Adfin, a London-based FinTech, has raised £13.3 million in Series A funding to build its agentic money movement platform.
It says it is starting by helping businesses getting paid on time and will work towards a solution where ‘money moves itself’.
In less than two years, Adfin has grown to serve 1,500+ businesses across the UK, from accounting and law firms to scaling businesses in professional services, trades and care.
The firm was founded by payments veterans Tom Pope and Ciprian Diaconasu. Pope spent over a decade building payments infrastructure for Worldpay and Tink, which was acquired by Visa for $2.2 billion, while Diaconasu was the founding engineer at Mambu, which scaled to a $5.3bn valuation and powers FinTech leaders including N26 and Tide.
The funding round was led by Index Ventures, with participation from Visionaries Club and new investors Stéphane Kurgan (former COO of King) and Andrey Khusid (founder of Miro).
The investment brings Adfin’s total funding to over $30m in less than two years and comes as Adfin was named the third fastest-growing technology company in Europe, and the fastest-growing UK company by Scaling Europe.
Adfin plans to expand its product into end-to-end cashflow management, step up hiring across engineering and sales, and prepare for international expansion.
“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,” said CEO Pope.
“And we’re doing it the way our customers keep telling us they want: safe, auditable, trackable, with humans firmly in control. By owning both the underlying financial infrastructure and the agentic workflows on top, we’ll let finance teams deploy agents in a way nobody else can.
“Why does this matter? If you’re getting paid faster and optimising how you manage cash, you’re building a better business. Money movement isn’t admin, it’s the bloodstream of every company.
“We believe this so strongly that we’ve rewritten our mission around it: Adfin exists to help the world build better businesses.”
Liam McHugh, director at Steve Pye & Co, a Norwich-based accounting practice, said: “Since using Adfin we’ve seen nearly a 3x reduction in the number of our invoices that are paid late. It’s had a meaningful impact on our cashflow. It also means our team no longer has to spend time chasing invoices, and instead can focus on serving our customers and growing our business.”
Julia André, 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.”