finance leadership without the full-time hire.
A CPA and CFA charterholder who has been the CFO of a publicly listed company, embedded with your team for the days per month you actually need. Forecasting, board reporting, capital raises, and treasury for growth-stage companies across Canada.
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thegap.
Somewhere between your first hires and your Series B, a bookkeeper and a year-end accountant stop being enough. Investors want a forecast. The bank wants covenants. The board wants a pack. And the founder is doing it all in a spreadsheet at midnight. A full-time CFO is the obvious answer, except it costs more than the problem does.
- A full-time CFO in Canada costs $250,000 or more once benefits and equity are included
- Most companies under $20M in revenue need a CFO for four to eight days a month, not twenty-two
- Fundraising, an audit, or a lender review is when the missing finance leadership becomes visible
- Regulated businesses (MSBs, fintechs, crypto) also need finance that speaks the bank and regulator language
whatafractionalcfodoeshere.
Not a monthly call and a slide deck. An operator who owns the finance function, works inside your systems, and is accountable for the numbers.
forecasting, runway, and cash
A rolling 13-week cash view and a driver-based annual forecast you actually use to make decisions. Scenario analysis for hiring, pricing, and fundraising, refreshed every month, not once a year.
board and investor reporting
Monthly reporting packages, KPI dashboards, and board decks that survive scrutiny. Written by someone who has presented to a public-company board and answered the questions that follow.
capital raise readiness
Financial models, data rooms, and diligence preparation from pre-seed through Series B. We prepare the numbers, sit in the investor meetings, and manage the process from term sheet to close.
treasury, banking, and bitcoin
Cash management, banking relationships, FX exposure, and corporate bitcoin treasury design including custody architecture and accounting treatment. Model your scenarios at btcmodl.com.
finance function build-out with a fractional controller
Strategy is worthless if the close is late. When the books need work first, Lyndon runs month-end, reporting, and controls as your fractional controller so the CFO layer sits on reliable numbers.
finance that understands regulated businesses
MSBs, fintechs, and crypto companies need a CFO who knows what the bank and FINTRAC will ask for. We pair the finance seat with a named compliance officer when you need both.
fractionalcfoorfractionalcontroller?
Most companies that ask for a CFO need a controller first, and the honest answer is sometimes both. Here is how we draw the line.
| Fractional CFO | Fractional Controller | |
|---|---|---|
| Core question | Where is the business going, and can we afford it? | Are the numbers right, on time, and defensible? |
| Typical deliverables | Forecast, board pack, fundraising model, treasury policy, pricing and unit economics | Month-end close, financial statements, reconciliations, audit file, controls, systems |
| Who you talk to | Investors, lenders, the board, acquirers | Auditors, bookkeepers, the bank, the CRA |
| When you need it | Raising money, scaling past $2M revenue, adding a board, considering an exit | Close takes weeks, reports are late or wrong, an audit or review is coming, you have outgrown bookkeeping |
| Cost vs full-time | A fraction of a $250K+ CFO hire | A fraction of a $120K+ controller hire |
If your month-end close takes more than ten business days or you cannot produce a clean balance sheet on request, start with the controller. The CFO layer only works on reliable numbers.
whorunsyourfinancefunction.
questionswegetasked.
What does a fractional CFO cost in Canada?
Most engagements run as a fixed monthly retainer scoped to a set number of days per month, and land well below the fully loaded cost of a full-time CFO (typically $250,000 or more with benefits and equity). We quote after a short scoping call so the retainer matches the actual work rather than a generic tier.
How is a fractional CFO different from a fractional controller?
A controller makes sure the numbers are right and on time. A CFO uses those numbers to decide where the business goes. Many companies need the controller first; if your close is late or your statements are unreliable, start there. We offer both and will tell you which one you actually need.
Do you work with companies outside Alberta and British Columbia?
Yes. The team is based in Edmonton and Kelowna and works with clients across Canada and internationally. Engagements are remote-first with on-site time where it is useful, for example board meetings, audits, or a fundraising process.
Do you replace my bookkeeper or accountant?
No. We sit above them. Your bookkeeper keeps recording transactions and your accounting firm keeps doing tax and year-end. A fractional CFO adds the forecasting, reporting, and decision layer that neither of those roles is built to provide.
Do you work with bitcoin, crypto, and fintech companies?
That is where the practice started. Luke was CFO and CCO of Bitcoin Well (TSXV:BTCW), a publicly listed multi-entity crypto company, and the team has run finance for MSBs, exchanges, and payment companies. We are comfortable with crypto accounting treatment, custody, and the compliance questions that come with regulated businesses.
How quickly can a fractional CFO start?
Usually within two weeks. The first month is diagnostic: we review the books, the systems, the cash position, and the reporting cadence, then agree a 90-day plan with you before settling into the monthly rhythm.
Talk to our finance team.
Leave your email or phone number and we will reach out to set up a short call.
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