Evalua8 engaged with Cudo, crafting a bespoke solution that spanned a spectrum of financial requirements:

Day-to-Day Bookkeeping: Evalua8 supported the creation of an finance department to streamline Cudo’s day-to-day financial transactions. This freed up internal resources, enabling them to devote their energies to core business pursuits.

Advanced Treasury Management: Acknowledging the unique challenges posed by digital asset management, our team integrated treasury management as an integral component of our service offering. This encompasses monitoring of price fluctuations and reporting on them, optimizing asset allocation and devising strategies to mitigate the inherent risks associated with market volatility.

Project Management and Cross-Department Coordination: We fostered collaboration with other departments, ensuring support during product launches and pivots for existing products when necessary. Our involvement spanned a gamut of activities, from invoicing to project support when working across departments.

Exchange Onboarding: We actively support C-suite executives, facilitating onboarding onto digital exchanges and navigating the KYC requirements for various platforms when needed. This includes putting together or adapting business plans, corporate documents and sourcing KYC files from key management personnel and UBOs alongside providing financial details sought.

VAT Audit and Compliance Coordination: As an integral facet of our extended functions, we provided support during a lengthy and complex VAT audit phase with the HMRC in the UK. The support we provided helped the company reclaim nearly £150k ($200k) in VAT rebates.

Year-end coordination and R&D support: We also help the team to prepare complete set of documentation during the year-end compliance and filing the group companies. This is done alongside our regular work so as to minimise any disruption during year end filing.