Adfin secures $18 million in Series A funding from Index Ventures for agentic business finance.

      The Visionaries Club makes a return, with Stéphane Kurgan (former COO of King) and Miro's founder Andrey Khusid joining the team. Adfin, a fintech based in London, has now secured over $30 million in funding within less than two years. The firm claims that its clients experience late-payment rates that are seven times lower than the average for UK SMEs.

      On Monday, Adfin announced it raised $18 million in a Series A funding round led by Index Ventures, with contributions from Visionaries Club and new investors Kurgan and Khusid. This investment pushes Adfin's total funding to over $30 million in under two years.

      This announcement follows Adfin being recognized as the third fastest-growing tech company in Europe and the fastest-growing UK company by Scaling Europe. Adfin combines proprietary payment infrastructure with AI-driven workflows to manage, reconcile, and clear invoices for small and mid-sized businesses.

      According to their research, 63% of invoices sent by UK SMEs are paid late, while Adfin’s customers reportedly face only 9% late payments, nearly seven times better than the UK average. Currently, the platform supports more than 1,500 businesses across the UK, including accounting and law firms, as well as growing enterprises in professional services, trades, and care.

      Tom Pope, Adfin’s co-founder and CEO, stated that the firm aims to create a comprehensive cash flow management solution. "Adfin is developing an agentic finance platform for money movement, automating the workflows finance teams use to facilitate payments, manage finances, and more in the future," Pope remarked. He also emphasized that the platform is built to maintain human oversight with auditable and traceable workflows for finance teams.

      Liam McHugh, a director at the Norwich-based accounting firm Steve Pye & Co and an Adfin customer, mentioned that the platform has led to a significant reduction in late payments at his firm, liberating staff from the task of chasing invoices.

      Julia André, a partner at Index Ventures, expressed that the firm is "tripling down" on the founders, having previously supported them at pre-seed and seed stages. "Index supports founders who can uniquely focus on a problem and create groundbreaking businesses," André noted in the statement.

      Co-founders Pope and Ciprian Diaconasu both have extensive backgrounds in payments. Pope has over a decade of experience developing payment infrastructure at Worldpay and Tink, which Visa acquired for $2.2 billion. Diaconasu was a founding engineer at Mambu, a banking platform that reached a valuation of $5.3 billion, with clients like N26 and Tide.

      The Series A funding will enable Adfin to enhance its product for comprehensive cash flow management, accelerate hiring in engineering and sales, and prepare for international growth. The company did not reveal its post-money valuation, revenue, or customer distribution by sector.