Sean Yu

Sean is Cofounder & CEO at Paraşüt. Previously, Sean was CFO of grou.ps, research fellow at Endeavor, private equity investor at Gryphon Investors and investment banker at Lehman Brothers. Sean holds a bachelor’s degree in economics from Harvard University.
(Company profile: Paraşüt is the leading SaaS receivables/payables management solution for Turkish small businesses. The Turkish government has mandated a switch to electronic invoicing, and this is the first cloud solution that addresses the needs of 3 million small businesses and enables them to be compliant with the government mandates. All of the incumbents are old-school, on-premise software packages focused on medium-sized companies. Business owners use Paraşüt to manage and understand their businesses, as well as to send invoices, track expenses, and collect payments. Paraşüt was launched in June 2014 and has 12k paying subscribers today. It has been named by CB Insights as Top 250 Fintech companies to transform the financial services industry, by Wired Magazine as Europe’s 100 Hottest Startups, and has been voted as the #1 SaaS company in Turkey by Webrazzi five years in a row.)