London-based fintech Adfin has raised $18 million in Series A funding to expand its AI-powered money movement and cashflow management platform for businesses. The round was led by Index Ventures, with participation from Visionaries Club and new investors Stéphane Kurgan and Andrey Khusid. The investment brings Adfin’s total funding to more than $30 million, less than two years after the company’s launch. Founded to address inefficiencies in business payments and cashflow operations, Adfin is building what it describes as an “agentic” finance platform designed to automate how companies manage invoices, payments, and cash movement. Late payments remain a major challenge for small and medium-sized businesses in the UK, where nearly two-thirds of invoices are paid late. Adfin combines proprietary payment infrastructure with AI-driven workflows intended to automate payment collection processes and help finance teams improve cashflow visibility and operational efficiency. The company says its platform determines the most appropriate payment and follow-up actions for each client while reducing the amount of repetitive administrative work required from finance teams. Tom Pope, co-founder and CEO of Adfin, said the company is focused on building infrastructure that allows finance teams to automate workflows related to payments and cash management while maintaining transparency, auditability, and human oversight. He added that improving payment speed and cash management can have a significant impact on how businesses operate and grow, particularly for smaller companies managing working capital constraints. The newly raised capital will be used to expand Adfin’s platform beyond payment collection into broader cashflow management capabilities, support hiring across engineering and sales, and prepare the company for international expansion.
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