Key Takeaways
- • Adfin, a London-based fintech, raised $18 million in Series A funding led by Index Ventures, bringing total funding to over $30 million in less than two years since inception in 2024.
- • The round included participation from Visionaries Club and prominent angel investors including Stéphane Kurgan (former COO of King) and Andrey Khusid (founder of Miro).
- • Adfin is building an "agentic money movement platform" designed to automate financial workflows and accelerate cash collection for SMEs, addressing a UK market problem where 63% of invoices are paid late.
- • The company was founded by payments industry veterans Tom Pope (formerly at Worldpay and Tink) and Ciprian Diaconasu (founding engineer at Mambu), bringing deep infrastructure expertise to the fintech sector.
- • The platform combines underlying financial infrastructure with agentic workflows to enable finance teams to deploy autonomous agents while maintaining human oversight and auditability.
Summary
Adfin, a London-based fintech startup, has secured $18 million in Series A funding to accelerate its expansion in the automated business finance sector. The round was led by Index Ventures, with additional backing from Visionaries Club, angel investor Stéphane Kurgan (former COO of gaming company King), and Andrey Khusid, founder of design collaboration platform Miro. This Series A brings Adfin's total funding to more than $30 million since its founding in 2024.
The startup addresses a significant pain point for UK small and medium-sized enterprises: delayed payment collection. According to available market data, nearly 63% of invoices issued by SMEs in the UK are paid late, creating acute cashflow pressures that constrain business growth and operations. Adfin's platform is designed to automate the money movement workflows that finance teams use to manage collections, payment processing, and broader cashflow operations.
Adfin's founding team brings substantial payments and fintech infrastructure experience. Co-founder Tom Pope spent over a decade at Worldpay and subsequently at Tink, the Swedish open banking platform acquired by Visa for $2.2 billion. Co-founder Ciprian Diaconasu served as founding engineer at Mambu, a cloud banking platform that reached a $5.3 billion valuation and powers fintech companies including N26 and Tide. This technical pedigree positions the company to build robust underlying financial infrastructure alongside consumer-facing automation tools.
The platform is positioned as an "agentic finance" solution, meaning it deploys autonomous agents to execute financial workflows while maintaining human control, auditability, and transparency—a design philosophy the founders emphasize in response to enterprise customer requirements. By owning both the infrastructure layer and the agentic workflow layer, Adfin aims to differentiate itself in the automated finance space and enable finance teams to deploy agents in ways competitors cannot replicate.
The startup addresses a significant pain point for UK small and medium-sized enterprises: delayed payment collection. According to available market data, nearly 63% of invoices issued by SMEs in the UK are paid late, creating acute cashflow pressures that constrain business growth and operations. Adfin's platform is designed to automate the money movement workflows that finance teams use to manage collections, payment processing, and broader cashflow operations.
Adfin's founding team brings substantial payments and fintech infrastructure experience. Co-founder Tom Pope spent over a decade at Worldpay and subsequently at Tink, the Swedish open banking platform acquired by Visa for $2.2 billion. Co-founder Ciprian Diaconasu served as founding engineer at Mambu, a cloud banking platform that reached a $5.3 billion valuation and powers fintech companies including N26 and Tide. This technical pedigree positions the company to build robust underlying financial infrastructure alongside consumer-facing automation tools.
The platform is positioned as an "agentic finance" solution, meaning it deploys autonomous agents to execute financial workflows while maintaining human control, auditability, and transparency—a design philosophy the founders emphasize in response to enterprise customer requirements. By owning both the infrastructure layer and the agentic workflow layer, Adfin aims to differentiate itself in the automated finance space and enable finance teams to deploy agents in ways competitors cannot replicate.
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