Adfin Raises $18M to Automate Revenue Collection with AI

Jan de Vries · 2026-05-12

Adfin, a London-based FinTech startup that's building what they call the "agentic money movement platform" for businesses, just raised $18 million in Series A funding. That's about $18 million in USD, for those keeping score at home. The money will go toward expanding their product into end-to-end cashflow management, ramping up hiring in engineering and sales, and preparing for international expansion. ### The Funding Round The round was led by Index Ventures, with help from Visionaries Club and new investors like Stephane Kurgan (former COO of King) and Andrey Khusid (founder of Miro). This brings Adfin's total funding to over $30 million in less than two years. That's a lot of confidence in a company that's barely been around. ### What Adfin Actually Does Tom Pope, Adfin's co-founder and CEO, puts it this way: "Adfin is building the agentic finance platform for money movement: automating the workflows finance teams use to get paid, manage their money, and, in time, much more. And we're doing it the way our customers keep telling us they want: safe, auditable, trackable, with humans firmly in control." In simpler terms, they're helping businesses get paid faster. Founded in 2024 by Pope and Ciprian Diaconasu, Adfin claims to be the first platform built from scratch specifically for invoice payments. It lets businesses get paid faster and at lower cost, across all payment methods and communication channels. ### The Late Payment Problem Here's the thing: in the UK alone, almost two-thirds (63%) of invoices sent by small and medium-sized businesses are paid late. That's a huge problem. It strains working capital, slows growth, and puts jobs at risk. Adfin aims to fix that. Adfin combines proprietary new payment infrastructure with agentic AI to decide the best course of action for each client. It automates the tedious tasks that were preventing businesses from doing what they do best: managing client relationships. ### Results That Speak The company reports impressive results. Currently, only 9% of their customers' invoices are paid late. That's nearly seven times better than the 63% rate across the UK. They now serve over 1,500 businesses across the UK, including accounting firms, law firms, and growing companies in professional services, trades, and care. Julia Andre, a Partner at Index Ventures, said, "Index backs founders who have the rare ability to obsess over a problem and build category-defining businesses. We see that same pattern in Tom and Ciprian. We backed them at pre-seed and seed, and we're tripling down, because their results speak for themselves." ### What's Next With this funding, Adfin plans to: - Expand into end-to-end cashflow management - Step up hiring across engineering and sales - Prepare for international expansion The company believes that getting paid faster and optimizing cash management builds better businesses. As Pope puts it, "Money movement isn't admin, it's the bloodstream of every company."