Book a call
By LegalEdge News

How a Fractional CFO can elevate your startup or scale-up

Starting and scaling a business is filled with innovation, ambition, and growth. 

And as a founder, you wear multiple hats, from visionary leader to operations manager and even a customer service representative!

However, there is one critical aspect that often gets overlooked and that is financial leadership. 

Generally, finance operations is set up quite quickly within a business, whether that be with external bookkeepers or an in-house team – however a professional finance function is much more than just day-to-day operations.

This is where a Fractional CFO or Finance Director steps in, offering expertise, strategy, and guidance to help you navigate the complexities of finance while helping you maximise growth and minimise risk. 

So, what does a Fractional CFO do and how can they help your business?

Financial Strategy and Planning:

Cash Flow Management:

Financial Analysis

Fundraising Support

Risk Management

Professionalise Finance Function:

When is a good time to hire a Fractional CFO?

As early as possible! However, there are 5 scenarios where a Fractional CFO would be really useful:

  1. Once your business has started selling to market and you’re seeing rapid growth.  
  2. When you want to raise funds via debt or equity.
  3. When your business is experiencing some financial challenges, whether that’s cashflow management or other complex issues.
  4. Your existing team lacks in financial expertise, and you need an experienced person to fill that gap.
  5. When you’re working in a regulated business where there are additional reporting, compliance, and/or disclosure obligations.  Or your board members need additional support.

What is the benefit of hiring a Fractional CFO?

Similar to LegalEdge, filling that General Counsel role, your business may not be at the size to accommodate a full-time in-house CFO.

So, the main benefit is cost. A full-time CFO will cost upwards of £150K per annum + equity and therefore a Fractional CFO is very cost effective.

Other benefits include:

  • Flexibility – they can scale up when you need additional support such as a fundraise or an annual budget for the board and scale down when applicable.
  • Broad knowledge – most Fractional CFOs have a team working with them, so you can access a broader team rather than just one.
  • Experience – Fractional CFOs have and do work with multiple clients and industries and so you can take advantage of their broad experience and knowledge.

What to look for when hiring a Fractional CFO?

Ideally you want to work with an experienced CFO who has worked in the Fractional market for some time.  Working as a Fractional CFO is quite different to working in-house, so if you want someone to hit the ground running, than experience counts.  

You would also want a Fractional CFO who has worked in similar industries or business models.  Be it retail, ecommerce , fintech, SaaS, etc – most Fractional CFOs will have a few sectors that they work with, so ensure that you find one that suits your business.

If you want a Fractional CFO who can implement long term changes and help build your finance function, you ideally also want someone who has soft skills for mentoring and levelling up teams.


As a founder, it’s essential to recognise the critical role that financial leadership plays in the success of your scaling business. A Fractional CFO can be a strategic partner, guiding you through financial challenges and opportunities, ultimately helping you achieve your business goals. Fast Growth Consulting has been supporting growing companies with their finance function since 2019; including training for finance professionals to upskill into that leadership role.

They’re offering exclusive access to their valuable insights in their “Outsourced Bookkeeping Handbook,” to help to drive your company toward long-term success. This comprehensive guide covers essential topics related to outsourcing your bookkeeping to 3rd parties: detailing how to manage this outsourced support, red flags and when to bring financial operations in-house.

To access this handbook for free, simply use the code: FGCGUIDE. 

If you have any questions or would like to explore how Fractional CFO services can benefit your business, please contact them on

Back To Blog Our Services
  • Share:

What do our clients think?