Fueling Tech Innovation with Financial Backing

Industry: Technology

Headline: "Secured $50,000 Funding and Launched New Product"

Title: Fueling Tech Innovation with Financial Backing

Short Description: CodeAfrica Solutions needed funding. FYNANCE’s expert services secured investment and managed finances.

Detailed Description:

SME Intro: CodeAfrica Solutions, a 2-year-old tech startup in Cape Town with 10 employees, develops software for SMEs but lacked funds for a new product, a common barrier in tech SMEs.

Problem: Informal records made investor pitches weak. Financial planning was challenging, delaying market entry for innovative software.

Solution: FYNANCE’s Fractional CFO crafted a business plan, while accounting tools ensured professional records. Tax automation minimized compliance risks for investors.

• CFO services prepared compelling financial projections.
• Accounting automation ensured accurate records.
• Tax automation reduced compliance risks for funding.

Outcome: Secured $50,000 seed funding, launching the product on schedule. Generated $20,000 revenue in three months, eyeing market expansion.

• Funding secured: $50,000, product launched on time.
• Revenue: $20,000 in three months, planning expansion.

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