Adfin raises $18M Series A led by Index Ventures
▼ Summary
– London fintech Adfin raised $18 million in a Series A funding round.
– Total funding for the company now exceeds $30 million in less than two years.
– Visionaries Club returns, with Stéphane Kurgan (ex-King COO) and Miro founder Andrey Khusid joining.
– Adfin is building an agentic money-movement platform.
– Adfin’s customers experience late-payment rates 7 times lower than the UK SME average.
Adfin, a London-based fintech developing an agentic money-movement platform, has secured $18 million in Series A funding led by Index Ventures. The round also includes participation from Visionaries Club, with notable angel investors such as former King COO Stéphane Kurgan and Miro founder Andrey Khusid joining the cap table. This latest injection brings the company’s total funding to over $30 million in less than two years since its founding.
The startup focuses on automating financial operations for businesses, using AI agents to streamline payments and receivables. According to Adfin, its customers experience late-payment rates seven times lower than the average for UK small and medium enterprises. That statistic underscores the platform’s ability to address a persistent pain point for SMEs: slow or missed payments that choke cash flow.
Adfin’s approach combines intelligent automation with a user-friendly interface, aiming to replace manual invoicing and reconciliation processes. The company’s rapid fundraising trajectory reflects strong investor confidence in its technology and market opportunity. With fresh capital, Adfin plans to scale its engineering team, expand product capabilities, and deepen its presence in the UK market before eyeing international expansion.
The involvement of high-profile backers like Index Ventures and seasoned operators such as Kurgan and Khusid signals that Adfin is positioning itself as a serious contender in the increasingly competitive fintech landscape. As businesses continue to seek efficiency gains through automation, Adfin’s agentic platform could become a critical tool for improving financial health across the SME sector.
(Source: The Next Web)
