Ghent, Belgium-based accounting platform Silverfin has scooped up $4.5m in a Series A round.
Index Ventures led the investment with existing backers also participating.
The company’s real-time accounting platform aims to unify a business’ financial data, reporting and communications to move away from legacy software and Excel sheets.
Silverfin’s software integrates into existing accounting systems and counts more than 64,000 businesses on its platform including clients of accounting giant Deloitte.
Company co-founder Joris Van Der Gucht said: “With real-time precision data at their fingertips, Silverfin not only enables full-picture better-informed decision-making, but also empowers finance teams to shift focus from day-to-day operations to a far more proactive role as strategic advisors to the business.
“Ultimately, we’re building a central nervous system for financial advisory and services firms, paving the way for us to become the first real-time monitor of businesses’ financial data.”
The company will use the new capital to accelerate product development, expand the team at its Belgian headquarters and grow its international presence into the UK market.
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