Adfin

About Adfin

Adfin is a payment automation platform that integrates with accounting systems to streamline invoice management and payment collection through AI-driven workflows and multiple payment methods, including Direct Debit and open banking. By centralizing payment processes and providing automated reminders, Adfin helps businesses reduce payment delays and associated costs, ensuring faster cash flow.

```xml <problem> Many businesses face challenges in managing invoices and collecting payments, leading to delayed cash flow and increased administrative costs. Juggling multiple payment products and debtor reports can be time-consuming and inefficient. </problem> <solution> Adfin is a payment automation platform that streamlines invoice management and payment collection by integrating with accounting systems. The platform uses an AI engine to automatically parse invoices, distribute them via email, SMS, or WhatsApp, and intelligently chase payments. Adfin's intelligent payments engine supports various payment methods, including Direct Debit with automatic retries, open banking, bank transfers, and cards. The platform also offers features like automated reminders, prompt payment discounts, and a centralized dashboard to monitor the status of all invoices and payments, ensuring faster cash flow and reduced payment delays. </solution> <features> - AI-powered invoice parsing and automated data entry - Automated invoice distribution via email, SMS, or WhatsApp - Intelligent payment chasing workflows to maximize response rates - Support for multiple payment methods: Direct Debit, open banking, bank transfers, and cards - Automated reconciliation of prompt payment discounts - Centralized dashboard for real-time visibility of invoice and payment status - Integration with accounting platforms like Xero - Customizable branding for customer communications (logo, icon, color scheme) - Automated reminders for unsigned direct debit mandates </features> <target_audience> Adfin targets businesses, accountants, bookkeepers, and platforms seeking to automate accounts receivable processes, reduce payment delays, and improve cash flow management. </target_audience> ```

What does Adfin do?

Adfin is a payment automation platform that integrates with accounting systems to streamline invoice management and payment collection through AI-driven workflows and multiple payment methods, including Direct Debit and open banking. By centralizing payment processes and providing automated reminders, Adfin helps businesses reduce payment delays and associated costs, ensuring faster cash flow.

Where is Adfin located?

Adfin is based in London, United Kingdom.

When was Adfin founded?

Adfin was founded in 2024.

How much funding has Adfin raised?

Adfin has raised 4900000.

Location
London, United Kingdom
Founded
2024
Funding
4900000
Employees
14 employees
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Adfin

Score: 100/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

Adfin is a payment automation platform that integrates with accounting systems to streamline invoice management and payment collection through AI-driven workflows and multiple payment methods, including Direct Debit and open banking. By centralizing payment processes and providing automated reminders, Adfin helps businesses reduce payment delays and associated costs, ensuring faster cash flow.

adfin.com1K+
Founded 2024 – London, United Kingdom

Funding

$

Estimated Funding

$4.9M+

Team (10+)

No team information available. Click "Fetch founders" to run a focused founder search.

Company Description

Problem

Many businesses face challenges in managing invoices and collecting payments, leading to delayed cash flow and increased administrative costs. Juggling multiple payment products and debtor reports can be time-consuming and inefficient.

Solution

Adfin is a payment automation platform that streamlines invoice management and payment collection by integrating with accounting systems. The platform uses an AI engine to automatically parse invoices, distribute them via email, SMS, or WhatsApp, and intelligently chase payments. Adfin's intelligent payments engine supports various payment methods, including Direct Debit with automatic retries, open banking, bank transfers, and cards. The platform also offers features like automated reminders, prompt payment discounts, and a centralized dashboard to monitor the status of all invoices and payments, ensuring faster cash flow and reduced payment delays.

Features

AI-powered invoice parsing and automated data entry

Automated invoice distribution via email, SMS, or WhatsApp

Intelligent payment chasing workflows to maximize response rates

Support for multiple payment methods: Direct Debit, open banking, bank transfers, and cards

Automated reconciliation of prompt payment discounts

Centralized dashboard for real-time visibility of invoice and payment status

Integration with accounting platforms like Xero

Customizable branding for customer communications (logo, icon, color scheme)

Automated reminders for unsigned direct debit mandates

Target Audience

Adfin targets businesses, accountants, bookkeepers, and platforms seeking to automate accounts receivable processes, reduce payment delays, and improve cash flow management.