Le Chiffre
Montreal-based cloud accounting firm serving Quebec technology companies and professional services firms. Delivers Xero-based bookkeeping, fractional CFO advisory, tax credits, and digital transformation services to 392 clients via a 75-person CPA team.
- Company typePrivate
- Founded2013
- HeadquartersMontréal, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Le Chiffre does
Le Chiffre (legal entity: Groupe Le Chiffre Inc.) is a Montreal-based cloud accounting firm founded in 2013 by Jean Gabriel Crevier and Thomas-Louis Lafleur. The firm describes itself as Quebec's leading cloud accounting practice, with 75 colleagues serving 392 clients as of 2024, concentrated in two verticals: technology companies (SaaS, video game studios, software developers) and professional services firms (agencies, B2B consultancies). The offering spans four service layers — recurring cloud bookkeeping and GST/QST filings, fractional CFO and strategic advisory, tax preparation and SR&ED/CDAE/CTMM tax credit services (powered via KPMG), and digital transformation consulting — delivered on a 100% cloud-based remote delivery model.
The technology stack is Xero-centric: Le Chiffre is the largest Xero Platinum Partner in Quebec and the first Dext Premier Partner in Quebec since 2015, with complementary integrations to QuickBooks Online, Plooto, Expensify, Rotessa, Stripe, Chargebee, Recurly, Shopify, Harvest, Practice Ignition, Employeur D, Futrli, G-Accon, SharePoint, and Zapier. This integration layer enables automated bookkeeping, OCR-based receipt capture, subscription billing, e-commerce sync, and recurring revenue management, replacing the manual workflows common in legacy Quebec firms. No proprietary software or AI/ML models are disclosed.
Commercially, the firm operates a hybrid revenue model: recurring monthly subscriptions for bookkeeping and advisory, project-based engagements for fractional CFO and digital transformation, and fixed-fee annual engagements for tax, compilation, review, and audit work. Go-to-market is consultative and relationship-driven, anchored by a free 'Un café, une bière' discovery call, regional direct sales across Quebec, and referral alliances with Desjardins and SaasPasse. Customer logos include GSoft, Hexoskin, OatBox, Dontnod Studios, Heyday (acquired by Hootsuite), Expertus (IBM), and Castle Hall, alongside a long tail of SMB startups. In 2024, the firm activated a company-wide profit-sharing program distributing one-third of profits to employees and expanded team presence into the Philippines and Madagascar.
Le Chiffre firmographics
Firmographics- Name
- Le Chiffre
- Legal name
- Groupe Le Chiffre Inc.
- Website
- https://lechiffre.ca
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Montreal-based cloud accounting firm serving Quebec technology companies and professional services firms. Delivers Xero-based bookkeeping, fractional CFO advisory, tax credits, and digital transformation services to 392 clients via a 75-person CPA team.
- Ownership category
- akta.pro rank
Le Chiffre industry classification
Industry- Product category
- Cloud Accounting Services
- NAICS
- Other Scientific and Technical Consulting Services (54169), Computer Systems Design and Related Services (54151)
- SIC
- Services-Management Consulting Services (8742), Services-Management Services (8741)
- akta.pro primary industry
- Business Intelligence, Reporting & Visualization Services (BPAEAHAD)
Keywords
Where Le Chiffre is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Le Chiffre business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Accounting & Bookkeeping Services: Monthly financial updates, bookkeeping, GST/QST filing, expense accounting, vendor payments, financial controls
- Tax Services: Corporate tax returns, personal taxation, tax planning, SR&ED credits, CDAE credits, CTMM credits, tax structure optimization
- Strategic Advisory & CFO Services: Fractional CFO services, CFO strategic services, business strategy, financial modeling, working capital management, investor reporting
- Digital Transformation: Financial process design and implementation, system integration, training on accounting software and tools
- Payroll Services: Company payroll, taxable benefits calculation, DAS and CNESST remittances, payroll year-end processing
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Compilation Mission (Avis au lecteur) |
| Subscription | Annual | Examination Mission |
| Subscription | Annual | Audit |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Le Chiffre product offering
Product offeringCore offering
Le Chiffre is a Quebec-based cloud accounting firm that delivers monthly bookkeeping, financial statement preparation, GST/QST and corporate tax filings, payroll processing, tax credit claims (SR&ED, CDAE, CTMM), fractional CFO services, and digital transformation consulting, primarily to technology startups and professional services firms. Its service delivery is anchored on the Xero platform with an integrated ecosystem of Dext, Stripe, Chargebee, Recurly, Zapier, and other SaaS tools, enabling real-time remote collaboration with clients from pre-revenue through exit.
Product overview
Le Chiffre operates as a cloud-first accounting firm using Xero and QuickBooks Online as its core accounting infrastructure, supplemented by tools like DEXT for document automation, Plooto for payments, Expensify for expenses, Harvest for project tracking, and various billing platforms (Chargebee, Recurly, Stripe). The company offers a layered service model combining cloud accounting delivery with advisory services spanning digital transformation consulting, fractional CFO engagements, strategic financial guidance, and full operational finance management including bookkeeping, payroll, tax preparation, and specialized SR&ED/CDAE/CTMM tax credit services. Primary client segments are technology companies (SaaS, game studios, software developers) and professional services firms (agencies, B2B consultancies) across Quebec.
Differentiator
Problem solved
Functional benefit
Products and services
- Cloud Accounting Services
Quantifiable outcome
- Over $2M in subsidies claimed for clients in 2023
- +2 more outcomes
Companies that use Le Chiffre
Customer profileNamed customers14 records
Segments3 records
Ideal customer profiles3 records
Le Chiffre technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
Feature4 records
Le Chiffre partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and supporting.
- DextcoreFirst Dext partner in Quebec since 2015. Enables 100% digital and cloud accounting with OCR technology for receipt scanning and expense data extraction via mobile app and email.
- XerocoreMost important Xero partner in Quebec. Provides cloud accounting platform as foundation of service delivery. Specializes in migrations from Simple Comptable (SAGE 50), Acomba, Excel, Google Sheets, Avantage, and QuickBooks Desktop to Xero.
- DesjardinscoreJoint offering designed specifically for technology businesses. Provides financing for SaaS companies, discounts on certain products, and tailored financial and accounting services for Desjardins members who are tech entrepreneurs.
- KPMGsupportingPowered by KPMG for SR&ED (Scientific Research and Experimental Development) tax credits, CDAE (e-business development) credits, and CTMM (multimedia titles) credits processing.
- QuickBookssupportingSecondary cloud accounting platform partner (QBO - QuickBooks Online). Most widely used cloud accounting software in North America.
- ZapiersupportingConnectivity and automation integration partner for connecting financial and administrative processes through APIs.
- ShopifysupportingE-commerce platform integration for online businesses, enabling connected financial environment for Shopify merchants.
- StripesupportingAutomated money collection integration connecting Stripe payment processing to accounting software for automated accounts receivable.
- ChargebeesupportingRecurring revenue management integration for SaaS companies, enabling subscription billing management.
- RecurlysupportingRecurring revenue billing control for professional services firms with subscription models.
- HarvestsupportingProject time tracking and management integration for professional services firms.
- Practice IgnitionsupportingProposal software integration with billing and collection for professional services automation.
- SaasPassecoreStrategic ecosystem partner enabling expansion beyond Montreal. Partnership allowing Le Chiffre to serve startups in Quebec City area for first time.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Le Chiffre competitors and assessment
Company assessmentEmerging players
- Botkeeper: AI-driven bookkeeping automation platform with partner-accounting-firm model. Comparable on cloud-native accounting delivery and AI augmentation, though Botkeeper sells software to firms rather than operating as one.
Broad incumbents
- Xero: Global cloud accounting platform and Le Chiffre's primary technology partner (Platinum tier). Comparable as the foundational platform for cloud bookkeeping, with Xero's app ecosystem directly overlapping Le Chiffre's integrated tool stack.
Direct peers
- Bookkeeper360: US-based cloud accounting and advisory firm using Xero and QuickBooks Online. Comparable on cloud-platform-first delivery, fractional CFO services, and SMB/startup client base.
- Pilot.com: US-based cloud bookkeeping and fractional CFO firm serving startups and venture-backed companies. Direct peer on cloud-first delivery, tech-vertical focus, and fractional finance services for growth-stage companies.
- Kruze Consulting: US-based fractional CFO and accounting firm specializing in venture-backed startups. Direct peer on tech-startup focus, fractional CFO model, and pre-revenue-to-exit lifecycle coverage.
- Bench (by Hithhub): North American AI-enabled bookkeeping firm for small businesses and startups. Comparable on cloud-native service delivery, recurring monthly subscription model, and tech-enabled automation for SMB financial management.
- Outsourced CFO: Fractional CFO and accounting services firm focused on growth-stage companies. Comparable business model on fractional CFO engagements and recurring advisory relationships with tech and high-growth clients.
Regional players
- Crowe BGK: Montreal-based full-service accounting and tax advisory firm. Comparable Quebec professional services presence serving SMBs and growth companies, though traditional delivery model rather than cloud-native.
- Richter: Montreal-based accounting and advisory firm serving tech, life sciences, and real estate clients. Comparable as a Quebec-headquartered professional services firm serving tech entrepreneurs, though broader in scope and scale than Le Chiffre.
- Pourcents: Quebec-based cloud accounting firm for sports and entertainment businesses, referenced as a partner brand on Le Chiffre's website. Closely comparable Quebec market focus and cloud-first accounting approach, but operating in a distinct vertical.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Le Chiffre social profiles
Digital presenceLe Chiffre financial estimates
Financial estimateRevenue estimate
Valuation estimate
Le Chiffre leadership team
Management profileNumber of profiles
Profiles12 records
Le Chiffre funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Le Chiffre M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Le Chiffre
What does Le Chiffre do?
Le Chiffre is a Quebec-based cloud accounting firm that delivers monthly bookkeeping, financial statement preparation, GST/QST and corporate tax filings, payroll processing, tax credit claims (SR&ED, CDAE, CTMM), fractional CFO services, and digital transformation consulting, primarily to technology startups and professional services firms. Its service delivery is anchored on the Xero platform with an integrated ecosystem of Dext, Stripe, Chargebee, Recurly, Zapier, and other SaaS tools, enabling real-time remote collaboration with clients from pre-revenue through exit.
Is Le Chiffre a public or private company?
Le Chiffre is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Le Chiffre founded?
Le Chiffre was founded in 2013. It employs 11 to 50 people.
Where is Le Chiffre based?
Le Chiffre is headquartered in Montréal, Canada, in the North America region.
How does Le Chiffre make money?
Five revenue lines are on record. Accounting & Bookkeeping Services are the primary driver. The others are tax Services, strategic Advisory & CFO Services, digital Transformation and payroll Services.
Who are Le Chiffre's main competitors?
Botkeeper is listed as an emerging player. Xero is listed as a broad incumbent. Direct peers are Bookkeeper360, Pilot.com, Kruze Consulting, Bench (by Hithhub) and Outsourced CFO. Regional players are Crowe BGK, Richter and Pourcents.
Does Le Chiffre have an API?
No public API is recorded for Le Chiffre.
What industry is Le Chiffre in?
Le Chiffre's product category is Cloud Accounting Services. Its primary akta.pro industry code is BPAEAHAD, Business Intelligence, Reporting & Visualization Services. Its NAICS code is 54169 and its SIC code is 8742.