Neat
Start date: November 2024
Type of assignment: One-Off, FP&A, Financial Modeling
Activity: InsurTech
Initial sales: €3M
Number of employees: 11-50
Mission summary
Neat, a French insurtech specializing in the creation of affinity insurance products, finalized a €50M fundraising round in September 2024. Following this round, the company needed expert support to structure its financial planning and ensure that its strategic development was based on reliable and robust modeling.
Iter Advisors stepped in at this key moment to design an advanced financial model incorporating 5-year projections, as well as a detailed budget for the year 2025. Our sector expertise enabled a pragmatic approach aligned with the specific challenges of the insurance market.
Objectives and actions
- Creation of an advanced financial model: Development of a forecast to Y+5 taking into account projected growth, operating margins and strategic investments.
- Establishment of a structured 2025 budget: Definition of a precise budget framework to align spending and optimize post-levy resources.
- Collaboration with Neat's finance team: Joint work with the accounting manager and financial controller to ensure smooth integration of the new financial monitoring tools.
Team and commitment
An experienced CFO from Iter Advisors, specializing in InsurTech, was mobilized for this short but strategic assignment, providing his expertise over an intensive two-month period.
Results
- Rapid validation of the financial model: In less than a month, Neat's management validated the financial model, demonstrating its relevance and alignment with the company's strategic objectives.
- Optimized financial planning: thanks to a structured budget and detailed forecasts, Neat now has a solid financial framework to support its post-emergence growth.
- Strengthening internal financial processes: The implementation of new tools has enabled better visibility of financial flows and more informed decision-making.
Conclusion
This successful mission enabled Neat to secure rigorous financial management and optimize the use of its new funds. In just two months, Iter Advisors provided targeted expertise, guaranteeing the company a solid financial base to accelerate its development in a fast-changing market.
