Everything your fund's finance team should be doing. Handled.
Cassia CFO delivers a complete outsourced finance function for MCA operators — at a fixed monthly fee, with no hourly billing.
Our Services
A Complete Outsourced Finance Function
From bookkeeping and month-end close to full fund administration and fractional CFO oversight, Cassia CFO handles every layer of your fund's financial operations. We work exclusively with MCA fund operators — meaning our processes, reporting standards, and advisory expertise are purpose-built for your business model, not adapted from a generic accounting playbook.
Three clearly scoped engagement tiers allow you to choose the right level of support for your fund's size and complexity — with the ability to scale up as you grow. Every engagement is priced as a flat monthly retainer, scoped at the start, with no hourly billing and no surprise invoices.
Foundation
$4,500–$7,500/mo
For emerging funds under $20M AUM
Operator
$10,000–$20,000/mo
For established operators with active deployment
Institutional
$25,000+/mo
For operators managing $50M+ AUM or multiple funds
Tier 1
Foundation
$4,500 – $7,500 / month
Designed for emerging MCA funds under $20M AUM with a straightforward entity structure, Foundation gives you the financial infrastructure to operate cleanly and confidently from day one. This tier is the essential starting point — accurate books, a disciplined close process, and investor-ready capital account statements that establish your credibility with LPs.
Stop managing your finances in spreadsheets and start operating like a professional fund from the beginning. Foundation creates the foundation you'll build everything else on.
Monthly Bookkeeping + GL Management
Accurate, fund-grade general ledger maintained on a monthly basis.
Month-End Close
Disciplined close process with reconciliations and management review.
Basic Investor Capital Account Statements
Clear, professional statements ready for LP distribution.
Who This Is For
You're running a lean operation with a small LP base and capital under $20M. You need clean books and professional reporting — but you don't yet need the full weight of fund administration or senior CFO advisory.
What You Get
- Institutional-quality bookkeeping from day one
- A disciplined, repeatable month-end close
- Investor statements your LPs will trust
- A clear path to scale into the Operator tier
Tier 2
Operator
$10,000 – $20,000 / month — For established operators with 10–50 LPs and active deployment
The Operator tier is our most comprehensive offering for funds in active growth mode. With a live portfolio, a growing LP base, and increasing complexity in your capital structure, you need more than bookkeeping — you need a fully functioning finance department. Operator delivers exactly that: full fund administration, rigorous investor reporting, fractional CFO oversight, and forward-looking financial planning, all under one flat monthly retainer.
Operator Tier — Full Scope
What's Included in Operator
Full Fund Administration
NAV calculations, waterfall distributions, and capital account management performed with institutional-grade precision every month.
Monthly Investor Reporting
IRR by tranche, deployment pace metrics, and performance data your LPs expect — delivered on time, every month.
Fractional CFO Oversight
One board call per quarter with a senior Cassia CFO partner to advise on fund strategy, LP communications, and financial positioning.
Cash Flow Forecasting
Forward-looking cash models to help you manage deployment timing, distributions, and operational liquidity with confidence.
Quarterly Performance Summary
A polished, investor-grade performance summary delivered each quarter — ready to share directly with your LP base.
Annual Tax Filing Coordination
Seamless coordination with your tax counsel to ensure accurate K-1s, entity filings, and year-end close are completed on schedule.
Operator includes everything in Foundation, plus the full suite of fund administration, CFO advisory, and reporting services listed above.
Tier 3
Institutional
$25,000+ / month
For fund operators managing $50M+ AUM, running multiple entities or parallel funds, or operating with institutional LP expectations. At this level, you don't just need financial support — you need a senior financial partner embedded in your business.
Institutional provides unlimited CFO advisory access, monthly board engagement, multi-entity consolidation, and dedicated lender and LP relationship support — the full weight of an in-house finance function, without the overhead of building one.
Everything in Operator, plus:
Multi-Entity Consolidations
Consolidated financial reporting across multiple funds, SPVs, and operating entities.
Senior Fractional CFO — Unlimited Advisory
Unlimited access to a senior Cassia CFO partner, plus monthly board calls for ongoing strategic counsel.
Lender Relationship Support
Preparation of lender-ready reporting packages and direct support during credit facility negotiations and renewals.
LP Data Room Maintenance
A professionally maintained data room keeping investors informed and your fund audit-ready at all times.
Custom Reporting Package
Bespoke reporting tailored to your fund's specific LP agreements, board requirements, and regulatory obligations.
Tier Comparison at a Glance
Every engagement is a flat monthly retainer — scoped at the start, so you always know exactly what you're paying and what you're getting.
No Hourly Billing. No Surprises.
Every Cassia CFO engagement is scoped carefully at the start of the relationship. You know exactly what services are included, what your monthly fee is, and what outcomes you can expect. We don't run the clock. We don't expand scope without your approval. And we don't send invoices that require explanation.
Flat Monthly Retainer
One predictable fee covers the full scope of your engagement — no hourly rates, no variable billing.
Scoped at Engagement Start
Your scope is defined, documented, and agreed upon before we begin. Nothing is ambiguous.
Scale When You're Ready
Move between tiers as your fund grows. Scaling up is straightforward — just a conversation and a revised scope.
Built for MCA Operators
Why Fund Operators Choose Cassia CFO
Building an in-house finance team at a $10M–$100M MCA fund is expensive, slow, and often overkill. A junior bookkeeper can't close your books to institutional standards. A full-time CFO costs $250K+ per year. And a generalist accounting firm doesn't understand waterfall mechanics, IRR by tranche, or the LP reporting standards your investors expect.
Cassia CFO is different — purpose-built for MCA fund operators, staffed by professionals who understand your asset class, and priced in a way that makes institutional-quality finance accessible at every stage of growth.
MCA-Specialized Expertise
Our team understands the nuances of merchant cash advance fund accounting — from factor rates to portfolio aging to LP waterfall mechanics.
Institutional Standards
We bring the rigor of a Big Four firm to every engagement — without the Big Four price tag or the junior staff who've never seen an MCA deal.
Right-Sized for Your Stage
Whether you're at $5M or $100M AUM, there's a Cassia CFO tier that fits your operational complexity and budget without overbuilding too early.
Predictable, Transparent Pricing
Fixed retainers mean no billing surprises, no scope creep, and a clean line item in your operating budget every single month.
Ready to Delegate Your Finance Function?
The best-run MCA funds don't spend management bandwidth on bookkeeping, fund administration, and investor reporting. They delegate those functions to experts and focus on what generates returns: deal flow, underwriting, and portfolio management.
Cassia CFO is ready to step in as your complete outsourced finance team. Let's scope your engagement, define your deliverables, and get your financial operations running at institutional quality — starting this month.