Adfin Secures $18 million in Series A Funding Led by Index Ventures

LONDON — Adfin secured $18 million in Series A funding, according to the company, bringing its total capital raised to more than $30 million in less than two years since its founding in 2024. The round was led by Index Ventures, positioning the startup to expand its operations across the financial technology sector, the firm said in a statement on Tuesday.

Founded by payments experts Tom Pope and Ciprian Diaconasu, Adfin targets the United Kingdom market where nearly 63 percent of small and medium-sized enterprise invoices are paid late, creating severe cash flow pressures that limit growth opportunities for small businesses. The automated finance platform combines proprietary payment infrastructure with intelligent workflow automation to address these persistent delays, the company said.

Businesses utilizing the Adfin platform report only 9 percent of invoices being paid late, representing a stark contrast to the national average, according to figures released by the startup. “Adfin is building the agentic finance platform for money movement,” Tom Pope said. The company automates the specific workflows finance teams use to get paid, manage their money, and handle broader financial operations, the co-founder added.

With the fresh capital from the Series A round, Adfin plans to expand its engineering and sales workforce while moving beyond invoice collection into comprehensive cash flow management solutions for corporate clients. Julia André, a partner at Index Ventures, said the venture firm backed the founders after seeing strong results in their initial execution and clear performance metrics.

Operating in a crowded global financial technology market, Adfin competes directly with at least 2 established industry rivals such as GoCardless and Billtrust to capture market share among growing enterprises. The company did not disclose specific financial terms regarding its international expansion timeline or the exact budget allocated for hiring new engineering and sales staff following the funding, corporate records show.