Várri Consultancy

BACKGROUND

Introduce your business and what you do there.

I’m the senior advisor of EasyPark AB, a global company reviewing to continuously expand to new markets. I was the CEO of the company for 14 years, but last year, I decided to step down. Thus, I now work with my successor and the owners part-time, mainly working on our expansion.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Várri Consultancy?

We wanted to find a very good consultant who could help us map and review the markets and industry we’re in.

SOLUTION

What was the scope of their involvement?

Várri Consultancy provides us with business consulting. In the beginning, we had a few calls with them to describe at a relevant level our market, background, and history. Then, we got into specific details regarding what we were looking to obtain and defined the different goals and objectives.

During this process, we described our industry, the different stakeholders, and the relationship between those stakeholders. Our company has a presence in close to 25 countries, so there are a lot of opportunities. Therefore, we also specified what we wanted to get out of this engagement.

Since those initial meetings, we’ve had several other calls with Várri Consulting. On those calls, they’ve shared results, reports, and their understanding of those findings.

What is the team composition?

We’ve worked with quite a few teammates on this project, including Johnny (Founder).

How did you come to work with Várri Consultancy?

They came as a recommendation.

How much have you invested with them?

We’ve spent close to €30,000 (approximately $32,000 USD).

What is the status of this engagement?

We started working together around May 2023, and our engagement is ongoing.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement? 

We’ve been very pleased with phase one of this project, so we’re now working on expanding Várri Consultancy’s scope. However, we’re still in the research process, so we haven’t entered the market yet to see tangible results. Overall, we’re positively surprised by Várry Consultancy; they’ve delivered high-quality work.

How did Várri Consultancy perform from a project management standpoint?

Várry Consultancy has met the deadlines and delivered on budget. We collaborate using a mix of communication channels.

Are there any employees from the service provider's team that you would like to give a shout-out to in this review?

I would like to give a shout-out to Johnny. His ability to grasp our requirements is impressive — he’s one of the best consultants we’ve ever met.

What did you find most impressive about them?

What they’ve delivered has exceeded our expectations.

Are there any areas they could improve?

There’s nothing Várri Consultancy could improve on.

Do you have any advice for potential customers?

I have no particular recommendation.

BACKGROUND

Introduce your business and what you do there.

I’m a co-founder of a tech startup.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Várri Consultancy?

Our company is at an early stage, and we aim to close a seed round next year to take in growth capital and increase sales. In preparation for that, we hired Várri Consultancy for financial advisory services.

SOLUTION

What was the scope of their involvement?

Várri Consultancy analyzed our case and helped us have meetings with the right kind of angel investors through Zoom. They revised our confidential pitch deck and gave us written feedback. Overall, they checked that we’re on track for the seed round and provided us with feedback. They’ll bring in interested investors when we start the seed round. 

What is the team composition?

Johnny (Founder) was the lead on our project. 

How did you come to work with Várri Consultancy?

I found them through a recommendation by some strong names in the business. 

How much have you invested with them?

We settled on a kickback fee system. When we start the seed round, they’ll bring in some interested investors and get kickbacks on their service. 

What is the status of this engagement?

We worked together from December 2021–February 2022.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement? 

The feedback I got from Várri Consultancy was great.

How did Várri Consultancy perform from a project management standpoint?

They were excellent at project management. 

What did you find most impressive about them?

Johnny is great!

Are there any areas they could improve?

I don’t have negative feedback for them.

Do you have any advice for potential customers?

Having feedback before and after a seed round is critical because you don’t want input from investors — you want their money, networks, and connections. That’s impossible if you haven’t had feedback sessions with world-class consultants beforehand.

BACKGROUND

Introduce your business and what you do there.

I’m the CEO of KLAIM, a fintech company for healthcare.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Várri Consultancy?

We have a lot of regulatory requirements and risk management in the fintech space, so very few companies do risk assessments. We didn’t have a lot of experience in the field, so we were looking for somebody who could guide us.

SOLUTION

What was the scope of their involvement?

We’ve engaged Várri Consultancy on various specific items related to risk management, framework assessment of risk, and the legal structure for the transactions that we do with our clients and lenders. We had an initial discussion to explain our requirements, and then they got back to us with the scope of work. However, we realized that the scope wasn’t necessarily what we were looking for, so we involved them on a retainer basis.

Every time we have a request, they help us look at the risk impact on our legal agreement on the debt side. Our risk assessments are a framework for the company. We’ve conducted a workshop, and we’re doing several other things based on priority.

What is the team composition?

We’re constantly in contact with the founder, the main consultant.

How did you come to work with Várri Consultancy?

Somebody who worked in the past with the principal of Várri Consultancy referred me to him.

How much have you invested with them?

We’ve spent $100,000–$150,000.

What is the status of this engagement?

We started working together in December 2020, and our relationship is ongoing.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement?

Their work has mainly given the comfort to our lenders that the documents are high-quality, so it definitely has helped the business. Moreover, they’ve been highly reliable and professional. Also, their inputs are relevant.

How did Várri Consultancy perform from a project management standpoint?

They’re very organized and structured, and their response times are short. To communicate, they come to the office, or we have some calls. We also exchange documents, and they put their comments on them.

What did you find most impressive about them?

They stand out for their level of detail and in-depth expertise.

Are there any areas they could improve?

The prices are high.

Do you have any advice for potential customers?

We highly recommend them. They offer a good service and are reliable.

BACKGROUND

Introduce your business and what you do there.

I’m the chief development officer of a company that offers a solar energy equity platform.

OPPORTUNITY / CHALLENGE

What challenge were you trying to address with Varri Consultancy?

We’ve worked with them on three different business analysis projects related to credit and solar power.

SOLUTION

What was the scope of their involvement?

First, they performed a credit analysis on various private companies in different industries in the UAE, in which we were considering incurring off-taker credit risk under our solar project agreement. The second assignment was for Varri to review our investment committee reports and include a credit policy and credit exposure matrix to assist us in the decision-making. In the third instance, we hired them to conduct an exploratory workshop with our founders and C-Suite to teach them how to manage investment-related risks in solar power assets.

We’re just now about to engage them in a fourth job: to expand our credit risk policy.

What is the team composition?

We specifically asked to work with one of their individuals on the executive workshop: Johnny (Founder & Managing Director).

How did you come to work with Varri Consultancy?

They were recommended to us by our chairman.

How much have you invested with them?

Every project has cost around $30,000, so the total is close to $100,000 currently.

What is the status of this engagement?

We’ve been working together since November 2020.

RESULTS & FEEDBACK

What evidence can you share that demonstrates the impact of the engagement? 

By creating our credit policy first, Varri empowered us to comply with government regulations for our industry when we were developing the credit exposure matrix. This was a big step forward for our investment committee.

How did Varri Consultancy perform from a project management standpoint?

They’re the best vendor that we’ve worked with in this regard, and we’ve engaged a lot of 3rd-party providers. We typically communicate over email and Teams. When needed, they come to our office.

What did you find most impressive about them?

Their knowledge base is our favorite part of working together.

Are there any areas they could improve?

They could get themselves more international exposure.

Do you have any advice for potential customers?

If you’re concerned about credit risk to your company, then you should definitely work with them.

BACKGROUND

Please describe your company and your position there.

Private investment company

OPPORTUNITY / CHALLENGE

For what projects/services did your company hire Varri Consultancy?

Varri Consultancy provided translation and general counsel services ahead of the launch of the first F45 studio in Scandinavia

SOLUTION

How did you select this firm and what were the deciding factors?

We considered multiple consultancies however ultimately Varri’s track record, regional experience and competitive price were the deciding factors

Describe the project in detail and walk through their service package.

Varri was fully responsible for providing business counsel and translation services for the entire pre launch.

How many resources from the vendor's team worked with you, and what were their positions?

We had the pleasure to work directly with the owner of Varri

RESULTS & FEEDBACK

Can you share any outcomes from the engagement that demonstrate progress or success?

Opening studios in a new market requires timeliness, market knowledge and experience with local legislation. Varri demonstrated all of that.

How effective was the workflow between your team and theirs?

Workflow was swiftly managed via direct calls and emails.

What did you find most impressive or unique about this company?

Varri’s approach makes you feel that you are in a very safe pair of hands. The deep trust and client focusness Varri provides is exceptional.

Are there any areas for improvement or something they could have done differently?

Cannot think of any.