
Your last round was priced at a number you cannot justify now, and you need more money. The two honest ways through are a bridge to grow into the price or a down round to reset it. Which one is right turns on a single question.
By Olubunmi Nmerenu, ACA

Venture debt can look like the cheapest money you will raise. But the lender is underwriting one thing above all: whether you will raise your next equity round. Understand that and you will know when to take it and when to leave it.
By Olubunmi Nmerenu, ACA

You raised internationally and flipped to a parent company abroad, in the US or the UK, over your Nigerian company. Now which one bills the customer, which one employs the team, and who pays whom? The money and costs between the two have to move deliberately, and on the record.
By Olubunmi Nmerenu, ACA

The finances usually get a proper look once a month, when the books close. But a small set of numbers moves fast enough that monthly is too slow. Watching them weekly, for a few minutes, is one of the most useful habits a founder can build.
By Olubunmi Nmerenu, ACA

Your first board meeting sets the tone for every one after it. Run it off a pack the room has already read, spend the time on the decisions that need the board, and be straight about what is not working. Done well, it turns the board into a resource rather than an audience.
By Olubunmi Nmerenu, ACA

Closing a round is a skill. Deploying it is a different one. Here is how to turn a fixed sum into enough progress to reach your next stage, using burn, runway, the burn multiple, and one test: whether you would reach profitability before the money runs out.
By Olubunmi Nmerenu, ACA

Most founder budgets are built on a single growth rate with nothing underneath it, and an experienced board sees through it in a minute. A budget they trust is built a particular way, from the plan, from real drivers, and honest about its assumptions.
By Olubunmi Nmerenu, ACA

The money has landed and the pressure is to start spending it. The first quarter is where you either build the discipline that makes the round last or spend it down faster than you meant to. What to put in place first, before the spending starts.
By Olubunmi Nmerenu, ACA

Most founders ask whether they can afford a CFO. The sharper question is whether the business has started making decisions its numbers cannot yet support. Here is how to tell where you stand.
By Olubunmi Nmerenu, ACA

Price is the fastest lever you have on profit, and the one founders touch least. Here is how to raise it with confidence, and why a small increase does more than a big sales push.
By Olubunmi Nmerenu, ACA

When your costs are in dollars and your revenue is in naira, a falling currency quietly eats your margin. Here is how to see the exposure and build a business that holds up when the rate moves against you.
By Olubunmi Nmerenu, ACA