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Silverfin develops cloud-based software that transforms client data into actionable insights for accounting firms. The platform integrates live data, smart automation, and AI mapping to streamline financial reporting and compliance workflows, promoting accuracy and reducing manual errors. It provides a secure, centralized environment for managing client information and leveraging standardized templates.
The company was co-founded in 2013 by Tim Vandecasteele, who led product development. The foundational insight recognized the need for advanced digital tools to modernize traditional accounting practices, empowering firms to move beyond basic compliance and offer more strategic advisory services through data-driven approaches.
Silverfin’s product targets accounting professionals and firms globally. The company envisions a future where accountants are equipped with efficient, intuitive technology that simplifies complex financial processes. This enables them to deliver higher-value insights and advisory services to clients, fostering growth and strategic partnerships.
Silverfin has raised $35.0M across 2 funding rounds.
Silverfin has raised $35.0M in total across 2 funding rounds.
Silverfin is a cloud-based accounting platform that automates compliance workflows, integrates live client data, and leverages AI to enhance efficiency for accounting firms. It builds tools like automated working papers, accounts production, corporation tax modules, and AI-powered insights to streamline reporting, reduce errors, and enable advisory services[1][2]. Serving accounting firms facing talent shortages, regulatory pressures, and client demands for real-time insights, Silverfin solves data silos, manual processes, and outdated reporting by centralizing structured data from client systems into a single hub for fast, accurate workflows and portfolio-wide analysis[1][2][3]. Firms using it report up to 50% time savings on compliance, freeing resources for high-value advisory work amid growing private equity interest in digital accounting transformation[2][3].
Silverfin emerged as a response to inefficiencies in traditional accounting, evolving into a comprehensive cloud platform that connects live financial data from client bookkeeping systems to automate workflows like working papers, accounts production, and tax filings[1][2]. While specific founders are not detailed in available sources, the company has grown under leadership like UK General Manager Cameron Ford (also noted as COO), who emphasizes technology's role in addressing industry pressures such as talent shortages and regulatory demands[3]. Early traction came from leading firms adopting it for compliance automation and advisory tools, with pivotal advancements including the integration of AI-powered features like Silverfin Assistant for error detection and insights, positioning it as a key player in accounting's digital shift[1][2].
Silverfin rides the wave of AI-driven digital transformation in accounting, capitalizing on cloud adoption, automation, and data analytics to counter talent shortages, regulatory complexities, and client demands for proactive insights[3]. Timing is ideal amid surging private equity investments in the sector, viewing tech-enabled firms as low-risk growth plays, with market forces like evolving expectations pushing commoditization of compliance to elevate advisory services[3]. By centralizing live data and AI tools, Silverfin influences the ecosystem by enabling firms to scale efficiently, expand offerings, and compete globally, fostering a shift from manual drudgery to strategic value creation[1][2][3].
Silverfin is poised to expand its AI capabilities and integrations, targeting further compliance time reductions and advanced analytics to capture more market share in a PE-fueled accounting tech boom. Trends like deeper AI automation, real-time advisory platforms, and cloud scalability will propel its growth, potentially evolving it into a full-suite ecosystem hub. As firms prioritize digital tools for survival, Silverfin's connected accounting edge will amplify its role in making accountants more successful, unlocking long-term value in an efficiency-hungry industry.
Silverfin has raised $35.0M in total across 2 funding rounds.
Silverfin's investors include Index Ventures, INKEF Capital.
Silverfin has raised $35.0M across 2 funding rounds. Most recently, it raised $30.0M Series B in June 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2020 | $30.0M Series B | Index Ventures, INKEF Capital | |
| Mar 1, 2017 | $5.0M Series A | Index Ventures, INKEF Capital |