Case Study: Keyo builds growth infrastructure and secures funding readiness with Paro CFO services

Keyo builds funding-ready finance infrastructure with Paro over 2016-2017

Keyo, a startup developing touchless palm-based identity hardware and software, faced the challenge of managing its cash burn and runway while needing to build sophisticated financial processes to support growth and prepare for its next round of funding. To address this, they engaged Paro for fractional accounting and CFO services.

Paro provided a fractional CFO who established critical financial infrastructure, including approval workflows, tax compliance, and forecasting models. This solution prepared Keyo for a successful funding round by ensuring all financial statements and investor materials were in order. The guidance from Paro's expert also enabled strategic pivots, such as expanding into the medical sector during the COVID-19 pandemic.

Keyo