Wyre
Fundraise Strategy
Financial Advisory
Financial Modeling
The Challenge
The challenge was creating a simple yet transparent financial model for an enormous payment processing platform that was all in crypto with 3-4 different cryptocurrencies. Furthermore, during our engagement with Wyre, the SEC released guidance that changed the way firms holding crypto had to record it on their balance sheet. This new guidance created challenges for Wyre as they had to account for crypto as both an asset and a liability, due to the volatility of cryptocurrency prices.
The first 90 days
We helped Wyre navigate the SEC guidance and develop a financial model that would meet their needs. The model we built for Wyre was simple and allowed them to track their KPIs easily. Additionally, we advised Wyre on their transaction with Bolt, which resulted in a successful sale.
The Solution
Wyre was able to sell their company for $1.5 billion, the largest crypto buyout ever. They were also able to navigate the SEC guidance and develop a financial model that worked for their business.
Securities are offered through Finalis Securities LLC Member FINRA / SIPC. Fidel
www.fidelmanco.com (the “Fidelman & Co.”) is a website operated by Fidelman & Co., a privately held CT Corporation. Fidelman & Co. provides pitch deck advisory, pitch deck design, financial modeling, valuation analysis, and related consulting services.