Checkout-free technology firm Grabango appoints finance veteran John Hyun as Chief Financial Officer
John Hyun has joined Grabango as Chief Financial Officer.
“John has deep expertise in finance and deal-making and has driven impressive results across an array of businesses spanning analytics, legal tech, ad tech, and gaming,” says Will Glaser, Founder and CEO at Grabango.
“I am thrilled John is joining our team. He'll play a critical role as we scale Grabango globally and prepare for the next stage.”
Grabango provides checkout-free technology to such retail chains as Chevron, Circle K, Copec, and 7-Eleven.
It uses computer vision to identify every item in the store and to know where each is at all times. This allows shoppers to skip lines. Retailers do not have to make any changes to a store’s planograms or products, and the technology is installed without any store disruption or impact on shoppers.
“Grabango’s checkout-free technology is changing the game, providing a first-of-its-kind approach to streamlining the checkout experience,” says Hyun.
“Retail is a thin-margin business. By automating the checkout process, Grabango drives significant ROI for retailers by increasing top-line revenue while reducing operating costs. I’m excited to join this rocketship of a company - my software and retailer experiences align closely with Grabango’s business goals, and the team is extraordinary.”
Hyun joins from Mode Analytics, a SaaS analytics provider, where as CFO, he led finance and corporate development, expanded internationally through M&A, and led the sale of the company for more than $200 million.
He was previously VP Finance at Rocket Lawyer, a SaaS legal tech company, and YuMe, a video advertising technology provider, where he helped lead IPO readiness.
He also has experience as an investment and corporate banker with clients including Kroger, US Foods, Nike, and Harry & David.
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