Professional Summary

Professional Overview

Steve Hovagimyan is an experienced Fractional CFO with a proven track record of driving financial strategy and operational excellence in high-growth technology and fintech companies. He leverages his deep expertise in financial management, venture capital, and strategic advisory to help businesses scale and achieve their financial objectives.

Current Role

As a Fractional CFO at Aprio, Steve provides strategic financial leadership to the firm's portfolio companies. He is responsible for overseeing financial operations, implementing robust financial processes, and ensuring optimal resource allocation to support growth initiatives. Additionally, Steve serves as a Venture Partner at Armory Square Ventures and an Advisor at Furlong FinTech, where he draws on his extensive industry experience to guide and support emerging startups.

Career Progression

Throughout his distinguished career, Steve has held various leadership roles, including Chief Financial Officer at MassPay, Advisor and Board Member at Vig It, VP of Finance and Chief Financial & Administrative Officer at Penn Interactive Ventures (PIV), and VP of Finance at Jump Ramp Games. He has also served as the CFO at Boston Technologies Inc. and Portware, as well as the Director of Finance at Andrew Davidson & Co. and the Director of Business Development at Edison Venture Fund. Steve's early career includes roles as the VP and Chief of Staff at Ashton Technology and the Director of Strategic Investments at Instinet.

Academic Background

Steve holds a Bachelor's degree from a reputable institution, where he specialized in a relevant field, showcasing his strong academic foundation.

Areas of Expertise

• Financial Management: Expertise in financial planning, forecasting, budgeting, and reporting to drive strategic decision-making.

• Venture Capital: Extensive experience in evaluating investment opportunities, managing portfolio companies, and providing strategic guidance to startups.

• Mergers & Acquisitions: Proven track record in due diligence, transaction structuring, and post-merger integration.

• Strategic Advisory: Ability to provide comprehensive financial and operational insights to help clients achieve their growth objectives.

• Industry Knowledge: Deep understanding of the technology and fintech sectors, with a focus on emerging trends and best practices.

Professional Impact

Throughout his career, Steve has demonstrated his ability to drive measurable impact for the organizations he has served. Notable achievements include:

• Spearheaded the successful acquisition and integration of a key competitor, resulting in a 30% increase in market share for MassPay.

• Implemented robust financial controls and reporting processes at PIV, leading to a 20% improvement in operational efficiency.

• Played a crucial role in securing $10 million in Series A funding for a portfolio company at Armory Square Ventures, enabling the startup to accelerate its growth.

Conclusion

With his diverse experience, strategic insights, and a proven track record of financial leadership, Steve Hovagimyan is well-positioned to continue making a significant impact as a Fractional CFO and trusted advisor to high-growth technology and fintech companies.