Q&A: Alyona Mysko of Ukraine-based Gasoline Finance

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It took a conflict for many people to comprehend the abilities of Ukrainians. The nation is filled with know-how expertise with spectacular instructional credentials and work ethic.

I interviewed in early March the co-founder of Whidegroup, a Magento and Shopify targeted growth agency. Earlier this month, we revealed an insightful piece from Serpstat, an Odesa-based search engine marketing firm.

This interview is with Alyona Mysko, the founding father of Gasoline, a cloud-based monetary platform situated usually in Kyiv. Gasoline supplies important ecommerce accounting and monetary companies for not some huge cash.

Your complete audio of our interview is embedded beneath. The transcript is edited for readability and size.

Kerry Murdock: You’re the founding father of Gasoline, a finance platform primarily based in Ukraine.

Alyona Mysko: Sure, we launched the corporate two and a half years in the past. Gasoline is a monetary division within the cloud for startups, particularly ecommerce. We offer accounting, monetary reporting, evaluation, unit economics, projections, market evaluation, and extra to assist enterprise homeowners make good selections.

We mix a proprietary monetary tech platform with finance and accounting professionals who analyze shoppers’ information and provide insights.

Murdock: Say I’m a service provider who sells trainers on-line. How can Gasoline assist my enterprise?

Mysko: We begin with monetary reviews. We’ll assemble your information from completely different sources that will help you perceive the important thing components, resembling profitability and money circulation. We’ll then analyze the variety of merchandise you will have, accounts receivables, accounts payables, and bills coming due. That’s step one.

For the second step, we’ll assist you to perceive the sell-through of every kind of shoe and its revenue margin. In our expertise, revenue margins differ in merchandise resembling sneakers primarily based on demand and competitors. Such a evaluation will assist with stock planning, too.

The third step is to assessment your promoting channels, resembling marketplaces and your individual ecommerce web site. Which channels are most effective to your sneakers? We’ll assist uncover that by taking a look at every channel’s gross sales quantity, promoting prices, and margins. We will help set costs to maximise income, and we are able to decide stock wants, which in fact affect money circulation.

Importantly, we’ll talk these insights in an easy-to-understand 24/7 dashboard. An proprietor can rapidly make selections from that data — what to promote, for the way a lot, and the place, now and sooner or later.

That’s what we do. We love serving to retailers develop their companies.

Murdock: You talked about unit economics. Are you able to broaden on that?

Mysko: Unit economics appears at a single merchandise, a single SKU. So, one pair of sneakers. How a lot income and margin will you obtain for the one pair? What are your promoting bills, resembling the price of acquisition and normal overhead?

Murdock: Gasoline’s buyer dashboards are interesting.

Mysko: My background is as a chief monetary officer. I perceive the challenges of founders and CEOs. They don’t have time to learn reams of reviews or crunch plenty of numbers. So we convey the important data in phrases and graphs in a really primary approach to supply insights for selections.

For ecommerce corporations, for instance, the necessities are sometimes each day, weekly, or month-to-month income, gross revenue, unit gross sales and margin, and money circulation. We’ll present all of that by channel and SKU. An govt can take a look at the dashboard for quarter-hour and make vital selections.

We’ve reasonably priced subscription pricing, as little as $1,000 per 30 days.

Murdock: Your platform could be very spectacular. Let’s shift gears and discuss in regards to the conflict. The place are you now, in mid-April?

Mysko: I’m in western Ukraine. Our firm is generally situated in Kyiv. We’ve 23 staff, all in Ukraine, though some have left the nation. Others are serving within the armed forces.

My precedence when the conflict began was to make sure the protection of staff. Thankfully all of them are secure as you and I are talking. That was the primary problem.

After that, we’re renewing our work. We began that within the second week of the conflict. It was difficult as a result of workforce members have been within the strategy of relocating or they didn’t have WiFi, or they have been in bomb shelters.

However we’ve tailored now. I’m nonetheless having many one-to-one conferences with all staff to help them and their households. We nonetheless have a lot inner communication. We’ve to run our enterprise and serve our shoppers. We’re doing that.

Plus, our nation wants monetary help. Ukrainian companies want to stay viable. Staff want salaries. Most of Gasoline’s staff are nonetheless in Ukraine. We’re working arduous on Gasoline whereas volunteering and serving to navy forces and different companies.

Murdock: The rest?

Mysko: Thanks for this interview. All of Ukraine wants assist. For anybody listening to this, please donate or purchase Ukrainian services. A straightforward approach to try this is at SpendWithUkraine.com. My mates created it.

Gasoline’s web site is FuelFinance.me. We’re additionally on LinkedIn, Instagram, and Fb. Listeners can attain me on LinkedIn.

All of us are grateful for the help.