Accounting & CFO for Fintech Startups
We specialize in helping growing Fintech startups with their financial operations.
Trusted by Hundreds of Startups:
Why Startups Need Specialized FinTech Accounting Services
Fintech startups often have more complicated revenue streams that vary depending on the product or service they offer. Common revenue streams include transaction fees, subscription fees, licensing and partnerships, interest income and more.
The complexity of these various revenue streams underscores the importance of accurate and more specialized financial services than traditional financial institutions offer so that both compliance and investor confidence may be maintained.
Some of the key things that industry-specific accounting services can help with include:
Navigating regulatory challenges: Fintech startups often handle sensitive customer data, meaning they must also meet strict cybersecurity and anti-money laundering requirements.
Managing complex revenue streams: From transaction fees to interest income, Fintech startups are often tasked with managing complex revenue streams, underscoring the need for industry-specific and accurate accounting practices.
Ensuring compliance with digital asset regulations: The IRS mandates that digital asset transactions must be reported – no matter whether they’re a gain or a loss.
Our Fintech Accounting Services
Graphite offers comprehensive accounting services for Fintech startups – from bookkeeping to payment process reconciliation. Here’s an overview of how Graphite’s services help meet the unique needs of Fintech startups and how they help contribute to their overall success and growth.
FinTech Bookkeeping
Good bookkeeping helps Fintech startups track financials, organize data, and make smarter business decisions.
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Investor Reporting & Fundraising Support
Graphite provides expert support for investor reporting and fundraising to drive Fintech startup growth.
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Fintech Tax Strategy & Optimization
Graphite manages tax deadlines and optimizes Fintech tax strategies to maximize deductions and credits.
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Fintech-Specific Revenue Recognition
Specialized revenue recognition practices tailored to Fintech startups’ unique and evolving revenue streams
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Tech Stack Implementation
We’ve built and integrated hundreds of scalable FinTech startup accounting tech stacks.
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Expense Detail Reports
We keep a tight eye on your expenses each month and flag any variances or oddities.
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Financial Modeling & Analysis
We provide robust financial reporting so FinTech founders & operators can focus on using data, not mining it.
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Tax Compliance
Fully managed income tax compliance & filing program where we manage all of your corporate income compliance tax deadlines.
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The New Wave of Startup Accounting
Why FinTech Startups Prefer Us
Simple: Our track record & talent. We are your long-term FinTech accounting partner, and the team we allocate to you will only be working with a handful of clients at a time, so they can be high-touch, embedded in your business, and feel like an in-house team. Below are the key reasons why startups prefer us.
Scalablity
You'll never need to work with another startup accounting firm again. We handle everything from bookkeeping to CFO to modeling to tax and more.
A Full Stack
Each startup gets a FinTech-focused accounting team (not just a single accountant) that matches their needs.
FinTech Focused
Our experience speaks for itself. 7+ years. 500+ startups.
Reporting
Startups receive robust and accurate SaaS specific financials each month.
Top Talent
Talent that has worked with hundreds of SaaS startups, at your fingertips.
Cost
A flexible, fractional & affordable engagement structure.
Other Firms
- Hourly pricing, large random bills
- Six months to get up to speed
- One accountant on many accounts
- Firm only handles bookkeeping
- Use whatever tools you use today
- Hourly pricing, large random bills
- Dedicated onboarding team for speed
- Dedicated team of accountants and CFO
- A one-stop-shop for accounting, CFO & tax
- Modern tech stacks and software
Answers to your questions
The main reasons startups choose to work with us are:
Our track record: We’ve helped countless startups grow from a few team members to hundreds of employees, and for many, we’ve scaled with them through their exits.
In-House Feel: With other firms, you’ll likely get a team from a service center that is working with 15 or 20 clients at a time. We are the opposite side of the spectrum. We are your long-term partner, and the US-based team we allocate to you will only be working with a handful of clients at a time, so they can be high-touch, embedded in your business, and feel like an in-house team.
Scalability: Hopping from accounting firm to accounting firm as you scale is not fun. That’s why startups prefer Graphite. We are a one-stop-shop. We handle everything (bookkeeping, operational accounting, CFO, FP&A, tax, etc.) and have yet to meet our match in terms of scale.
Robust Reporting: The clients that work with us receive some of the most insightful business reporting in the industry. Here is an example of our financial health dashboard that we set up for our clients. We help our operators keep a tight understanding of unit economics, growth and capital needs.
Top Talent: Our team members have worked with hundreds of startups, and have a wealth of knowledge about your specific industry.
For a quick quote, click here.
Our pricing structure is really simple and extremely fair…it has to be, as we focus on startups and growing companies. Because we are more of a long-term finance partner (which is what you want) compared to a short term “outsourced” bookkeeping firm, all of our engagements are custom.
Our engagements start at $1,250/mo and grow from there based on a startups goals and needs.
For a quick quote, click here.
Most of our clients come to us from a sub par experience with another firm, so we are used to facilitating and managing transitions. Along with your direct Graphite team, every client is also staffed with an onboarding manager who will be the one to manage the transition so you don’t have to.
Every client we work with is assigned a dedicated team, usually consisting of two to four team members. Of those team members, we will define a main point of contact. We love Slack, so if you use it, we can create a Slack instance and communicate there. We also will create an email alias so you can simply email one email address that will go to your entire Graphite team.
We are speaking with most of our clients on a regular basis. Some daily. Others have weekly or bi-weekly standing meetings. Think of it like this: However you would communicate with an internal finance team, that’s how we will communicate.
We do, yes! And we can quickly get you pricing. For a quick quote, click here.
In reality, the second you start developing your product and spending money is when you need to start keeping clean books. There are always inflection points (for example a company raising money and investors needing them to provide clean financials, or a bank requiring GAAP compliant financials in order to provide a loan) where you don’t want to be scrambling to get those things together.
Yes, you need to have some sort of cash flow (investment dollars, working capital or revenue) to pay for a service like ours, but the earlier you do so, the more money you will save in the long run and the cleaner your books will be in order to fundraise and progress your business.
Our financial planning & analysis (FP&A) support, aka Tier 2 in our service tiers, is a fully managed and always on FP&A service. On top of bookkeeping, we also handle building you a financial model and a financial health dashboard (demo here), and updating/maintaining that dashboard over time so we can provide you with full financial insights around your business.
We can also offer you a Fractional CFO to help with things like fundraising, M&A, and driving strategic initiatives.
Contact us here to speak with one of our CFOs.
Graphite works (and scales) with startups anywhere from a few founders working on their idea all the way to a growing startup with 100s of employees. We have yet to meet our match in terms of a company too large!
Our sweet spot is well capitalized startups who have found product market fit.
For most startups, you don’t need 40 hrs/wk of work from an internal finance hire or team, especially when you first hire them. Fractional work, like Graphite, provides a much more efficient approach, as you are only paying for the exact effort you need at that moment in time. You also don’t pay us for benefits, downtime or vacations, so our cost tends to be much more efficient than hiring an internal team member.
Our hubs are in New York and Florida, but our team is fully remote across the US working in all time zones.
Yes, we do handle sales tax! And we can quickly get you pricing. For a quick quote, click here.
Most companies work with Graphite for long periods of time, as our service is extremely scalable and cost-efficient. There are “bandaid” accounting services that are more so quick fixes for short periods of time, and then there is Graphite…one of the few long term partners. Most of our clients work with us for years and years, and we take many through their exits, M&As, etc.
We have an internal security team and take data security very seriously.
Yes! We are a “tech-focused” firm and recommend/setup all different types of tools and softwares to our clients. We have standard tools that we prefer and will recommend, but we can also mold to softwares you are using and prefer as well.
Meet your new startup accounting team
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Paul BiancoFounder, CEO
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Jocelyn WilsonCOO
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Chris MossaCSO
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Josh LeiderHead of Growth
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Lirjon FisnikuGrowth Manager
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Taylor PattersonGrowth Associate
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Sarah LeonardGrowth Marketer
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Michael SmithHead of Tax
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Ariel VigodnerTax, Senior Manager
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Ariton GuzeTax, Manager
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Raghav NavanathTax, Manager
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David RapoportHead of Finance