Adfin, the London fintech developing an agentic money-movement platform, announced an $18 million Series A round led by Index Ventures, bringing total funding to more than $30 million in under two years. The platform helps small and mid-sized UK businesses drastically reduce late payments using proprietary payment infrastructure combined with AI workflows.
- Series A funding led by Index Ventures boosts total financing past $30M
- Platform cuts late payment rates for clients to just 9%, versus 63% UK average
- Plans include end-to-end cashflow management and global expansion
What happened
Adfin, a London-based fintech creating agentic AI-powered finance workflows, raised $18 million in a Series A funding round led by Index Ventures. The investment round also included participation from Visionaries Club and new individual backers Stéphane Kurgan, former COO of King, and Andrey Khusid, founder of Miro. This latest funding brings Adfin’s total capital raised to over $30 million in less than two years.
The company’s platform integrates proprietary payment infrastructure with intelligent workflows that autonomously handle invoice chasing, reconciliation, and clearance for small and mid-sized businesses. As of now, Adfin supports over 1,500 businesses across various sectors including accounting, law, professional services, trades, and care.
Why it matters
Late payments remain a significant challenge for UK SMEs, with research highlighting that 63% of invoices are settled late. Adfin’s customers experience only a 9% late payment rate, nearly seven times better than the average, showcasing the effectiveness of its AI-driven agentic finance approach. This reduction in late payments frees up finance teams to focus on higher-value tasks instead of manual chasing.
Beyond invoice management, Adfin aims to evolve into a comprehensive cashflow management platform. By owning both the core financial infrastructure and agentic workflows, Adfin can offer finance teams the ability to deploy autonomous agents while maintaining full human control through transparent and auditable processes.
What to watch next
The new funding will accelerate Adfin’s roadmap to create broader cashflow management tools, expand its engineering and sales teams, and support plans for international growth. The founders’ deep background in payments infrastructure, including experience at companies acquired for billions, positions the fintech for continued innovation and scale.
Market observers and potential customers should monitor Adfin’s progress as it expands beyond invoice automation into end-to-end money movement management. Its combination of proprietary infrastructure and agentic AI workflows could set new standards for how finance teams optimize working capital and operational efficiency.