00John Galt Finance

Fractional CFOfor iGaming

The finance team that speaks GGR and IFRS in the same sentence.

Senior CFOs and analysts inside your business. We close the month, defend the numbers, and show where the margin really is.

12+
CFOs & analysts
30+
Clients
12+
Countries
Nikolajs Petrovics, Founder & CEO of John Galt Finance

“Every operator has numbers. Few have numbers that agree. Our job is one version of the truth.”

Nikolajs Petrovics — Founder & CEO, ex-Printify
GGR ↔ IFRS reconciliationDay-5 closeCohort paybackBonus ROI13-week cashBoard & lender packsLicence and M&A supportTrained at SSE StockholmFeatured in ForbesLatvian Banking AssociationGGR ↔ IFRS reconciliationDay-5 closeCohort paybackBonus ROI13-week cashBoard & lender packsLicence and M&A supportTrained at SSE StockholmFeatured in ForbesLatvian Banking Association
01Who we serve

Built for gaming founders who outgrew their bookkeeper.

If your ops numbers move faster than your accounting, you are our client.

Core

Operators, €5M–€150M GGR

Regulators, banks and a board now want audited numbers.

Complex

Multi-brand groups

Many licences and entities, no single P&L anyone trusts.

Adjacent

Affiliates & B2B suppliers

Rev-share timing decides how the year looks.

Event

Raising or exiting

Fundraise, refinancing, new market, due diligence.

We sit next toFounder / CEOCOOHead of FinanceBoard & investors
the gap
02The problem nobody else solves

Ops metrics and financial statements never reconcile.

BI says NGR. Accounting says revenue. We build the documented bridge between the two — iGaming reporting to IFRS / GAAP.

Operations speaks

Platform · PSP · bonus engine

  • GGR
  • NGR
  • Bonus cost
  • Free bets & credits
  • Player liability
  • Jackpot provisions
the bridge

One mapping, rebuilt every close, owned by a named CFO.

Finance speaks

IFRS / GAAP · audit · board

  • IFRS 15 revenue
  • IFRS 9 receivables
  • Deferred income
  • Gaming duty accruals
  • Group consolidation
  • Audit trail
01
Turnover

Raw wagering volume

02
GGR

Less player winnings

03
NGR

Less bonuses, duty, chargebacks

04
IFRS 15 revenue

Gross vs net, timing

05
EBITDA & P&L

Bank- and audit-proof

Two-way reconciliationDocumented mappingAudit-readyNo manual bridge files
03How we work

From raw data to board decisions.

A finance function is a pyramid. Each level holds only if the one below is solid.

Level 01
Data sources

Platform · bonus engine · PSPs · marketing · ledger

Level 02
Definitions & reconciliation

One chart of accounts, one GGR/NGR definition, the IFRS bridge

Level 03
Cohort & bonus economics

Payback curves, promo ROI, margin by market and channel

Level 04
Forecasting & scenarios

13-week cash, driver-based budget, stress tests

Level 05
Board decisions

Where to spend, what to cut, what to raise

Fractional CFO

A senior CFO in your team and in your board room.

Month-end close

A close you trust by working day five.

NGR ↔ IFRS bridge

Platform reporting mapped to statutory accounts.

Unit economics

Payback by cohort, market and channel — in euros.

Bonus profitability

Every campaign costed against the margin it made.

Cash & treasury

13-week cash, PSP reserves, duty planned.

Modelling

Driver-based models a bank will accept.

Investor reporting

Data rooms and diligence, answered by finance people.

Weeks 1–4

Levels 01–02 — sources mapped, first reconciled close.

Months 2–3

Levels 03–04 — cohort economics and rolling cash live.

Ongoing

Level 05 — monthly CFO pack, CFO in the room.

04The monthly pack

Six numbers a founder should know by heart.

If a metric doesn’t change a budget, it doesn’t go in the pack.

CFO pack · May close
Reconciled
GGR
€6.41M
+5.2%
NGR
€4.82M
+6.4%
IFRS revenue
€4.79M
Δ 0.6%
GGR → IFRS waterfallSigned off
GGR
Bonus
Tax
Chargeb.
NGR
IFRS
Cohort contribution margin · % of first deposit
M1M2M3M4M5M6
C1
92
71
58
47
39
34
C2
90
68
55
45
37
31
C3
94
76
63
54
47
42
C4
88
64
50
41
33
27
C5
95
79
67
58
51
46
NGR after bonus cost

What did we actually earn?

€4.82M
+6.4% MoM
Cohort payback

When does a player pay us back?

3.8 mo
-0.6 mo
Margin by channel

Who gets next month's budget?

€41 CAC
2.1x margin
Promo return

Margin or just volume?

1.9x
+0.4x
13-week cash

Can we fund the next market?

€2.3M
min. week 9
EBITDA vs plan

Where did the plan break?

22.6%
+2.1 pp
Day 5
Month-end close
from day 25
-22%
Bonus cost / NGR
same acquisition volume
+11%
Cohort LTV
90-day window
+4.3%
EBITDA margin
run-rate impact

Representative engagement, anonymised. Full breakdown on the call.

05The people

Senior operators, not a support queue.

12+ CFOs, finance leads and analysts. Riga-based, serving founders across five regions.

Nikolajs Petrovics
Founder & CEO

Nikolajs Petrovics

10+ years in finance and strategy. Ex-Head of Finance Strategy at Printify, ex-Ecommpay. Led finance at Wellners, Bonati and Sweeco.

Alex Astapchyk
Co-Founder & COO

Alex Astapchyk

10+ years in digital commerce — growth, marketing systems and commercial strategy. Built and scaled multiple online brands.

The team behind your finance function
Igor Zuev
Igor Zuev
Fractional CFO
German Gadun
German Gadun
Fractional CFO
Dmitry Sokolov
Dmitry Sokolov
Fractional CFO
Diana Nikitina
Diana Nikitina
Credit Risk Advisor
Arturs Matasovs
Arturs Matasovs
Financial Advisor
Anna Dankevych
Anna Dankevych
Grants & Business Plans
Aleksey Isakov
Aleksey Isakov
Market Researcher
Natalija Sapovala
Natalija Sapovala
Key Account Manager
Vjacheslav Petruskin
Vjacheslav Petruskin
IT Consultant
Arturs Brencis
Arturs Brencis
Growth & Partnerships
Vladimir Vaschilko
Vladimir Vaschilko
Sales Manager
Victoria Musaverova
Victoria Musaverova
Business Assistant
Anastasiia Shavyrina
Anastasiia Shavyrina
Business Development
Igor Zuev
Igor Zuev
Fractional CFO
German Gadun
German Gadun
Fractional CFO
Dmitry Sokolov
Dmitry Sokolov
Fractional CFO
Diana Nikitina
Diana Nikitina
Credit Risk Advisor
Arturs Matasovs
Arturs Matasovs
Financial Advisor
Anna Dankevych
Anna Dankevych
Grants & Business Plans
Aleksey Isakov
Aleksey Isakov
Market Researcher
Natalija Sapovala
Natalija Sapovala
Key Account Manager
Vjacheslav Petruskin
Vjacheslav Petruskin
IT Consultant
Arturs Brencis
Arturs Brencis
Growth & Partnerships
Vladimir Vaschilko
Vladimir Vaschilko
Sales Manager
Victoria Musaverova
Victoria Musaverova
Business Assistant
Anastasiia Shavyrina
Anastasiia Shavyrina
Business Development
EU

Malta, Estonia, Latvia, Cyprus, Netherlands

UK

UKGC-licensed operators and suppliers

US

US-facing groups and affiliate networks

MENA

UAE-based holdings and payments

APAC

Multi-jurisdiction operators and B2B

CredentialsForbesSSE StockholmLatvian Banking AssociationTrustpilot

Conservative finance, gaming fluency

Corporate finance discipline from people who know what wagering requirements and PSP reserves do to your accounts.

A position, not a report

Raise this, cut that, delay the market entry a quarter — in writing, every month.

Scaling is a finance decision

Operators stall when nobody can prove which growth is profitable. That proof is the deliverable.

Stop guessing. Start deciding on facts.

30 free minutes with a senior CFO who knows gaming. A clear read on where your money is.

30 min · No pitch · alex@johngalt.rocks · +371 2988 9903