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Democratizing Financial Model Building for Small Businesses with Feo Finance: Andreas Feofanov on His Revolutionary Startup

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Let’s face it: business planning is a painstaking process, especially if you’re just starting out as an entrepreneur. Calculating the payback period, forecasting profits, figuring out the necessary investments – all these numbers are essential to your understanding of business growth. Yet, the challenge of the financial model building may become a major roadblock. As a business, you either need to build your financial model the old-fashioned way via manual Excel data entry or outsource the task to consulting firms for an impressive fee.

Andreas Feofanov and his team set out to change the game and automate financial modeling with their platform Feo. Andreas developed a unique tool that allows users to build accurate business models within minutes with the help of special templates, completely eliminating the need for an intermediary agent. His mission is to make financial modeling accessible, affordable, and efficient for anyone who wants to start and grow a business.

What’s Wrong with Today’s Financial Modeling Services?

Creating a business model is not so much a skill as it is a technology. After all, it requires analyzing vast amounts of data and yielding predictive results based on complex formulas. Sounds complicated, right? To build a model manually, you would need expertise in finance, advanced Excel skills, and a good grip on financial statement analytics – and that’s for starters.

That’s why most business owners would rather trust business consulting firms with financial model building. Indeed, this decision seems logical – their strategic expertise is a huge aid in developing a solid business plan.

But here’s something no consulting firm would want you to know. In the absolute majority of cases, specialists use a set of pre-built formulas and models and adjust them to a given project or business. In other words, they can use ready-made templates to calculate a business plan no matter the size or niche they do it for. One business model template can be replicated for multiple clients, giving legit, reliable results. Yet, this process is marketed as a complex, time-consuming procedure. Add to that paying for the brand name, especially if you solicit the services of major consulting firms. The result is, you overpay a great amount of money to get a financial model that can be built quickly with the right automation tool.

How Feo Is Democratizing Business Model Building with Automation

As a financial expert with more than a decade of experience in the field, Andreas Feofanov knows everything there is to know about business models – he builds them himself. Andreas had long been aware of the problem of accessibility of financial modeling to micro and small businesses. And one day, he realized a simple yet revealing fact: all business models are similar. Whether you want to open a bar or start an online shopping brand, the same variables will be at play when it comes to calculating taxes or predicting profitability.

That’s when it struck me: by using standardized formulas, I could help people take advantage of accurate business model templates without the fuss of outsourcing the whole process to a third party,” shares Andreas.

Andreas decided to realize his idea as a SaaS that would use special templates for calculating a business plan by entering their data into the system. “Think of this as a process similar to creating a website on, say, Tilda or Wix. You set up your business type and provide your data (available budget, number of employees, revenues, and other parameters). The system does the rest for you. You’ll instantly get a financial model that tells you how profitable your business is. The whole process is automated, accurate, and secure” explains Feofanov.

Andreas underlines that Feo is not seeking to push consulting enterprises out of the market. The software is not a replacement for such comprehensive services but rather a simpler, more agile solution targeted at smaller businesses and startups. The minimalistic, user-friendly interface combined with valuable business insights makes Feo a perfect choice for those who want to get a quality output while saving time and resources.

Indeed, Feo is a fast and slick solution that requires minimum effort on the part of a user. The SaaS works on a subscription plan basis and allows you to choose a plan that suits your unique business needs.

The visual aspect of the service is also on-point. The system wraps a financial model example into a presentation with charts, tables, and graphs that illustrate the insights generated by the algorithms. You can download the business model as a PDF or share it via email and other channels.

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Andreas emphasizes that the company takes user data protection very seriously.As a German brand, we host all of our service in a data center in Germany (a location with impeccable data safety record) and those countries where our clients reside. Besides, all the data our users enter into the system is only processed in an encrypted mode. No one can get access to sensitive data and documentation on our clients’ businesses.

The Future of Feo and Business Model Building Automation

Andreas and his team are determined to pursue both intensive and extensive growth initiatives. For instance, Andreas plans to introduce the management accounting feature. It will assist businesses in controlling their operations in real time. On top of that, users will be able to leverage report templates to generate timely business reports.

To go the extra mile for the service users, Andreas is developing another actionable feature for Feo. The service will generate all the necessary documents for potential investors or a bank in case a business owner considers taking out a loan.

Naturally, the Feo team also wants to explore the international market and gain a global presence as a reliable business SaaS:

The beauty of business model templates is that they’re universally applicable. After all, the economy works the same way no matter where you are. And it’s convenient to scale the solution based on time-tested mathematical models. That’s why we’re sure that our solution will find well beyond the German- and English-speaking countries where we are present at the moment.


Kossi Adzo is the editor and author of He is software engineer. Innovation, Businesses and companies are his passion. He filled several patents in IT & Communication technologies. He manages the technical operations at

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