+1%

est. 2Y upside i

FinTechSeries B

Rank

#2004

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Medium

Expected equity upside is modest (~1.2%) due to high valuation and competitive pressure.

Last updated: July 3, 2026

Bull (20%)+59%

Revenue grows 20% YoY and exit multiple expands to 7x due to IPO window and category leadership, yielding a $514M exit valuation.

Base (35%)+25%

Revenue grows 20% YoY and multiple converges to 5.5x, yielding a $404M exit valuation.

Bear (45%)-43%

Revenue growth disappoints and multiple compresses to 3x due to incumbent competition, yielding a $220M exit; after preference stack common recovers -42.6%.

Est. time to liquidity~4.0 years

Preference Stack Risk

moderate

Funding Intensity

68%

$34.5M preferred overhang represents 10.6% of current valuation.

Dilution Risk

low

No planned dilutive financing; company is revenue-generating and acquired by Visma.

Secondary Liquidity

none

No known secondary market activity.

Questions to Ask at the Interview

Strategic questions based on Silverfin's data — designed to show you've done your homework.

  • 1

    “How will Silverfin differentiate from incumbent full-suite competitors like Sage and IRIS?”

  • 2

    “What is the average contract value and churn rate for your subscription customers?”

  • 3

    “How does equity vesting and liquidity work given Visma's ownership structure?”

Community

Valuation Sentiment

Our model estimates +1% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.