Silverfin
Acquired3 known investors
Belgian cloud accounting platform that unifies businesses' financial data, reporting and communication for accountancy firms.
Also known as Silverfin NV
Investors · 3
Company profile
researched Aug 2026Silverfin is a Ghent, Belgium-based provider of a connected, cloud-based accounting platform. The software consolidates financial data from a company's existing accounting and financial systems into a single real-time environment, replacing workflows that rely on fragmented legacy tools, spreadsheets and email. Data changes at the source propagate automatically across reports and budgets, giving accountancy firms a continuously current view of every client file rather than periodic updates.
The platform targets both accountancy firms and in-house finance departments. Positioned as a cloud platform for accountants, it is intended to raise the efficiency, competitiveness and profitability of compliance work while supporting the delivery of advisory services. The company was founded in 2013 by Joris Van Der Gucht and Tim Vandecasteele.
Founding story
Silverfin was founded in 2013 in Ghent, Belgium, by Joris Van Der Gucht and Tim Vandecasteele, who set out to address finance teams' and accountancy firms' dependence on disparate legacy financial software and Excel spreadsheets, which left organisations without real-time visibility into their financial data.
Business model
Silverfin sells its cloud accounting platform to accountancy firms and finance departments, which use it directly or on behalf of their clients' businesses.
Traction
More than 64,000 businesses were managing their finances on Silverfin, directly or through their accountancy firm, as of March 2017.
Latest developments
In October 2023 Silverfin became part of Visma; the acquisition, in which HgCapital sold the company, is dated 25 September 2023.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Investor Index Ventures characterised automated data collection and reconciliation as a transformative capability for the financial advisory, accounting and auditing sectors, and described Silverfin's integration and central reconciliation approach as an opportunity to set a standard for connected accounting. The company operates within the internet software and services sector and is now part of Visma, one of Europe's larger software providers.
Technology
The platform integrates with established accounting and financial software systems to centralise data collection and reconciliation. Because it links directly to source data, updates propagate simultaneously to all dependent reports and budgets, reducing manual import/export between accounting software, Excel and Word and the associated risk of human error.
Go-to-market
The company reaches end businesses both directly and indirectly through accountancy firms that run their clients' files on the platform.
Accountancy firms and corporate finance departments of varying sizes, along with the businesses they serve; early users included clients of Deloitte.
Geography
Headquartered in Ghent, Belgium, with international expansion beginning in the United Kingdom following the 2017 Series A. Its acquirer Visma is based in Oslo, Norway.
History
Founded in 2013 in Ghent, the company raised a $4.5m Series A led by Index Ventures in March 2017, at which point it had onboarded its 64,000th business and planned international expansion starting in the UK. In April 2022, following a search led by the co-founders, Lisa Miles-Heal was appointed CEO to bring global scaling experience to the business. Silverfin was subsequently owned by HgCapital and was acquired by Norwegian software group Visma, with the transaction dated 25 September 2023 and described as completing in October 2023.
Compiled by commissioned research from 4 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filingsVisma, the Oslo-based software group, acquired Silverfin from private equity firm HgCapital in an add-on acquisition; Silverfin became part of Visma in October 2023.
Lisa Miles-Heal became CEO of Silverfin following a search led by co-founders Joris Van Der Gucht and Tim Vandecasteele, who sought global leadership experience.
Series A round led by Index Ventures with participation from existing investors, to accelerate product development, expand the Belgian headquarters team and start building an international presence in the UK.
$4.5M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 4
primary sources listed
- Silverfin raises $4.5m to build real time hub for businesses’ financial data | Index Venturesindexventures.com · web
4 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Silverfin do?
- Belgian cloud accounting platform that unifies businesses' financial data, reporting and communication for accountancy firms.
- Who are Silverfin's investors?
- Silverfin's investors include Entourage Ventures, Index Ventures, SmartFin.