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Founded Year

2013

Stage

Acquired | Acquired

Total Raised

$34.5M

About Silverfin

Silverfin provides technology and tools for accountancy firms, operating in the financial technology sector. It offers a cloud platform that improves the efficiency, competitiveness, and profitability of compliance and reporting services, and also facilitates the development and delivery of new advisory services. The company primarily serves the financial advisory industry. It was founded in 2013 and is based in Gent-Ledeberg, Belgium. In September 2023, Silverfin was acquired by Visma. The term of the transaction were not disclosed.

Headquarters Location

Gaston Crommenlaan 12

Gent-Ledeberg, 9050,

Belgium

+32 (0)9 352 00 17

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Expert Collections containing Silverfin

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Silverfin is included in 3 Expert Collections, including Fintech 250.

F

Fintech 250

748 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

S

SMB Fintech

1,647 items

F

Fintech

12,418 items

Excludes US-based companies

Silverfin Patents

Silverfin has filed 1 patent.

The 3 most popular patent topics include:

  • Aerodynamics
  • Concrete
  • Fluid dynamics
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/23/2021

Fluid dynamics, Concrete, Whyte notation, Fluid mechanics, Aerodynamics

Application

Application Date

12/23/2021

Grant Date

Title

Related Topics

Fluid dynamics, Concrete, Whyte notation, Fluid mechanics, Aerodynamics

Status

Application

Latest Silverfin News

Visma reinforces position in Europe with acquisition of Silverfin

Sep 25, 2023

NewsnReleases The terms of the transaction have not been disclosed and completion is subject to closing conditions. HgCapital Trust plc (HGT), whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg’s investments. This transaction values HGT’s investment in Silverfin at approximately £18.8 million. This would represent an uplift of £3.1 million (20% or 0.7 pence per share) over the carrying value of £15.7 million in the Net Asset Value (NAV) of HGT at 31 August 2023. Silverfin is a cloud-native provider of post-accounting software including accounts preparation and related workflows. Founded in 2013 and headquartered in Ghent, Belgium, the company has a differentiated offering serving a strong base of international customers, including the Big 4. Silverfin’s platform enables accountants to improve efficiency, competitiveness and profitability in compliance and reporting services, and powers the development and delivery of new advisory services. Most of the company’s close to 850 direct customers are accounting offices, and the platform has nearly 320,000 end clients. The acquisition significantly increases Visma’s presence in the Belgian software market, and also reinforces the Group’s position as Europe’s cloud accounting software champion. “Silverfin gives accountants the technology and tools they need to be more successful, both for themselves and for their clients, making Silverfin a perfect match for Visma. We look forward to supporting and further accelerating their growth”, says Merete Hverven, CEO of Visma. “This is a huge milestone for Silverfin. Over the years we’ve been fortunate to have drawn interest from many organisations looking to partner with Silverfin. We’ve come to know Visma and aligned on a common vision on entrepreneurialism, technological innovation and customer focus. The Silverfin product will now be distributed to many more accountants”, say Tim Vandecasteele and Joris Van Der Gucht, Co-Founders at Silverfin. In the last four years alone, Silverfin has expanded to 15 countries whilst continuing to build a strategic position in the Benelux region. This accelerated growth has happened without compromising its highly innovative culture, pioneering the use of new technologies such as AI for post accountancy products, which have proven to be highly valuable to customers. “The transaction represents an incredible opportunity for the whole team at Silverfin. Visma is one of the biggest and most successful cloud software businesses in the world and we share a strong cultural fit. I look forward to us working together to lead the digitization of the accounting profession in Europe and beyond”, says Lisa Miles-Heal, CEO of Silverfin. Joris Van Gool, Partner at Hg and Thomas Depuydt, Partner at Smartfin said: “Hg and Smartfin are proud to have partnered with Tim, Joris, Lisa and the team, transforming the accounting profession across Europe. Congratulations to the whole Silverfin team.” Silverfin becomes Visma’s seventh acquisition in the Belgium business software market since first entering the country in 2020 with the purchase of Yuki. Since then, Belgian companies like Syneton, UseItGroup, ionProjects, TeamLeader and Beeple have also joined the Group.

Silverfin Frequently Asked Questions (FAQ)

  • When was Silverfin founded?

    Silverfin was founded in 2013.

  • Where is Silverfin's headquarters?

    Silverfin's headquarters is located at Gaston Crommenlaan 12, Gent-Ledeberg.

  • What is Silverfin's latest funding round?

    Silverfin's latest funding round is Acquired.

  • How much did Silverfin raise?

    Silverfin raised a total of $34.5M.

  • Who are the investors of Silverfin?

    Investors of Silverfin include Visma, Index Ventures, HgCapital, SmartFin Capital, ING Labs Brussels and 5 more.

  • Who are Silverfin's competitors?

    Competitors of Silverfin include Billtrust, AvidXchange, Canopy Tax, Invoice2go, Bench and 8 more.

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CB Insights puts confidence and clarity into your most strategic decisions.
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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
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