Adfin provides a payments platform that captures invoice data, automates credit control, and consolidates payment collection across direct debit, card, and bank transfer methods. Its AI‑driven Autopilot streamlines chasing, applies discounts or penalties, and integrates with accounting software such as Xero and QuickBooks. The result is faster cash flow, reduced manual effort, and transparent per‑transaction pricing for accountants, businesses, and platforms.
Funding
$4.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DDEDFMGPJBMW+3Founders
Product
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.
Target Audience
Adfin targets businesses, accountants, bookkeepers, and platforms seeking to automate accounts receivable processes, reduce payment delays, and improve cash flow management.
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