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Corporate Finance
Cadre Support Sendit Global With Finance Function
Sendit Global Ltd was a start up fintech company looking for support with their finance function and needed a CFO, whilst taking on employees and developing technology.
Background
Sendit Global Ltd was a start up fintech company looking for support with their finance function and needed a CFO. The Company was in the process of raising investment, taking on employees and subcontractors, and developing the technology.
How we helped
Cadre got straight to work on the financial model, making sure it was investor ready and that scenario planning for certain eventualities was included. Cadre also set up the financial system, set up the correct company structure for VAT purposes and completed a research and development tax relief claim.
Conclusion
As a result of the activities carried out, Sendit Global were able to increase the run rate on the cash raised to date, taking pressure off the team to raise again quickly.
