Outsourced financial management services company for startups, The Startup CFO, has turned three years old. During this period, the company has contributed to the growth of more than 160 projects with presence in 20 different countries. With the aim of creating a comprehensive proposal for them, it has diversified its services to cover all the needs of a startup.
Today, close to half of the company’s business corresponds to its CFO (Chief Financial Officer, or Financial Director) external, that covers the main financial needs of any startup on a day-to-day basis, such as cash control, financial projections, internal processes or investor relations, among many others. The rest is divided between consulting services (strategic advice), financing (support in the search for public funds), agency (specializing in the accounting, tax and labor needs of a startup) and The Startup Academy (specialized training in finance for startups).
In 2022, The Startup CFO billed 1.8 million euros, which represents a growth of 85% compared to the previous year. During the last year the team has doubled (today it is made up of 25 people), it has attracted more than a hundred new clients in six new countries and has trained 240 students through its The Startup Academy. In terms of financing, the company has raised 40 million euros in private capital for its clients, 8.5 million euros in public financing and 3.5 million euros in bank financing. And as a final fact, at the end of 2022 it began its international expansion with the opening of its office in Berlin.
“We have experienced exponential growth, both in volume and business generated and in the services we offer. We are convinced of our potential and that our trajectory has a long way to go, and the further we advance, the greater the expertise we offer our clients. This year, our great challenge is to consolidate operations in Germany, a market in which we had already entered through several clients, but it was difficult to continue growing there without a physical presence.“, Explain Jaime MedinaCEO of The Startup CFO.
