Squid Scaled to 900k+ Users Across 100+ Chains with Regen as Their Back Office
900k+
product users
100+
chains supported
3
successful fundraising rounds with clean diligence
“Regen has been the backbone of our company… I can’t imagine running Squid without you..”
Christina R
CEO, Squid
Context
Squid launched as a lean founding team with global ambitions — building a cross-chain liquidity router powering developers and users across 70+ networks.
When early funding closed, operational demands spiked: hiring internationally, managing on-chain payroll, securing treasury flows, and producing investor-grade financials — all while keeping founders focused on product and partnerships.
That’s when Squid engaged Regen Financial to architect its finance foundation and operate as its complete back office — combining crypto-native operations, accounting, HR, investor reporting, and hands-on execution in one seamless layer.
Challenges
Blank slate: No finance stack, HR policies, ERP, or on-chain/fiat controls — payments risked delays, invoices slipped through, and there was no single source of truth.
Founder bandwidth: Leadership pulled into payments, vendor management and manual ops and admin.
Investor expectations: Frequent diligence cycles required accurate, audit-ready financials.
Diverse Needs: As Squid scaled rapidly and prepared for fundraising, its expanding operations demanded top-tier partners who could match the pace and complexity of its growth.
Why Regen?
Squid sought a crypto-native partner that could combine structure and speed - a team trusted by founders for implementation as much as advice. Regen’s breadth of work and multi-company experience meant they could bring best practice processes and partners from day one.
“If Regen weren’t here, I’d struggle — I’d need to hire multiple people.”
“Because you don’t just work for one company, you know best practices and have a bird’s-eye view of who to recommend. Everyone you’ve recommended, we’ve worked with and it’s helped us become a well oiled company.”
Christina R
CEO, Squid
Solution/Delivery Highlights
End-to-end finance leadership → Regen operates as Squid’s full finance department — CFO, controller, and ops team in one — managing everything from bookkeeping and AP/AR to strategic financial advice.
Crypto-native operations → On-chain multisig management and payment processing, with robust signing policies and cashflow visibility.
Payroll & global workforce management → HR policies prepared and PEO/EOR solutions implemented and managed to ensure compliant cross-border payments for the team.
Automation, bookkeeping & dashboards → Regen’s tech-enabled bookkeeping links on-chain and fiat data through APIs and smart tagging, automatically reconciling every transaction into dashboards and reports, giving founders and investors near-live visibility on burn, runway, and spend.
Swiss tax compliance → Regen partners with a local Swiss tax advisor to handle all filings and ensure entity-level compliance with national reporting standards.
Investor Report & Audits → Regen prepared institutional grade investor reports and managed 15+ investor due diligence requests over a 3 year period.
“We’ve had very good feedback on our financials from other investors who have looked at them. It gives them confidence that we run a tight ship.”
Christina R
CEO, Squid
Before Vs After
Before Regen
After Regen
No structured finance stack
Fully operational finance and ops layer run by Regen
Founders context-switching to manage payments
Founders focus entirely on product and growth
Manual on-chain/fiat management
Standardized custody, multisig, and payment flows
Reactive investor support
Always-on audit and investor pack readiness
Ad-hoc vendors and tools
Curated, managed ecosystem of best-fit partners
Results
With Regen running the back office, Squid’s founders freed up hundreds of hours to focus on scaling product and partnerships. Finance shifted from a burden to a strategic advantage, precise visibility on burn and runway, instant answers for investors, and the confidence that funds and operations were secure.
“The finances they prepare shape hiring and budgeting decisions — I rely on that information nearly every week.”
“We’re in touch almost daily — you’re incredibly responsive and help with challenges that go beyond scope.”
Christina R
CEO, Squid
Results By The Number
15+ investor audits completed with verified data
<24 hours average turnaround for financial queries
Global payroll operating seamlessly across 20 staff
Hundreds of hours reclaimed per quarter through automation
Full investor confidence from consistent, audit-ready financials
“You’re very efficient, extremely professional, hardworking, and dedicated to the success of our company.”
Christina R
CEO, Squid
Regen plugs into your stack so you can build.
When you’re ready for crypto-native finance that scales with product velocity, Regen is ready to run it — completely.
