Belgian fintech startup Silverfin has raised a Collection B spherical of $30 million, based on De Tijd. The spherical was led by Hg Capital with participation from Index Ventures and SmartFin Ventures.
The cloud-based monetary planning software program consolidates a number of knowledge sources into one hub, in order that finance and accounting groups can automate the executive duties and give attention to evaluation and technique.
“We’ve made the core reporting work they do simpler however we’ve additionally made it simpler to present the recommendation their companies actually need, notably now, like monetary modelling, threat monitoring, benchmarking and situation planning,” says Joris Van Der Gucht, one of many co-founders.
Based in Ghent in 2013, the startup has over 650 prospects in 11 nations and plans to proceed its international growth.
Commenting on the spherical, co-founder Tim Vandecasteele stated: “This investment from Hg will help us to accelerate our product development and provide us with invaluable insight into future developments in accounting we can capitalise on. Their considerable international experience in the accountancy sector, and understanding of technology, makes them the perfect partner for us as we begin the next phase in our international growth.”
Silverfin is Hg’s fourteenth funding within the accounting sector over the past 15 years, with a complete of round €1.eight billion of invested capital on this sector alone, based on a press launch.