Iter Advisors

Fractional CFO for Startups & SMEs

Scale your finance function with a senior CFO - part-time, flexible, and cost-effective. From cash flow to fundraising, we handle the numbers so you can focus on growth.

What does a fractional CFO do?

A fractional CFO provides the same strategic financial leadership as a full-time CFO, but on a part-time basis. This model is ideal for startups and SMEs that need senior finance expertise but cannot justify or afford a full-time hire. At Iter Advisors, our fractional CFOs typically work 2-8 days per month and cover:

Cash flow management

13-week rolling forecasts, scenario analysis, and real-time dashboards to ensure you never run out of cash.

Fundraising support

Financial models, pitch deck support, data room preparation, and investor due diligence for Seed to Series B rounds.

Financial reporting & KPIs

Monthly board packs, KPI dashboards, and management reporting tailored to your investors and stakeholders.

Strategic advisory

Pricing strategy, unit economics, budget planning, and financial modeling for growth decisions.

Accounting oversight

Supervision of bookkeeping, tax compliance, and annual closing. We work with your accountant or bring our own.

M&A and due diligence

Financial due diligence for acquisitions, vendor due diligence for exits, and post-merger integration support.

Fractional CFO vs full-time CFO

CriteriaFractional CFOFull-time CFO
Monthly costEUR 2,000 - 8,000EUR 10,000 - 15,000+
CommitmentFlexible, month-to-month12-24 month contract + equity
Availability2-8 days/monthFull-time, 5 days/week
ExperienceMulti-company, cross-sectorDeep single-company focus
Best forStartups, SMEs, pre-Series BScale-ups, post-Series B
Ramp-up time1-2 weeks3-6 months recruitment

When should you hire a fractional CFO?

You are preparing a fundraising round (Seed, Series A, Series B)

Your cash runway is less than 12 months and you need visibility

You are scaling past EUR 1M ARR and need proper financial controls

Investors or board members are asking for professional reporting

You are considering an acquisition or preparing for an exit

Your bookkeeper handles transactions but you lack strategic finance

You need to optimize unit economics before your next growth phase

You are expanding internationally and need multi-country finance

Why choose Iter Advisors as your fractional CFO?

50+ clients served

We have supported startups and SMEs across SaaS, e-commerce, fintech, deeptech, and professional services.

3 offices in Europe

Barcelona, Paris, and Toulouse. We combine local expertise with cross-border financial management.

Modern tech stack

Pennylane, Agicap, Stripe, Power BI, Notion. We automate your finance function with the best tools.

Fundraising track record

Over 50 fundraising rounds supported, from pre-seed to Series B, with a combined EUR 200M+ raised.

Bilingual FR/EN/ES

Our team operates in French, English, and Spanish - ideal for international startups based in France or Spain.

Flexible engagement

No long-term lock-in. Start with 2 days/month and scale up as your needs grow. Cancel anytime.

Frequently asked questions about fractional CFOs

What is a fractional CFO?

A fractional CFO is a senior finance professional who works part-time for your company, typically 2-8 days per month. You get C-level financial expertise without the cost of a full-time hire (salary, benefits, equity). Fractional CFOs handle cash flow forecasting, fundraising, board reporting, and strategic financial planning.

How much does a fractional CFO cost?

Fractional CFO fees typically range from EUR 2,000 to EUR 8,000 per month depending on scope and seniority. This compares to EUR 120,000-180,000 per year for a full-time CFO. Most engagements start at 2 days per month and scale up as needed.

When should a startup hire a fractional CFO?

Key triggers include: preparing for a fundraising round (Seed, Series A, Series B), needing to improve cash flow visibility, scaling beyond EUR 1M ARR, onboarding institutional investors, or preparing for M&A due diligence.

What is the difference between a fractional CFO and a bookkeeper?

A bookkeeper records transactions and maintains ledgers. A fractional CFO provides strategic financial leadership: cash flow forecasting, KPI dashboards, fundraising support, investor relations, and financial modeling. They work alongside your bookkeeper or accountant.

Can a fractional CFO help with fundraising?

Yes. Fundraising support is one of the most common reasons startups hire a fractional CFO. They build financial models, prepare data rooms, create investor presentations, and support due diligence. At Iter Advisors, we have supported over 50 fundraising rounds.

Do you work remotely or on-site?

Both. Our fractional CFOs are based in Barcelona, Paris, and Toulouse. We work on-site when needed (board meetings, investor meetings) and remotely for day-to-day financial management. We use modern tools like Pennylane, Agicap, and Notion for seamless collaboration.

Ready to hire a fractional CFO?

Book a free 30-minute consultation to discuss your finance needs. No commitment, no sales pitch - just practical advice from a senior CFO.

Book a free consultation