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Innovation & Entrepreneurship Center

Tip #1: Keep your Cash Flow in mind!

While the whole world is going through an unprecedented period and the months to come are uncertain at all levels, Fygr, a start-up from the HEC Incubator, puts Open Banking at the service of small and medium-sized companies to remain serene about the financing of the coming months.

Fygr François and Geoffrey

While the whole world is going through an unprecedented period and the months to come are uncertain at all levels, Fygr puts Open Banking at the service of small and medium-sized companies in order to allow their managers to regain visibility and focus on their business, while remaining serene about the financing of the coming months.

Cash management is a crucial subject for the smooth running and development of a company. Nevertheless, it is a delicate exercise that requires rigour and very regular monitoring.

François Menjaud (HEC 2017) and Geoffrey Laird kept this in mind when  creating Fygr.

Fygr is a cash management and forecasting tool that helps the managers of start-ups, VSEs and SMEs to gain visibility on their activitie and keep calm! 

Monitoring and control of expenses and receipts, structuring of pre & post fund raising cost accounting, automated reporting to investors, preparation of financing files with banks, cash flow forecasting, etc. Fygr is, in these times more than ever, an ally of choice  for managers to remain zen and confined.

After joining the HEC Incubator at Station F in January 2020, François and Geoffrey very quickly took advantage of  the advice of HEC experts in order to set up and distribute a new version of their solution in March 2020. Whether at the beginning of an activity or when it is in full expansion, it is essential to have the right people and the right tools to manage it calmly, and not wait for the situation to become critical before reacting.

Controlling expenses, anticipating financing and planning the next fundraising events in order to better prepare them, this innovative and ultra-intuitive solution supports and enlightens managers at key moments in their development, based on a complete understanding and analysis of the company's activity.
 

Fygr board