Belgian fintech Chift has raised 10.5 million euros in a Series A led by BlackFin Capital Partners to expand a connectivity layer linking Europe's fragmented accounting and finance software, a round that matters broadly because it addresses the disconnected national financial systems that have slowed cross-border software growth, and matters specifically to accountancy professionals because Chift explicitly targets the 174 billion euro European accounting services sector it describes as still largely manual, reaching businesses through the software providers, accountants and partners they already use. Existing investors also participated.

Chift is a Brussels-based financial data connectivity platform founded in 2022 by Gauthier Henroz, Henry Hertoghe and Matthieu Hertoghe, providing a single integration linking software providers to more than 120 financial systems, used by over 150 software businesses including Sage, Revolut, Qonto, Pennylane and Mollie to reach more than 50,000 companies across 13 countries.

BlackFin Capital Partners is a Paris-headquartered private equity and venture capital firm founded in 2009, managing more than 4 billion euros focused exclusively on European financial services and fintech investments.

Chift chief executive Gauthier Henroz said "interoperability is becoming the defining problem of European SMB finance," pointing to fragmentation across 27 national systems as the barrier the company was built to remove.

Two regulatory and technical shifts sit behind that framing. E-invoicing mandates rolling out across Europe, including Ireland's own phased requirements from 2028, will push every VAT-registered business onto structured digital reporting by 2030, while AI agents built for accounting work only function when they can reach connected, reliable financial data.

The commercial traction behind the round is significant: Chift's revenue has grown more than tenfold since a 2.3 million euro seed round in 2024, and the company now targets roughly 30 million European and UK SMEs alongside the accounting services sector it says remains largely manual.

For practices managing clients across multiple disconnected software systems, that connectivity infrastructure reduces the custom integration work needed to move data between accounting platforms, invoicing tools and banking systems for each client.

For the sector, continued investment in cross-border financial connectivity signals that the manual reconciliation burden accountants absorb today is increasingly targeted as infrastructure, not left to individual practices or software vendors to solve alone.

Source: FinTech Global / Crowdfund Insider / Revenue.ie