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Startup CFO

Hiring a CFO for scaling Tech business

Hiring into the C-suite of a Startup or Scaleup is never an easy task, assessing competencies, motivation and cultural fit is rarely a straightforward exercise. And in the case of the CFO, they are likely to be the last of the C-Suite roles for your Executive Team, so you will need someone who will operate well with the existing team. In this article we’re going through the challenges and steps a founder ought to be keeping in mind for an optimal process to source a high-performing CFO. Hiring processes are clearly not a one size fits all endeavor, however, the following learnings should generate value for those about to take on this all-important role.

October 6, 2023 No Comments
Madi Shadid

How to keep your SaaS spend to a minimum in 2023

SaaS spend has fast become one of the largest expenses in any modern organisation. So much so that it now accounts for roughly 12.7% of total spend.

But despite this number being set to grow — Gartner forecasts that the amount being spent on SaaS will increase by 37% in the next two years alone — finance leaders have huge opportunities to optimise this spend and keep subscription costs to a minimum. Even amid soaring inflation rates and an economic downturn.

The question is how?

January 20, 2023 No Comments
Startup CFO

Black History Month

October is Black History Month in the United Kingdom and we have taken the decision to use this opportunity to put a focus on D&I initiatives as well as some of the struggles of the past and the present.

Whilst progress can often take time to irradicate inequality and injustice, the time to commit to action is now. The fact that some aspects of progress have taken close to a hundred years to take place does not take anything away from the need for urgent developments in the world of startups and scaleups.

October 3, 2022 No Comments
Startup CFO

Venture Debt

One of the first things that Finance Directors, new to start-up life, stumble across is Venture Debt. In part, this is because senior Finance hires will often arrive not long after a substantial equity round, and that happens to be one of the optimal times for a tech business to raise venture debt.

Venture debt is a form of debt financing, typically a non-convertible, senior secured loan, offered to venture-backed businesses. It serves as a tool to complement equity financing and usually extends the runway from the most recent round.

When compared to other banking products Venture Debt is an offering for those with low, but fast-growing revenues and where cashflow remains negative overall. Typically, it’s exclusively available to a venture-backed business, which is fundamental to the offering as typical banking requirements around cashflow generation are not necessary.

September 16, 2022 No Comments