Adfin has raised $18 million in a Series A funding round led by existing investor Index Ventures.
Visionaries Club also participated in the round, alongside new angel investors Stéphane Kurgan and Miro founder and CEO Andrey Khusid.
The latest investment brings Adfin’s total funding to $30 million and follows the company’s $4.9 million seed round announced after emerging from stealth in July 2024.
Founded by CEO Tom Pope and CTO Ciprian Diaconasu, Adfin helps businesses improve cash flow through invoice management and payment infrastructure tools. The company partners with platforms including QuickBooks, Engager.app, Socket, and Xero to simplify bill payments for businesses and consumers.
According to Diaconasu, businesses using Adfin are seeing only 9% of invoices paid late, significantly below the UK average.
The new capital will support the rollout of Adfin’s agentic finance offering, designed to automate finance workflows such as getting paid, managing cash flow, and handling payment operations.
The company said its AI agents will initially power Adfin’s credit control solution, automating tasks including late fee calculations and personalized payment reminder sequences. Businesses will still be able to decide how much of the workflow they want to automate and can intervene at any stage.
“This is just the start,” the company said in a blog post announcing the funding. “Over time, the same approach will extend across more of the work finance teams do every day.”
