How Fuel helped Traxlo raise a €1.6M Seed round

Industry

Marketplace

Employees

20+

Financial tech stack

Google Sheets, Traxlo

About Traxlo

Traxlo started with a simple idea: retailers need flexibility, and local communities need more income opportunities. Why not bring them together?

The company built a marketplace that connects local stores with taskers — people who can help with inventory, shelf stocking, gap walks, and more daily tasks. For stores, this meant on-demand, flexible help when they needed it. For taskers, it created extra income opportunities right in their neighborhoods.

"We never lacked anything. All reports, P&Ls, accounting information were ready to go. I could send investors a link to any report they needed."

Paul Vezelis
Founder & CEO of Traxlo

Game-changing functionality

Investor-ready reports

Raised in Seed round

€1.6M

Revenue growth

2x

Challenges

Marketplaces are tough, and Traxlo’s was no exception.

Thousands of payments, invoices, countless legal entities, and a heap of marketplace-specific metrics to track.

In the early days, Paul Vezelis, the CEO of Traxlo, turned to freelance financial help to navigate this maze. But as their business began to scale, it was clear that manual work and disjointed systems weren’t going to cut it anymore. Paul knew it was time to level up.

The financial system? Google Sheets. And while it worked for a while, it quickly became more of a burden than a tool.

As Traxlo expanded into new countries, managing finances became harder. Different systems. Different currencies. A fundraising round on the horizon. And more financial data than ever.

That’s when they turned to Fuel.

Solutions

We built Traxlo a demand‑side finance stack: real‑time data pipes, custom metrics, and an investor‑ready model, so they finally saw what mattered.

"At one point, I needed a full forecast update — I messaged the Fuel team at 5 PM and had everything by 11 AM the next morning."

Paul Vezelis
Founder & CEO of Traxlo

Results

Built by Fuelfinance system became a one‑click metrics hub that doubled revenue, boosted fill rate, and helped close a €1.6M Seed round fast.

Main metrics dashboard

The custom dashboard we built for Traxlo consolidated all financial data into one place, giving Paul and his team instant access to key metrics. Now they can easily track revenue, expenses, and margins in real-time, making data-driven decisions. The dashboard also allows the team to share financial data with stakeholders in one click.

€1.6M Seed round fundraising

Paul didn’t need to spend hours preparing reports; he could simply share a link with investors to let them dive into the data themselves. This transparency helped Traxlo successfully close their Seed round, with our system playing a major role in the process.

Profitability optimization

By analyzing task and region performance, we identified inefficiencies in certain types of tasks that were hurting margins. We helped Traxlo set a gross margin target, and through detailed reporting, we showed them where to optimize costs. The result: Fill Rate increased, contribution per tasker grew, Traxlo’s revenue doubled since the start of our partnership.

Financial process improvement

We revamped Traxlo’s financial processes by implementing a structured month close process, validating accountant data, and creating Plan vs Actual analysis to track performance against targets. This sped up decision-making and gave them confidence in their financials.