2024 Revenue
$618.1K(Est.)
Customers · 2022
30
Funding
$2M
Team
27
Founded
2019
fuelfinance Revenue & Funding (2024)
fuelfinance generated an estimated $618.1K in annual revenue in 2024. Source: GetLatka estimate
Fuelfinance is a cloud-based financial department platform founded in 2019 by Alyona Mysko, who serves as CEO. The company provides SaaS startups and founders with financial planning software, dashboards, and automation tools, paired with dedicated financial success managers who guide clients through the platform.
As of May 2022, Fuelfinance reported 30 paying customers generating approximately $30,000 in monthly recurring revenue, equivalent to a $360,000 annualized run rate. The company tripled revenue over the prior twelve months, growing from roughly $10,000 per month in May 2021. Fuelfinance has been profitable and at breakeven throughout its roughly two-and-a-half-year operating history, having bootstrapped the business without outside capital.
Mysko, 29 at the time of the interview, was conducting the business from Western Ukraine during the ongoing war, with her 23-person team working approximately 15 hours per day. The company was preparing to raise a seed round of $1 to $2 million in exchange for 15 to 20 percent equity, intending to accelerate sales, marketing, and product development.
Last updated
fuelfinance Revenue
Fuelfinance reported approximately $30,000 in monthly recurring revenue as of May 2022, equivalent to a $360,000 annualized run rate, based on 30 paying customers at a starting price of $999 per month. Mysko noted that some customers pay above the base price through higher-tier packages, suggesting actual MRR exceeds the floor implied by the minimum price multiplied by customer count.
One year earlier, in May 2021, the company was generating roughly $10,000 per month, meaning revenue tripled over the twelve-month period. Mysko also stated the business was growing approximately 20 percent month over month at the time of the interview.
Applying the stated 20 percent monthly growth rate as a ceiling and a materially decelerated rate as a floor, GetLatka estimates Fuelfinance could reach between $500,000 and $1.5 million in annualized revenue by mid-2023. This is a GetLatka estimate based on the trailing monthly growth rate reported by Mysko in May 2022 and should not be treated as a company-confirmed figure.
fuelfinance Valuation, Funding Rounds
fuelfinance has not publicly disclosed its valuation. The company has raised $2M in total funding to date.
fuelfinance has raised $2M in total funding across 1 round, most recently a $2M Raising 2H 2022 round in 2022.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2022 | Raising 2H 2022 | $2M | - | - | Not recorded |
Founder / CEO
Alyona Mysko
CEO
Alyona Mysko is the founder and CEO of Fuelfinance. She was 29 years old at the time of the May 2022 interview and is based in Western Ukraine near Lviv. Before founding Fuelfinance, Mysko worked in finance for more than ten years, specializing in financial planning and risk management. During that period she lectured to more than 1,500 students and participated in a startup incubator.
Mysko launched Fuelfinance in 2019 as a solo founder. Approximately six months before the May 2022 interview, she brought on a co-founder, Yara Salvajic. The equity allocated to Salvajic was not disclosed. Mysko confirmed she retains a majority stake in the company.
Net worth was not discussed in the interview. At the time of recording, Mysko described working approximately 15 hours per day and sleeping an average of six hours per night while managing the business during the war in Ukraine.
Q&A
| Question | Answer |
|---|---|
| What's your age? | 32 |
Customers
Fuelfinance had 30 paying customers as of May 2022. Subscriptions start at $999 per month, and the company offers higher-priced packages for later-stage startups, meaning average revenue per customer exceeds the base price.
The customer base consists entirely of startup founders rather than CFOs or finance teams. No free tier was mentioned in the interview.
fuelfinance serves 30 customers.
fuelfinance Business Model
Fuelfinance operates on a subscription model with monthly pricing starting at $999 per seat or engagement. The company bundles software, including planning tools, dashboards, and automations, with a managed service layer delivered by financial success managers.
Mysko confirmed the business has been profitable and at breakeven throughout its roughly two-and-a-half-year history as of May 2022. The company reported a customer acquisition cost of approximately $2,500, composed entirely of internal salary costs rather than paid digital marketing spend. Lifetime value per customer was stated at more than $20,000, producing an LTV-to-CAC ratio of approximately seven to one, which Mysko confirmed. Dividing the stated $20,000 LTV by the $999 monthly starting price implies an average customer lifetime of roughly 20 months, though Mysko did not state this figure directly. Gross margin, churn rate, burn rate, and runway were not discussed in the interview.
Point-in-time figures shared on the GetLatka podcast, each linked to the exact moment it was said on camera.
Customers (2022)
30
“Nathan Latka: And how many paying customers today? Alyona Mysko: We have already 30 paying customers.”
WatchCustomer acquisition cost (2022)
$2,500
“Nathan Latka: Well, that doesn't answer the question, though. So what what what's the dollar value of the lifetime you're putting on a customer? Alyona Mysko: We now have approximate, like, lifetime value more than $20,000 per customer. Nathan Latka: Okay. And so when you say seven to one, you're spending something like $2,500 to acquire a customer? Alyona Mysko: Twenty five hundred, twenty five hundred. Like, something like that. Yes.”
Watchfuelfinance Employees & Team Size
Fuelfinance employed 23 full-time team members as of May 2022. The team is distributed across Ukraine, including Western and Eastern Ukraine. No further breakdown of team composition by function was provided in the interview.
fuelfinance employs approximately 27 people as of 2026. It serves 30 customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 27 employees (October 2024) | Not recorded |
| 2023 | Reached 27 employees (November 2023) | Not recorded |
| 2022 | Reached 23 employees (May 2022) | Not recorded |
| 2021 | Reached 12 employees (November 2021) | Not recorded |
Frequently Asked Questions about fuelfinance
What is fuelfinance's revenue?
As of 2024, fuelfinance generated an estimated $618.1K in annual revenue.
Who founded fuelfinance?
fuelfinance was founded by Alyona Mysko.
When was fuelfinance founded?
fuelfinance was founded in 2019.
Who is the CEO of fuelfinance?
The CEO of fuelfinance is Alyona Mysko.
How much funding does fuelfinance have?
fuelfinance raised $2M across 1 round.
How many employees does fuelfinance have?
As of 2024, fuelfinance had 27 employees.
Where is fuelfinance headquartered?
fuelfinance is headquartered in Rivne, Ukraine.
Compare fuelfinance to the industry
fuelfinance operates across multiple industries. Browse revenue, funding, and growth data for fuelfinance in each sector below.
Full Interview Transcripts
Read the full interview and its transcript.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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