Grabango, the forefront innovator in checkout-free technology, has welcomed John Hyun as its Chief Financial Officer, leveraging his extensive experience in software industry finance and operations. Hyun, whose leadership spans numerous financing, IPO, and M&A transactions exceeding $6 billion in value, is poised to play a pivotal role in steering Grabango through its global expansion phase.
Will Glaser, Founder and CEO of Grabango, expressed enthusiasm about Hyun's appointment, citing his profound expertise in finance and deal-making across diverse sectors such as analytics, legal tech, ad tech, and gaming. Glaser emphasized the critical role Hyun will play as Grabango continues to scale its operations globally and prepares for the next stage of its growth trajectory.
Grabango stands out as a provider of checkout-free technology to major retail chains, including Chevron, Circle K, Copec, and 7-Eleven. The company employs computer vision technology to meticulously identify and track every item within a store, enabling shoppers to enjoy a seamless, checkout-free exit experience. Notably, Grabango's innovative solution requires no modifications to a store's layout or products, ensuring a smooth integration process without disruption to the shopping experience.
Hyun, who brings a wealth of financial experience to Grabango, commented on the company's game-changing technology. He highlighted how the company's checkout-free approach revolutionizes the retail sector by streamlining the checkout experience, ultimately driving significant return on investment for retailers. Hyun expressed his excitement about joining Grabango, emphasizing the alignment of his software and retailer experiences with the company's ambitious business goals, and commended the extraordinary team behind the innovative platform.
Prior to joining Grabango, Hyun served as CFO at Mode Analytics, a leading SaaS analytics provider, where he played a pivotal role in finance, corporate development, and the successful sale of the company for over $200 million. His previous roles include VP finance at Rocket Lawyer, a fast-growing SaaS legal tech company, and experience as an investment and corporate banker with clients such as Kroger, US Foods, Nike, and Harry & David.
Grabango's advanced checkout-free technology positions it as a leader in the industry, offering an enterprise-class solution suitable for operation in existing stores. The platform, characterized by fault-tolerant edge computing and AI capabilities, processes millions of simultaneous transactions without restricting store entry, product variety, or shelf configurations. As Grabango embraces its next phase of growth, Hyun's appointment adds a seasoned financial strategist to the team, reinforcing the company's commitment to revolutionizing the retail experience on a global scale.
