Kasia Kostun

Vice President

2023

Investment Manager

2022

Senior Associate

2021

Humla Ventures is a specialized alternative asset manager investing in world class entrepreneurs and assets in the financial markets transformation. Our products include: (1) early stage venture funds investing in the transformation of financial markets through emerging tech (blockchain, AI, fintech) since 2017 (2) a fund focusing on secondary opportunities buying from distressed investors that own great companies at a discount since 2023 (3) co-investments opportunities in stellar companies offered to our close network through SPV vehicles Humla means bumblebee in Swedish: Our mission is to invest in emerging fintech companies that will help cross pollinate and grow a strong digital asset ecosystem. Our venture portfolio includes 40 early stage investments including Deribit, Credora, Bitwave, Calculum, Kiln, Unocoin, Nammu21, Hidden Road Partners, Formidium, Impervious, etc.

Associate

2019 - 2021

XBTO Humla Ventures fund is the second venture initiative lead by the XBTO group. Venture Capital Investment Focus: Financial Markets Ecosystem Transformation Fund - Cryptofinace Ecosystem and "Rails" - Fintech, Exchanges, Data-science, core tech, - Cryptocurrencies & Blockchain infrastructure Our portfolio includes: - Deribit - Stablehouse - Paradigm Trade - x-Margin - Unocoin - Lukka - Vic.ai - RelayPay - HodlHodl - Bitwave Our mission lies in cross-pollinating emerging fintech companies to grow a strong digital finance ecosystem. More at www.xbtohumla.vc and www.xbto.com

Senior Associate

2021 - 2022

Associate

2019 - 2021

XBTO is a world leader in cryptofinance. In 2015, we were the first to provide institutional liquidity to the major trading platforms and have made significant investments to create stability in this transformative industry. We continue to grow and shape the market today through our extensive trading experience and deep technical knowledge of blockchain.

Finance Project Manager

2017 - 2019

• Reporting directly to the Directors of Finance and Development; • This is a newly created position that requires taking initiative and independently leading complex projects within an unstructured environment; • Financial Strategy: Driving cross-business analytic projects to provide data driven recommendations to business partners; Projects include performing wide range data analysis, financial planning, long term budgeting and variance analysis to understand how gift revenue is generated and spent; The ultimate goal is to design and create the future landscape for the financial treatment of 20,000 annual donations (~$300M); • Management Consulting: Assessing current processes involving the intake, budgeting, accounting and reporting of all incoming gifts to NYU Langone Health ($300M annually) and identifying opportunities for improvement; • Change Management: Identifying pain points and managing the organizational transformation across the offices of finance, legal, accounting, financial aid, philanthropy and senior leadership. This year, we worked with our customers to better understand how they spend their philanthropic dollars to improve our cash management strategy. • New ERP Implementation: Implementing the financial module within the new CRM for donors and gifts (Blackbaud CRM Product). We are currently designing a change strategy that involves cleaning and reconciling the financial revenue related to gifts and endowments, and building the requirements for the future financial management of gifts in compliance with legal, accounting and financial rules.

Senior Financial Analyst

2015 - 2017

• Reported directly to the Director of Finance Transformation • Main projects: (1) Managed the Implementation of the new Business Intelligence Software and (2) Improved the Monthly Close Process by 50%; (1) Managed the institution-wide implementation of the new Business Intelligence ERP Software (Oracle - PeopleSoft): - Gathered business requirements from all financial offices (Procure to Pay, Financial Reporting, Budgets, Research, Special Purpose Funds, Payroll, Corporate, General Accounting, Strategy) - Designed the 200 reports for the financial management of ~$3B annual revenue; - Collaborated with developers to define the feasibility and structure of the reporting suite; - Managed a team of analysts to complete data validation, usability testing and community training; - Successfully sunset the previous platform and gradually implemented the new business intelligence software to 30,000 employees. (2) Financial Monthly Close Process Improvement: - Managed a cross departmental task force involving all finance business teams; - Increased the performance by 50% allowing NYULH to close the month in 5 days compared to 10 previously; - Documented and mapped 40 detailed procedures related to reconciliation, communication and accounting; - Identified accounting risks and opportunities for improvements and outlined the business impacts; - Proposed streamlined processes and implemented clear communication and escalation strategies to enable the teams to close the month in a more efficient manner; - Designed learning materials and SharePoint websites to provide a sustainable educational platform for all stakeholders.

Financial Analyst

2013 - 2015

• Reported directly to the Finance Manager of Research Finance • System Optimization: Built a model (Excel VBA) that generates financial reports 6 times faster saving the Institution 50% of an FTE's time and effort; • Financial Analysis: Performed wide-ranging quantitative and qualitative analyses in support of the allocation, reporting, and presentation of the financial activities related to the Research Mission of the school; • Data Integrity: Identified data integrity risks and proposed and implemented automated reconciliations to avoid future discrepancies.

Business Research Analyst

2012 - 2013

• Reported directly to the Directors and Business Development Associates • Assisted in the account management, business development and daily in-depth company and industry coverage • Participated in the negotiation for new deals and in the valuation process of potential acquisitions.

Finance/Controllership and Accounting Analyst

2010 - 2010

• Directed the cross-cultural financial process enhancement project across 10 satellite offices in Europe in preparation for the Comcast merger; • Identified accounting risks in preparation for the implementation of the Sarbanes Oxley’s standards; • Audited the financial business processes for all 20 finance areas which lead to the write off and cleanup of £3M due to inconsistent asset impairment assessments; • Assisted the Comptroller in reviewing monthly financial reports and discovered an unexplained £7M entry.