Flanks is a Spanish open wealth platform that provides data infrastructure for banks, financial advisory firms and wealth managers. Its technology aggregates, reconciles and enriches complex financial information, turning it into actionable insights for decision-making.
| Startup | Flanks |
| Sector | Fintech · Open wealth · Wealth management |
| Founded | 2019 · Spain |
| Stage | Series A · international expansion |
| TSCFO services | External CFO · ENISA funding |
| Main challenge | Moving from accounting data to a strategic financial view of the business |
| Solution | Financial model · KPIs · reporting · budget control · ENISA funding |
| Key result | €1M in ENISA funding granted in 2026 |
— 01 · STARTING POINT
Moving from accounting data to a strategic financial view
When we started working with Flanks, the challenge was to move beyond traditional accounting reporting and build a real financial view of the business.
The company needed to understand its KPIs, revenue evolution and growth drivers with precision. This was not just about defining metrics, but about structuring, validating and turning them into a useful tool for the management team.
In a context of growth and future funding rounds, it was also essential to build solid reporting to communicate with investors with clarity, consistency and credibility.
— 02 · WHAT WE DID
A financial model as the backbone of the business
At The Startup CFO, we worked alongside Flanks’ finance team to develop an integrated financial model, designed not only for reporting but also for better business management.
The model was integrated into budget control by area, allowing the management team to track internal performance, analyze deviations and make decisions with greater visibility.
As the company evolved, the level of detail also increased. We worked on the origin and quality of KPIs, monthly validation of revenue and contracts, and the breakdown of MRR by new clients, expansion and churn.
Financial model and reporting
Development of a robust financial model to centralize metrics, reporting and business tracking.
KPIs and revenue control
Monthly validation of revenue, contracts and MRR, including new clients, expansion and churn.
Product-level analysis
Breakdown of the P&L by product to analyze margins, team allocation and profitability.
— 03 · FUNDING
ENISA funding to support growth
In parallel with the CFO work, we supported Flanks throughout the ENISA funding process, coordinating the work between the funding team, the CFO team and the company’s internal team.
The prior preparation, quality of financial information and fluent communication between teams made it possible to structure the process efficiently and secure €1M in ENISA funding in 2026.
— 04 · RESULTS
A more strategic finance function
1M€ ENISA
ENISA funding granted in 2026
Strategic reporting
KPIs and model for management and investors
Product-level view
Margins and profitability by business line
The collaboration with Flanks helped professionalize the finance function and turn reporting into a strategic tool for the management team. The work was not just about organizing data, but about building a structure capable of better explaining the business.
This case shows how, in a growing fintech company, the finance function can become a key lever for scaling with discipline. When KPIs, the financial model and funding are aligned, the company gains visibility, credibility and a stronger ability to make better decisions.
