Adfin Lands $18M to Automate Revenue Collection

The big picture: Adfin, a London-based FinTech startup, has secured €15.3 million ($18 million) in Series A funding. The investment, led by Index Ventures, brings Adfin’s total funding to over €25.5 million ($30 million) in less than two years. The company Adfin aims to expand its product into end-to-end cashflow management, boost hiring, and prepare for international expansion.

Why it matters:

• Late payments burden SMEs: In the UK, nearly two-thirds (63%) of SME invoices are paid late, straining working capital and hindering growth.
• Adfin’s proven impact: Adfin customers experience a significantly lower late payment rate of 9%, nearly seven times better than the national average.
• Optimized cashflow is critical: By automating money movement and optimizing cash management, Adfin helps businesses improve financial health and build stronger operations.

How it works:

• Agentic finance platform: Adfin is building an agentic platform that automates workflows for finance teams to get paid and manage their money efficiently.
• Proprietary infrastructure and AI: The platform combines new payment infrastructure with agentic AI to determine the best course of action for each client.
• Automated task management: It automates tedious tasks, allowing businesses to focus on client relationships while ensuring safe, auditable, and trackable financial operations.

The catch: While Adfin’s agentic AI offers a compelling solution to late payments, the adoption of AI-driven financial tools in sensitive money movement workflows presents a challenge. The market for cashflow management is competitive, with established players and new fintechs vying for market share. Adfin must build significant trust and navigate complex regulatory landscapes as it pursues international expansion.