Amman-based financial advisory firm Khaled AlBanna Consulting Bureau (KBCB) has concluded its participation in the third cohort of the Investment Readiness Bootcamp for Circular Economy in Jordan. Delivered by founder Khaled AlBanna, the session “Mastering Startup Financials: Foundations of Fiscal Responsibility” provided local founders with the technical frameworks necessary to transition from high-potential ideas to investment-ready ventures. The initiative, organized by Beyond Capital in partnership with the King Hussein Foundation, underscores the growing demand for fractional CFO services in Jordan’s evolving startup landscape.
Building Fiscal Foundations for Scalable Ventures
The collaboration centers on the reality that while MENA-based startups often possess innovative solutions, they frequently face hurdles during due diligence due to a lack of financial maturity. KBCB’s contribution to the bootcamp focused on moving beyond the pitch deck to establish rigorous internal controls. The curriculum emphasized that investment readiness is fundamentally tied to a company’s ability to demonstrate financial clarity through reliable modeling and data-driven strategic planning.
Key focus areas of the training included:
- Cash Runway Management: Strategies for optimizing capital efficiency to extend operational life.
- Governance and Reporting: Implementing institutional-grade structures to satisfy investor requirements.
- Financial Maturity: Transitioning from basic bookkeeping to forward-looking financial forecasting.
The Role of Fractional CFOs in the Jordanian Ecosystem
The partnership highlights a rising trend in the Jordanian market: the adoption of “CFO as a Service.” For early and growth-stage startups, hiring a full-time Chief Financial Officer is often cost-prohibitive. KBCB fills this gap by providing fractional expertise, allowing founders to access high-level strategic financial guidance on a part-time basis. This model is becoming increasingly vital as Jordan seeks to position itself as a hub for sustainable and circular economy businesses, which require complex financial structures to manage resource-efficient operations.
Beyond Capital, which is backed by a $13 million seed fund and a partnership between Endeavor Jordan and Silicon Badia, serves as the bridge for these startups. By facilitating sessions with experts like AlBanna, the organization aims to de-risk investments for the local and regional VC community by ensuring that the ventures they support have a professionalized financial backbone.
Strengthening the Circular Economy
The Investment Readiness Bootcamp, funded by RDPP III through the Embassy of Denmark in Beirut, specifically targets the circular economy—a sector focused on eliminating waste and the continual use of resources. In the context of Jordan, where resource management is a national priority, the financial sustainability of these startups is critical. KBCB’s involvement ensures that these environmentally conscious businesses are also economically viable, making them more attractive to impact investors and traditional venture capitalists alike.
About Khaled AlBanna Consulting Bureau (KBCB)
Khaled AlBanna Consulting Bureau (KBCB) is a specialized financial consultancy based in Amman, Jordan, providing Virtual, Part-time, and Fractional CFO services. The firm assists startups, SMEs, and growth-stage companies in establishing strong financial foundations, mastering investment readiness, and implementing data-driven decision-making processes. KBCB acts as a professional business enabler, helping founders navigate the complexities of financial modeling, governance, and capital raising across the MENA region.
Source: LinkedIn
