“The decision to establish a new office in Luxembourg is a strategic move to strengthen Silverfin’s presence in the European market and better cater to its diverse client base,” says Silverfin in a press release dated 9 August. That client base currently amounts to almost 850 accountancy firms spread across 14 countries.
“The expansion will enable the company to extend its financial, tax and legal services to multiple industry players, and better serve our existing customers in Luxembourg, among which are renowned Big Four firms, mid-tier players, and local boutique accounting firms,” says the statement.
CEO Lisa Miles-Heal expresses enthusiasm about the new office, Silverfin’s fourth. “I am incredibly excited,” she says, adding: “Luxembourg’s strategic location and thriving business environment perfectly align with our ambitious growth objectives, making it an ideal destination for our next chapter of success.”
“This expansion is a critical milestone,” adds Bassam Alaoui, the company’s regional manager for Luxembourg. Echoing his colleague’s enthusiasm, he adds: “I can’t wait to witness the flourishing partnerships we will forge in the local market.”
Silverfin describes itself as an “innovative post-accounting platform.” Founded by an accountant and a software architect, it seeks to improve the day-to-day life of accountants via new technologies.
“We call this the era of connected accounting,” says cofounder Joris Van Der Gucht on the company website.
He explains: “Accounting is in the middle of a major shift in purpose, services and business model. Technology is playing a foundational role in supporting firms as they change and look to turn transformation into business opportunity.”
To that end, the platform hosts data--which it takes directly from an accounting system--on a cloud-structured data hub. It standardises templates and automates accounting workflows, using its data hub “to make compliance simple, fast and accurate.”
Silverfin has 200 dedicated employees and looks forward to “fostering collaboration” through its new office in Luxembourg.