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Mike Hodes In 60 Seconds...
Mike is an accomplished CFO based in Vaughan, Greater Toronto Area, bringing over 33 years of business expertise to the table. Specializing in partnering with entrepreneurial CEOs, Mike has a proven track record of helping companies—ranging from SaaS to Fintech—navigate complex financial challenges and scale successfully, with revenues between $2M and $20M. His experience spans both domestic operations and international expansion.
One of his proudest achievements is steering an 80-employee company through a critical financial crisis, preventing it from going under without resorting to new funding or diluting shareholder value. This effort culminated in a successful $10M exit within just two years.
Mike is also a key member of a team of high-caliber CFOs providing outsourced financial leadership to SMEs across the York & Simcoe regions, delivering strategic insights and hands-on support to drive sustainable growth.
Specialist Skills
Cash Flow Improvement
Accounts Receivable Factoring, SaaS Financing, Overdraft Facilities, New Payment Terms (Customer And Vendor), Capital Leases, Cost Containment
Budgeting & Forecasting
Crafting Strategic Scenarios for Cost Optimization, Growth Expansion, Fundraising, and Investor Pitch Decks
Financial Reporting
Strategic Board Reporting, Comprehensive Audits, and Global Expansion Initiatives
International Business
Establishing International Offices in France, the UK, and the US, with Ongoing Management of Finance, Administration, Vendor Relations, Contracts, Tax, and Legal Compliance
Due Dilligence
Preparation Of Data Room and Ensuring That All Records (Financial And Non-Financial) In Good Order To Prepare For Due Diligence
Track Record Highlights
- Led a successful $10m strategic exit in 2-years.
- Improved cash flow by securing a $2M invoice factoring facility that covered Accounts Receivables in France, the UK and US.
- Created a self-service financial reporting dashboard in 2-months for the Board, Management Team and Country Managers that facilitated timely decision making.
- Took a SaaS company public in 2022 on the TSX Venture Exchange (Toronto) via a reverse takeover (RTO)
- Led 2 private companies through US and European expansion as CFO.
- Reduced month end close from 15-days to 4-days across an international company.
- Raised $12m of new investment via a private placement and concurrent financing.
Sector Experience
- Technology Software, SaaS: Ecommerce, Business Process Management, Consulting services
- Public Relations & Communications Services
Looking For Something Specific?
Tell us what you're looking for and in as little as 48-hours of contacting us, we'll arrange a meeting with a Fractional CFO from our team of 100+ who has the experience you need to help you achieve the numbers that really matter to you. Let us save you (valuable) time searching. Contact us.