Full strategic finance support from experts who understand how to get you to the next stage, without the cost of a full-time hire.
Schedule a consultA fractional CFO, an outsourced CFO, and a part-time CFO are the same service under different names: senior finance leadership scoped to what your stage requires. At Convoy, the work is led by Toronto-based CPAs supporting startups across Canada, the US, and the UAE. For a closer look at the model, see what a fractional CFO does, when a startup should hire one, and how much a fractional CFO costs.
Starting at $3,500/month
Starting at $5,000 per engagement
Starting at $10,000 retainer
Cash flow stays the number one startup killer. Convoy's outsourced CFO advisory sits on top of monthly accounting and cross-border tax and compliance, giving you real-time visibility on runway, burn, and treasury. Fewer surprises, a stronger position with banks and investors. Need on-the-ground support? See our fractional CFO services in Toronto and in Montreal.
A fractional CFO, sometimes called a part-time CFO, is an experienced finance executive who works with your company a few days a month, providing the strategic finance leadership of a full-time CFO (forecasting, fundraising, board reporting) at a fraction of the cost. It is the standard model for startups between seed and Series B.
For practical purposes, yes. Outsourced CFO, part-time CFO, virtual CFO, and fractional CFO all describe the same arrangement: an external finance executive who leads your finance function on a recurring schedule rather than joining payroll full time. Virtual CFO typically signals fully remote delivery; the scope of work is identical. At Convoy, every engagement is CPA-led and covers forecasting, board reporting, fundraising, and M&A support for startups across Canada, the US, and the UAE.
Our monthly CFO advisory starts at $3,500 per month, which typically covers budgeting, forecasting, and board reporting. Project-based work such as fundraising support starts at $5,000 per engagement and M&A advisory at a $10,000 retainer. A full-time startup CFO typically costs $250,000+ per year.
Common triggers: you are preparing to raise a priced round, investors are asking for monthly reporting you cannot produce, you are expanding into a second jurisdiction or entity, or the founder is spending more than a day a week on finance. If any of these apply, a fractional CFO usually pays for itself.
A bookkeeper records transactions and keeps your books current. A controller owns the monthly close and makes sure the numbers are accurate. A CFO sits above both: forecasting, fundraising, pricing, and board strategy. Most startups need all three layers, which is why our engagements combine CPA-led accounting with CFO advisory instead of selling them separately.
Most engagements run 2 to 6 days per month: a monthly close review, a board or investor reporting cycle, a forecasting session, and ad hoc support on deals, hiring plans, or banking. Intensity scales up around fundraising or M&A and back down afterwards, and you only pay for the level you need.
Yes. Alongside SaaS and tech startups, we support token projects and digital asset companies with treasury management, token launch finance, and crypto accounting. See our Crypto & Web3 Finance service for details.
Book a free consultation with a CPA who works with founders every day. We will map your accounting, tax, and CFO needs in one call.
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