FinTech startup strengthens balance sheet to disrupt underserved credit and collections space
NEWPORT BEACH, Calif., December 13, 2018 – CEO Coaching International, the leading firm coaching over 170 of the world’s top growth-focused Entrepreneurs, congratulates its client YayPay on their newest successful funding round. The FinTech startup raised $8.4 million to capitalize on its momentum in the multibillion-dollar credit-to-cash software and commercial payments market, and use the funding to pursue product development in data science, advanced-level product features, and sales team expansion. The company’s total funding to date is $14 million dollars.
“YayPay is turning finance teams into revenue heroes by giving our customers the workflow tools that finally match the robustness of those used by their sales and marketing counterparts,” says Anthony Venus, cofounder and CEO of YayPay. “Using modern software, powered by data science and machine learning, we are helping finance and accounts receivables teams to hit their monthly credit and collections goals while driving costs lower. We are developing predictive credit models and building a credit-to-cash workflow specifically designed for the modern accounts receivables team.”
“This latest investment round provides further validation of YayPay’s leadership position in automating the back-office finance operations of mid-sized enterprises,” says Don Schiavone, Managing Director at CEO Coaching International. “Congratulations to the entire YayPay team.”
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 1,500+ CEOs and entrepreneurs across 100+ industries and 60 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 25.9%, nearly 3X the U.S. average, and an average EBITDA CAGR of 39.2%, more than 4X the national benchmark.
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