How Companies Work With Us

Blockchain Gaming Startup

Horizon Blockchain is a decentralized marketplace that makes trading SFT’s, game items and web3 collectibles instant, easy, and secure.  BrightIron was Horizon’s first Accountant (Bookkeeping and Controller).  BrightIron has supported the company through multiple capital raises, including their Series A.

BrightIron’s primary accomplishments at Horizon Blockchain include:

  • Entry of all financial transactions to produce timely and accurate accrual based financial statements monthly.
  • Implementing financial processes and the finance tech stack, which included QuickBooks Online, Carta, BambooHR, Wagepoint, Plooto, and Float, amongst others applications.
  • Implementation of a customized chart of accounts to drive decision making.
  • Managing HR administration and payroll processing.
  • Supporting the Company with Board and Investor reporting

Assistance with the determination of accounting policies, such as revenue recognition.

SaaS Startup

Lane is a workplace experience platform that is transforming the workplace into a connected ecosystem.  Lane had a Bookkeeping partner in place and wanted to work with BrightIron’s fractional Controllers to manage the finance function, manage cash disbursements, and provide deeper insights into the financial statements.

BrightIron performed the following while working with Lane:

  • Managed the Company’s invoicing and the associated SaaS revenue recognition.
  • Reviewed financial statements monthly and provided the management team with trending analysis and optimization suggestions.
  • Managed the Company’s treasury function.
  • Assisted with management of the financial model.
  • Monthly budget versus actual variance analysis and reporting
  • Supported the Company with Board and Investor reporting
  • Supported the Company through it’s M&A

Acquired by VTS in 2021

SaaS Startup

Tailscale provides a zero-configuration VPN for building secure networks.  BrightIron was the Company’s first accounting partner (Bookkeeping and Controller) when they had fewer than 5 employees.  BrightIron has supported the Company through multiple capital raises over the past 3 years, including their $100M USD Series B.

BrightIron has performed the following for Tailscale:

  • Implementation of Quickbooks Online, and the Company’s finance tech stack which includes Stripe, Expensify, Ceridian,, Mosaic, and Bamboo HR.
  • Created a customized chart of accounts to provide the company with the data required for decision making.
  • Entry of all financial transactions into QuickBooks Online.
  • Creation and implementation of the company’s accounting policies, including revenue recognition.
  • Canadian and US payroll processing
  • Subsidiary reporting and consolidated financial reporting.
  • Support the management team with Board and Investor reporting

Supported the company’s tax filings.

SaaS Startup

Swift Medical is the leader in wound care management technology. BrightIron was the Company’s first finance partner – initially providing Bookkeeping services and then scaling to provide fractional Controller and fractional CFO services.  BrightIron worked with the Company over 5 years and supported them through multiple financings from seed through to their series B.

During our partnership with Swift Medical, BrightIron performed the following:

  • Implemented financial processes and the company’s finance tech stack, which included QuickBooks Online, Carta, Wagepoint (and later Ceridian), Saas Optics, Bamboo HR, and Carta.
  • Processed Canadian and US payroll.
  • Implementation of a customized chart of accounts to provide greater transparency.
  • US subsidiary creation and the associated financial reporting consolidation.
  • Creation of a financial budget and process surrounding forecasting and variance analysis.
  • Support the management team with Board and Investor reporting
  • Capital raise support (due diligence, negotiation, agreement review, etc.)
  • Cash management and treasury.

Organized transition to full-time finance resources when the Company was ready to bring somebody on in a full-time capacity.

SaaS Startup

Influitive is a advocacy, community, and engagement platform for the world’s most customer-obsessed brands.  BrightIron has worked with Influitive on multiple occasions – augmenting the company’s internal finance team.  Over our multiple engagements with the Company, BrightIron has performed fractional Controller and fractional CFO services.

During our engagements, we have performed the following for Influitive:

  • Created a financial model to support the Company’s Series A raise.
  • Assisted in acquisition of Engagio.
  • Provided financial leadership and oversight to the executive team.
  • Assisted with the creation of compensation plans.
  • Led the Finance team through its annual financial audit process.

Board and Investor reporting support.

SaaS Startup

MedMe’s platform delivers pharmacies with clinical services at scale.  MedMe transitioned their Accounting (Bookkeeping and Controller) function to BrightIron.  Within a few months of beginning our working relationship, BrightIron was able to provide structure to the Company’s finance function and produce financial statements on a timely basis.

BrightIron’s contributions to Medme’s finance function include the following:

  • Implementation of Quickbooks Online with a customized chart of accounts designed to provide the company with greater financial transparency.
  • Transitioning the company to full accrual accounting. This included a detailed review of the Company’s historical revenue recognition and current deferred revenue.
  • Entry of all financial transactions into QuickBooks Online.
  • Implementation of processes, including automation, to ensure that financial statements could be provided on a timely basis. Month-end close timeline was reduced by over 60%.
  • Assist preparation of Board and Investor reporting.
  • Regular meetings with the Company to provide insights and recommendations.

Support the company’s tax filings.

SaaS Startup

Seamless Health provides a platform approach to patient care.  Seamless Health transitioned their accounting (Bookkeeping and Controller) function to BrightIron.  BrightIron partnered with the Seamless team to build a strong and scalable finance function.

BrightIron performed the following:

  • Process creation to produce financial statements on a timely basis to ensure that the Seamless team have the financial data required to make data driven decisions. This included implementing an effective AR process to reduce aged receivables, and automating expense reporting.
  • Transitioning the company to full accrual accounting. This included a detailed review of the Company’s historical revenue recognition and current deferred revenue.
  • Entry of all financial transactions into Xero.
  • Implementation of a customized chart of accounts to provide greater transparency.
  • Supported the company’s tax filings.

Engaged in regular meetings with the Seamless team to review financial information and provide recommendations.

SaaS Startup

Clearfit is an HR Technology Startup. ClearFit required a strategic financial partner to advise the management team and assist with raising the company’s next round of financing. BrightIron was able to provide Bookkeeping, fractional Controller, and fractional CFO services to Clearfit.

  • Provided bookkeeping services to augment the Company’s existing finance team. This included developing financial processes and entry of all financial transactions into the accounting system.
  • Assisted with debt and equity financings.
  • Provided financial leadership and oversight of the Finance Function.
  • Provide consolidated financial reporting.
  • Support management team with Board and Investor reporting.

Marketplace Startup

Joist created a platform for contractors to manage their business. Joist required a finance team to develop the financial systems required to support the company’s growth. BrightIron provided full back-office finance support including Bookkeeping, fractional Controller and CFO services.

During BrightIron’s tenure with Joist, we performed the following:

  • Developed and implemented financial processes and systems, including automation.
  • Entry of all financial transactions into Quickbooks and monthly financial reporting.
  • Supported Investor and Board reporting.
  • Development and maintenance of the Company’s financial model and forecasting process.
  • Monthly budget versus actual variance analysis.
  • US and Canadian payroll processing.

Management of accounts payable and cash disbursements.

eSports Startup

WorldGaming, an online video gaming platform, was going through a corporate restructuring and needed assistance in executing its restructuring initiatives and determining how to position the Company. BrightIron partnered with the Company’s existing CFO to successfully complete the restructuring and assist with the Company’s future M&A.

BrightIron performed the following for WorldGaming:

  • Assisted with the restructuring of the company. This involved restructure the company’s cap table, accounts payable, and partnerships.
  • Advised on strategic partnerships.
  • Created and managed the Company’s financial planning and analysis function.
  • Assisted and advised with Financing activities.
  • Assisted with M&A activity.

WorldGaming was acquired by Cineplex

BioTech Startup

The founders at Specific Biologics were effectively managing the financial reporting at the Company. They called BrightIron for assistance as they wanted to reduce their time on Bookkeeping so that they could continue to focus on growing the business. BrightIron was able to come in and provide the founders with comfort that their financial reporting was in good hands.

BrightIron has assisted Specific Biologics with the following:

  • Transition Bookkeeping and Financial Reporting from founders to BrightIron’s team.
  • Entry of all financial transactions into QuickBooks Online.
  • Transitioned the financial statements to accrual accounting.
  • Manage the Company’s year-end external audit.
  • Manage the Company’s payroll processing.
  • Creation and implementation of the company’s accounting policies.
  • Segment expenses to enable the company to effectively track different projects for internal and external reporting.

BioTech Startup

Deep Genomics is a biotechnology company that developed a platform using AI, RNA biology and automation to enable a new approach to drug development.  Deep Genomics was a new Startup requiring assistance with the development of their accounting processes and policies and provide on-going financial bookkeeping and accounting support.

BrightIron provided Bookkeeping services.

  • Implementation of Quickbooks Online, and the Company’s finance tech stack.
  • Created and maintained financial processes and controls
  • Development and implemented a customized chart of accounts to drive decision making.
  • Entry of all financial transactions into QuickBooks Online.

Assisted with successful completion of the company’s annual external financial audit.

SaaS Startup

Chango is an advertising platform that connects marketers with their target audience. Chango required a Finance partner to augment their existing finance team to assist with M&A activity.

BrightIron performed the following services for Chango:

  • Provided general M&A Support to the executive team.
  • Assisted the Company with due diligence preparation..
  • Provided financial diligence support throughout the M&A process.

Chango – acquired by Rubicon Project

FinTech Startup

Suretap, a mobile wallet platform, required a finance executive to provide leadership throughout the organization, assist with investor communications and strategic partnerships. Brightiron assisted by providing fractional CFO services.

BrightIron helped Suretap with the following:

  • Secured financing from JV partners Rogers, Bell, and Telus.
  • Assisted in securing mobile credential deal with CIBC and Points.com.
  • Advised on eventual M&A deal with mobile payment acquirer.
  • Created and led company’s Finance, HR, and Legal functions.

Provided financial leadership and oversight to the executive team.

SaaS Startup

Surfeasy is a VPN provider.  SurfEasy was about to engage in M&A activity but required an integrated financial model. BrightIron assisted the Company with components of the acquisition.

BrightIron’s engagement with SurfEasy involved the following:

  • Created a fully integrated financial model for the acquirer.
  • Reviewed the company’s revenue recognition policies and methodology.

Advised the Company on the acquisition, resulting in an increased return for shareholders.

SurfEasy was acquired by Opera.

A Few of the Clients
We’ve Had the Pleasure of Working With