Startup financial model review

Pressure-test your model before investors do

An independent review of your existing financial model to challenge the assumptions, operating logic, and financial story before fundraising or investor discussions.

€1,200 Fixed review price
5 days Business-day delivery
45 min 1:1 review debrief
Founder-led Senior financial review
Why model reviews matter 01 / Review rationale

A complete model isn't necessarily an investor-ready model.

Most financial models don't fail because of formatting or formulas. Investors push deeper: are the assumptions reasonable, is the growth plan credible, and do the numbers reflect how the business will actually be built?

01

Revenue & growth

Is the growth plan credible?

Stage · Market · GTM · Pricing · Acquisition · Retention

02

Costs & margins

Do the economics scale logically?

COGS · Operating costs · Gross margin · Scalability

03

Operating plan & headcount

Does the operating plan support the strategy?

Hiring · Sales capacity · Delivery · Product · Scale

04

Cash & fundraising

Does the capital plan fund the right milestones?

Burn · Runway · Raise size · Milestones · Next round

What you receive 02 / Engagement output

A focused review with clear, actionable output.

The engagement produces a documented assessment, a prioritized set of actions, and a direct discussion of the findings before your next investor conversation.

01
Written assessment

Investor Readiness Memo

Assessment of the model's logic, assumptions, growth expectations, operating plan, financial consistency, and the issues most likely to attract investor scrutiny.

02
Decision support

Prioritized Action List

Recommendations ranked by importance, separating issues to address before fundraising from secondary improvements.

03
Direct discussion

45-Minute Debrief

A 1:1 discussion with Lior covering what to fix, what may need further support, and how to explain or defend key assumptions.

Fixed fee €1,200 No hourly billing
Delivery 5 business days From complete submission
Debrief 45 minutes 1:1 review discussion
Beyond automated model review 03 / Senior review

AI can inspect the model.
Finro evaluates whether it holds up.

Automated tools are useful for reviewing mechanics, stated inputs, and obvious inconsistencies. A senior review adds commercial context, operating judgment, and an investor perspective to the analysis.

Automated review
Useful for inspecting what is already in the spreadsheet.
Finro senior review Founder-led
Tests the financial plan against the business behind it.
01

Model mechanics

Formulas, links, spreadsheet structure, and internal consistency.

02

Stated inputs

Reviews the assumptions, values, and relationships already entered into the model.

03

Diagnostics

Identifies unusual values, missing information, structural gaps, and potential inconsistencies.

01

Commercial assumptions

Tests whether growth, pricing, customer acquisition, retention, and revenue assumptions are reasonable for the company's stage and go-to-market strategy.

02

Operating logic

Assesses whether hiring, delivery capacity, costs, margins, and operating requirements develop realistically as the company scales.

03

Strategic alignment

Evaluates whether the financial model reflects how the founder intends to build, sell, finance, and scale the business.

04

Investor scrutiny

Identifies the assumptions, gaps, and inconsistencies most likely to trigger investor questions and prioritizes what should be addressed before fundraising.

The distinction

Automated review can identify issues in the model. Finro's role is to determine which issues matter, challenge the assumptions behind them, and assess whether the financial story can be defended.

Review emphasis Judgment · Context · Prioritization
Client evidence 04 / Experience

Financial work that can stand up to scrutiny.

Finro works with technology founders and investors on financial models, valuations, and due diligence where the assumptions need to be understood, challenged, and defended.

~20 years Lior's tech finance experience
200+ Tech companies supported
$1.4B+ Transactions supported
15+ Countries
From client engagements

The value of a senior financial review is not simply finding issues. It is knowing which questions to ask, which assumptions to challenge, and what needs to be defensible.

02
Capt. Michael Sperling Co-Founder & CEO · Spaceling
Seed fundraising

“I would highly recommend him and ‘Finro’ to anyone who needs an expert’s safe pair of hands, to professionally scrutinise their concept and financial model.”

03
Miklos Vidak Founder · WAAS
Series A · Financial modeling

“The result is a robust, investor-proof model that truly reflects how our business operates and grows.”

How it works 05 / Review process

From checkout to findings in four clear steps.

The review is designed as a defined engagement with no sales process before it begins. Book online, submit the model and context, and Finro takes it from there.

Start 01 / Checkout

Book your review

Complete the secure €1,200 Stripe checkout. After payment, you'll be taken directly to Finro's review intake form.

Immediately after payment 02 / Intake

Submit your model

Complete the intake with your financial model, company context, fundraising plans, and any specific areas you want reviewed.

5 business days 03 / Review

Finro reviews it

The review begins once the completed intake and financial model are received. Your model is reviewed personally by Lior.

Founder-led review
Findings + 45 min 04 / Findings

Review the findings

Receive the Investor Readiness Memo and prioritized recommendations, followed by a 45-minute 1:1 debrief to discuss the findings.

Ready to begin?

Payment starts the onboarding process immediately. You'll be redirected to the intake form as soon as checkout is complete.

Book Your Review

The five-business-day delivery period starts once both the completed intake and financial model have been received.

Engagement scope 06 / Scope & fit

Know exactly what the review covers.

This is a focused review of an existing startup financial model. The scope is defined upfront so you know what Finro will assess, what you will receive, and where a broader engagement may be needed.

Financial Model Review · Defined Scope €1,200 fixed engagement
Included in the review
01
Model & intake review Review of the submitted model and business context.
02
Revenue & growth Growth, pricing, acquisition, retention, and revenue logic.
03
Costs & margins Cost structure, gross margins, and scalability assumptions.
04
Operating plan Headcount, operating requirements, and capacity assumptions.
05
Cash & fundraising Burn, runway, capital requirements, and fundraising logic.
06
Valuation logic Assessment where valuation assumptions already exist in the model.
07
Investor-facing risks Gaps and inconsistencies likely to attract investor scrutiny.
08
Findings & debrief Written assessment, prioritized actions, and 45-minute debrief.
Outside this engagement
— Building or rebuilding the financial model
— Editing formulas or implementing spreadsheet changes
— Creating missing projections, scenarios, or sensitivities
— Accounting, audit, tax, or legal work
— Formal company valuation or valuation report
— Ongoing implementation after the review and debrief
Frequently asked questions 07 / Before you book

Questions to answer before you book.

The engagement is deliberately narrow and clearly defined. Here are the practical details founders most often need to know before submitting a financial model for review.

01 What type of financial model can I submit?

You can submit an existing startup financial model built in Excel or Google Sheets. The model should already contain the projections and assumptions you want reviewed. This service assesses an existing model rather than building missing projections from scratch.

02 Can AI review my startup financial model?

Yes. AI tools can be useful for checking model mechanics, identifying inconsistencies, and analyzing stated assumptions. Finro's review adds senior financial judgment, commercial context, prioritization, and an investor perspective to assess whether the financial plan is credible and defensible.

03 What happens after I book and pay for the review?

After completing the €1,200 Stripe checkout, you are redirected directly to Finro's review intake form. There you submit your financial model, company context, fundraising plans, and any specific areas you want reviewed.

04 When does the five-business-day timeline begin?

The five-business-day review period begins once Finro has received both your completed intake form and the financial model to be reviewed. This ensures the review starts with the information and context required to assess the model properly.

05 Will Finro edit or rebuild my financial model?

No. The engagement is an independent assessment of your existing model. Finro does not edit formulas, rebuild the spreadsheet, or implement the recommended changes as part of the €1,200 review. Additional financial modeling work can be scoped separately if needed.

06 Does the review include a startup valuation?

The review can assess valuation assumptions and logic that already exist within your financial model. It does not include an independent company valuation, valuation analysis, or formal valuation report. Those services can be scoped separately.

07 What happens during the 45-minute debrief?

The 1:1 debrief with Lior focuses on the findings from the review: what should be addressed first, which assumptions may attract investor questions, and how important assumptions or financial decisions may need to be explained and defended.

08 What if I need additional financial modeling work?

If the review identifies areas that require rebuilding, additional projections, scenarios, valuation work, or other implementation support, Finro can scope that work separately. No additional work or fees begin automatically.

Financial Model Review Ready when you are

Find the questions before investors do.

Get an independent review of your existing startup financial model, with a written assessment, prioritized recommendations, and a 45-minute debrief focused on the assumptions and issues that matter.

Fixed review price €1,200 Fixed fee · No hourly billing
Delivery 5 business days from complete submission
Review Personally reviewed by Lior
Debrief 45-minute 1:1 discussion