Adfin is tackling one of the most persistent problems in business finance: getting paid on time. Late payment is endemic among small and mid-sized businesses, and the manual chasing, reconciliation, and follow-up involved consumes enormous amounts of staff time. Adfin's answer is an AI-driven 'agentic money movement' platform that automates the full lifecycle of revenue collection, from issuing invoices to handling payments and reconciling cash.
The company reports striking operational results: only about 9% of invoices processed through Adfin are paid late, roughly seven times better than the 63% late-payment rate it cites for the UK overall. That improvement comes from AI agents that intelligently sequence reminders, offer frictionless payment options, and reconcile incoming funds automatically, removing the human bottleneck that lets receivables slip.
Adfin was founded in 2024 by payments veterans Tom Pope and Ciprian Diaconasu. Pope spent more than a decade building payment systems at Worldpay and at Tink, which Visa acquired for $2.2 billion. Diaconasu was a founding engineer at Mambu, the cloud banking platform that reached a $5.3 billion valuation and powers fintechs including N26 and Tide. That pedigree in payments infrastructure underpins Adfin's ambition to build reliable, automated money movement for everyday businesses.
The company serves over 1,500 businesses across the UK, including accounting and law firms as well as growing companies in professional services, trades, and care. With its Series A, Adfin plans to expand from collections into end-to-end cashflow management, step up hiring across engineering and sales, and prepare for international expansion.
In 2026 Adfin raised €15.3 million (about $18 million) in Series A funding led by Index Ventures, with participation from Visionaries Club and new angel investors including Stéphane Kurgan, former COO of King, and Andrey Khusid, founder of Miro. The round brought total funding to more than €25.5 million (around $30 million) in less than two years, signaling strong backing for its automated business-finance vision.