The CFO of Vendease Resigns as the Y Combinator-backed Startup Undergoes Restructuring and Seeks New Funding

The CFO of Vendease resigns as the Y Combinator-backed startup undergoes restructuring and seeks new funding. Mohamed Chaudry, who was the chief financial officer and also helped run the company’s operations, left his job in April 2025. His leaving comes at a tough time for Vendease, a company that helps businesses buy food supplies. The startup is trying hard to get its costs down and find new investors to keep going.

Chaudry joined Vendease in early 2024 with a big goal: to help the company grow across Africa and the Middle East. But things didn’t go as planned. The economy got worse, the Nigerian currency lost value, and prices went up. Because of this, Vendease had to make some tough decisions, including stopping its business in Ghana and cutting back on staff.

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Before he resigned, the CFO of Vendease led a big restructuring plan. This meant letting go of about 180 workers and changing how employees get paid. Instead of a regular salary, some of the pay is now tied to how well the company does. Employees can get shares in the company instead of money right away. This new system helps Vendease save cash while trying to become profitable.

Chaudry said he was proud to help the company get through this hard time but also shared that his real passion is growing businesses, not shrinking them. After leaving Vendease, he started a new project called The Scale Up CFO Hub, which teaches startup founders how to get ready for investors.

Besides cutting jobs and changing pay, Vendease also changed how it makes money. They improved their Buy-Now-Pay-Later service, which lets customers pay over time. Instead of charging a flat fee, they now charge daily interest. This move is meant to bring in more revenue and help the company stay afloat.

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Since it started in 2019, Vendease has raised $33 million, but the current economic problems have made things very difficult. The company hasn’t said how much money it has left, but it’s clear they need new funding to keep going.

The CFO of Vendease resignation shows how hard it is for startups to survive when the economy is tough. As Vendease goes through restructuring and looks for new funding, everyone is hoping these changes will help the company become profitable and secure its future. For now, Vendease hasn’t commented on the news, but many people are watching closely to see what happens next.

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