About Finance & Accounting Tech sector in Belgium
The Finance & Accounting Tech sector in Belgium comprises 165 companies, including 42 funded companies having collectively raised $161M in venture capital money and private equity. Out of these, 22 are Series A+ funded.
Finance & Accounting Tech sector in Belgium has seen 16 acquisitions and 1 IPO. This represents almost 10.3% of all such companies - which is higher than the 5.3% exit rate of tech companies in general.
This sector includes tools or software for automating functions of finance and accounting department of an organization.
Finance & Accounting Tech sector is also known as F&A Tech or accounting tech.
All the software solutions helping companies manage their finance and accounting functions will be covered in the feed. This will include all the legacy software companies be it on-premise licensed or cloud-based software.
The outsourcing companies will be included only if they either have in-house proprietary software or marquee customers or heavily funded.
Financing companies will be covered only if they provide a software for one or more accounting functions.
Companies providing digitization of paper-based financial documents will be covered under enablers. Pure play services firm that offers accounting related services, Companies focused only on financing will not be covered. Companies providing solutions for any specific sector are not covered are excluded.
Top Finance & Accounting Tech Companies in Belgium
There are 165 Finance & Accounting Tech startups in Belgium which include Unifiedpost Group, Rydoo, MobileXpense, Easi, Silverfin. Out of these, 42 startups are funded, with 22 having secured Series A+ funding.
Over the past 10 years, an average of 6 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Harvard University, IIM Bangalore and London School of Economics and Political Science.
Here is the list of top Finance & Accounting Tech startups in Belgium
Invoice payment and acceptance solution for businesses. Enables invoice payment processing, paying and getting paid on time, multiple payments in one go, automated payment reminders, and more.
Key facts about Unifiedpost Group
2. Rydoo
AI & SaaS-driven expense management platform for businesses. The platform provides users with travel and expense management for companies and enterprises. It offers real-time expenses, travel expense management, and more. Their features include expense approval in real-time, digitization of paper receipts, data insights, mileage tracking, and online travel booking.
Key facts about Rydoo
- Founded Year: 2013
- Location: Mechelen (Belgium)
- Stage: Late Stage
- Investors: Marlin Equity Partners and 1 Other
- Latest Funding Round: PE, Sep 01, 2021, $*****
- Tracxn Score: 58/100 What is this?
- Competitors Rank: 1 of 20 Competitors
3. MobileXpense
MobileXpenses provides a cloud-based travel and expense management solution for businesses. Enterprises can plan & approve trips, enter expenses, get approvals and also analyze their expenses using the solution. Additional features include integration with travel partners (travel management companies, online booking tools, credit card providers, etc.) and compliance with local regulations.
Key facts about MobileXpense
- Founded Year: 2000
- Location: Brussels (Belgium)
- Stage: Acquired
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 25 of 517 Competitors
4. Easi
EASI offers an accounting, e-invoicing, and purchasing software for enterprises. A cloud-based accounting software system allows enterprises to manage their accounting processes using the Internet. Some of the features include e-invoicing, cash flow management, paperless accounting, workflow approvals, banking, and budgeting. It also provides enterprises with insight into the financial health of the business. The subscription charges vary from €390 per month depending on the number of features.
Key facts about Easi
- Founded Year: 1999
- Location: Nivelles (Belgium)
- Stage: Unfunded
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 11 of 396 Competitors
5. Silverfin
Cloud-based accounting workflow and practice management solutions for businesses. It features tools for extracting information from bookkeeping & accounting systems, a template library, a communication & collaboration platform, automated report creation, portfolio management, data visualization, and more.
Key facts about Silverfin
- Founded Year: 2013
- Location: Ghent (Belgium)
- Stage: Series B
- Total Funding till date: $34.5M
- Investors: Index Ventures, Hg and 2 Others
- Latest Funding Round: Series B, Jun 09, 2020, $*****
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 48 of 414 Competitors
Companies founded year-on-year in the Finance & Accounting Tech sector in Belgium
14 Finance & Accounting Tech startups in Belgium were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | - |
2024 | 1 |
2023 | 2 |
2022 | 6 |
2021 | 4 |
2020 | 14 |
2019 | 14 |
2018 | 11 |
2017 | 7 |
2016 | 9 |
Stage-wise distribution of Finance & Accounting Tech sector companies in Belgium
Out of the total 165 Finance & Accounting Tech companies in Belgium, 42 have secured funding. Among them, 22 have reached Series A or higher, and 20 to Series B or beyond.
Founded - 165
Funded - 42
Series A+ - 22
Series B+ - 20
Series C+ - 19
Company Stage | No. of companies |
|---|---|
Founded | 165 |
Funded | 42 |
Series A+ | 22 |
Series B+ | 20 |
Series C+ | 19 |
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Funding Trends in the Finance & Accounting Tech sector in Belgium
Total funding year-on-year in the Finance & Accounting Tech sector in Belgium
The Finance & Accounting Tech sector in Belgium saw a total funding of more than $144M in the last 10 years. The most amount of funding was in 2020 at more than $41.6M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $854K |
2024 | $5.22M |
2023 | $20K |
2022 | $7.29M |
2021 | $6.78M |
2020 | $41.6M |
2019 | $10.3M |
2018 | $38M |
2017 | $20M |
Recent Funding Rounds in Finance & Accounting Tech in Belgium
In the year 2025, till May 2025, Finance & Accounting Tech companies in Belgium have raised $854K in equity funding across 1 round.
Here are some recent, important funding rounds in Finance & Accounting Tech companies in Belgium:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3734 | May 27, 2025 | ||
Seed | 2082 | Sep 04, 2024 | ||
Seed | 8150 | Jun 24, 2024 | ||
PE | 8798 | Jun 19, 2024 | ||
Seed | 4272 | 2023 |
Top Investors in Finance & Accounting Tech in Belgium
European Union is the top investor in Finance & Accounting Tech companies in Belgium based on number of companies invested.
Here are some top investors in Finance & Accounting Tech companies in Belgium:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Brussels (Belgium) | ||
Sunnyvale (United States) | - | |
Singapore (Singapore) | - | |
Brussels (Belgium) | ||
London (United Kingdom) |
M&A activity in Finance & Accounting Tech sector in Belgium
In the year 2025, till November 2025, 1 acquisition happened in Finance & Accounting Tech sector in Belgium. Last year, in 2024, a total of 1 acquisition happened in Finance & Accounting Tech sector in Belgium.
Here are some recent, important acquisitions in Finance & Accounting Tech sector in Belgium:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 04, 2025 | ||
Business Acquisition | Apr 16, 2024 | ||
Business Acquisition | Apr 19, 2023 | ||
Business Acquisition | Dec 08, 2022 | ||
Business Acquisition | Aug 12, 2022 |
Acquisition trends in Finance & Accounting Tech sector in Belgium
Here are the acquisition trends in Finance & Accounting Tech sector in Belgium:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | - |
2024 | 1 |
2023 | 1 |
2022 | 3 |
2021 | 1 |
2020 | 5 |
2019 | - |
2018 | - |
2017 | 4 |
2016 | 1 |
IPOs in Finance & Accounting Tech in Belgium
In the year 2020, till September 2020, 2 IPOs happened in Finance & Accounting Tech sector in Belgium.
Here are some recent, important IPOs in Finance & Accounting Tech sector in Belgium:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 25, 2020 | Euronext Exchange (Euronext), Frankfurt Stock Exchange (FRA) | |
Sep 22, 2020 | Euronext Exchange (Euronext) |
Colleges which produce the most Finance & Accounting Tech companies in Belgium
Companies founded by alumni from top colleges in the Finance & Accounting Tech in Belgium
Most number of Finance & Accounting Tech startups in Belgium have been founded by alumni from Harvard University, IIM Bangalore and London School of Economics and Political Science.
College | No. of companies |
|---|---|
Harvard University | 1 |
IIM Bangalore | 1 |
London School of Economics and Political Science | 1 |
University of Oxford | 1 |
Total funding in Finance & Accounting Tech companies founded by alumni from top colleges in Belgium
In the last 10 years, University of Oxford graduates' Finance & Accounting Tech companies in Belgium have raised the most funding among top colleges. Harvard University and IIM Bangalore alumni are second.
College | Total Funding |
|---|---|
University of Oxford | $59.7M |
Harvard University | $12.9M |
IIM Bangalore | $12.9M |
London School of Economics and Political Science | $12.9M |
Top News in Finance & Accounting Tech in Belgium
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Banqup partners with Rentio to offer rental guarantee accountsGlobeNewswire•Sep 25, 2025•Banqup, Rentio
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Banqup Group reports 21% organic subscription revenue growth in H1 2025GlobeNewswire•Aug 26, 2025•Banqup
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Banqup Group and iPiD Partner to Strengthen Payment Security and Tackle Invoice FraudFintech Finance•Jul 02, 2025•Banqup, iPiD
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Unifiedpost shows significant growth in recurring digitalBusinessFortNight•Mar 06, 2023•Unifiedpost Group
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Unifiedpost and Munich Re Offer Flexible Financing for German SMEsFintech Finance•Jan 25, 2023•Unifiedpost Group, Munich Re, UnifiedPost
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Unifiedpost and French federation of accountants sustainably join forcesGlobeNewswire•Dec 22, 2022•Unifiedpost Group, Ecma-International
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Unifiedpost’s onboarding of new customers accelerates further in Q3GlobeNewswire•Nov 10, 2022•Unifiedpost Group
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Unifiedpost shows double-digit growth and addressable market expansionGlobeNewswire•Sep 16, 2022•Unifiedpost Group
