About Silverfin
Silverfin is a company based in Ghent (Belgium) founded in 2013 by Joris Van Der Gucht and Tim Vandecasteele.. Silverfin has raised $34.52 million across 2 funding rounds from investors including Hg, SmartFin and Index Ventures. Silverfin offers products and services including Working Papers, Financial Statements, Management Reports, and Tax Computations. Silverfin operates in a competitive market with competitors including PayPal, Zscaler, Chainalysis, Synchrony and New York Life Insurance, among others.
- Headquarter Ghent, Belgium
- Founders Joris Van Der Gucht, Tim Vandecasteele
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
$186.85 K (USD)18as on Mar 31, 2021
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EBITDA
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Total Equity Funding
$34.52 M (USD)
in 2 rounds
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Latest Funding Round
$30 M (USD), Series B
Jun 09, 2020
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Investors
Hg
& 2 more
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Employee Count
Employee Count
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Products & Services of Silverfin
Silverfin offers a comprehensive portfolio of products and services, including Working Papers, Financial Statements, Management Reports, and Tax Computations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Streamlines preparation and management of accounting working papers.
Enables fast and paperless financial statements preparation.
Automates quality reporting for monthly and annual needs.
Speeds up computations with automated reconciliations.
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Funding Insights of Silverfin
Silverfin has successfully raised a total of $34.52M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $30.0M
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First Round
First Round
(13 Mar 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series B - Silverfin | Valuation | Hg | |
| Mar, 2017 | Amount | Series A - Silverfin | Valuation | Index Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Silverfin
Silverfin has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Hg, SmartFin and Index Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments in Europe are managed by Hg.
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Founded Year | Domain | Location | |
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Growth-stage tech investments in Europe are managed by SmartFin.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Silverfin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Silverfin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Silverfin Comparisons
Competitors of Silverfin
Silverfin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PayPal, Zscaler, Chainalysis, Synchrony and New York Life Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Cybersecurity and zero trust solutions are delivered for secure networks.
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| domain | founded_year | HQ Location |
Blockchain data platform insights for cryptocurrency are delivered.
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| domain | founded_year | HQ Location |
Synchrony is engaged in providing credit cards and banking services.
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| domain | founded_year | HQ Location |
Mutual life insurance and asset management services are provided.
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| domain | founded_year | HQ Location |
Hybrid cloud infrastructure solutions are delivered for business management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Silverfin
Frequently Asked Questions about Silverfin
When was Silverfin founded?
Silverfin was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is Silverfin located?
Silverfin is headquartered in Ghent, Belgium. It is registered at Ghent, East Flanders, Belgium.
Who is the current CEO of Silverfin?
Joris Van Der Gucht is the current CEO of Silverfin. They have also founded this company.
Is Silverfin a funded company?
Silverfin is a funded company, having raised a total of $34.52M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.52M, raised on Mar 13, 2017.
What does Silverfin do?
Silverfin was founded in 2013 in Ghent, Belgium, within the accounting software sector. Cloud-based tools are provided for workflow automation and practice management. Information is extracted from bookkeeping and accounting systems, supported by a template library and a communication platform. Automated report creation, portfolio management, and data visualization are included among its features, serving businesses globally.
Who are the top competitors of Silverfin?
What products or services does Silverfin offer?
Silverfin offers Working Papers, Financial Statements, Management Reports, and Tax Computations.
Who are Silverfin's investors?
Silverfin has 3 investors. Key investors include Hg, SmartFin, and Index Ventures.
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