The Funding Puts Yaypay At a Major Inflection Point to Accelerate Their Intelligent Order-To-Cash Automation Software
NEWPORT BEACH, Calif., September 13, 2017 – CEO Coaching International, the leading firm coaching over 150 of the world’s top growth-focused Entrepreneurs, congratulates its client YayPay on their recent successful funding round. The FinTech startup raised $5.3 million to fund its drive to bring automation to the back-office finance operations of mid-sized enterprises.
YayPay will capitalize on its momentum in the order-to-cash software market to grow headcount, pursue product development, and increase sales activities. The funding is led by QED Investors along with co-investors Birchmere and Fifth Third Capital, the direct equity investment subsidiary of Fifth Third Bancorp, with support from 500 Fintech Fund, Aspect Ventures, Gaingels, Techstars, and Zelkova.
“With modern software powered by machine learning, we aim to turn finance teams into revenue heroes by giving them workflow tools that finally match in robustness those used by their sales and marketing departments,” said Anthony Venus, co-founder and CEO of YayPay.
“It is critical for businesses to understand their cash flow,” comments Mark Moses, YayPay’s coach and founding partner of CEO Coaching International. “YayPay streamlines how small and mid-sized enterprises manage accounts receivable, tapping into the multi-billion-dollar, order-to-cash software market. It is no wonder they received this funding.”
About CEO Coaching International
CEO Coaching International works with CEOs and their leadership teams to achieve extraordinary results quarter after quarter, year after year. Known globally for its success in coaching growth-focused entrepreneurs to meaningful exits, the firm has coached more than 2,000 CEOs and entrepreneurs across 100+ industries and 90 countries. Its coaches—former CEOs, presidents, and executives—have led businesses ranging from startups to over $10 billion, driving double-digit sales and profit growth, many culminating in eight, nine, or ten-figure exits.
Companies that have worked with CEO Coaching International for two years or more have achieved an average revenue CAGR of 22.8%, nearly 2X the U.S. average, and an average EBITDA CAGR of 37.5%, nearly 3X the national benchmark.
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