reach niche target audiences for our clients. WC offers a unique synergistic approach to effectively communicate our client's message to their target audience.

Serving Vancouver, Montreal, Toronto, Waterloo, Ottawa and Halifax.

Small Business Finance Presentation: Creating Your Money Map

  Small Business Finance Presentation Creating Your Money Map  Title  Small Business Finances - Creating your Money Map Descriptio...