Hg is a leading investor in tax and accounting software
LONDON, June 9, 2020 /PRNewswire/ — Silverfin has announced a significant Series B investment led by Hg, Europe’s leading software investor and expert in the tax and accounting sector. The investment will be used to support the company’s expansion internationally as it responds to demand for its cloud service that consolidates real-time financial data, automates compliance reporting and improves financial planning. Silverfin was founded in 2013 in Ghent, Belgium and now has offices in London, Amsterdam and Copenhagen. The details and terms of the transaction have not been disclosed.
Joris Van Der Gucht, co-founder at Silverfin commented: “Our platform is the central nervous system thousands of businesses, and their accounting firms, rely on for efficient and effective financial management and decision making. We consolidate multiple financial data sources into one central data hub. Then we use that data to improve the speed, accuracy and quality of compliance with automation; and financial planning with our data analytics and reporting tools.”
He added: “Technology has been driving considerable innovation and change in finance and accounting. The past few weeks have shown how important this digital transformation is. Obviously there’s been a rapid move to remote working.