Adfin deploys decades of fintech experience to transform billing with $4.9m in seed funding | by Jan Hammer, Julia Andre
Summary
Ciprian was founding engineer at banking-as-a-service platform Mambu, where he built and led the companys 200-strong developer team globally. The cloud banking platform supports the likes of N26, Tide and Western Union, and was valued at $5.3bn during its most recent funding round. Both co-founders have a proven ability to execute in fintech at scale.At Adfin, Tom and Ciprian have already assembled trusted engineering and commercial teams, staffed with operators who have spent on average over seven years working with each of the founders.With their deep expertise in the space, combining commercial insights on payments with technical skills in building infrastructure, we believe Tom and Ciprian have a rare appreciation for the subtle pain points and sources of friction that cause people to postpone a payment.They are scratching an itch on the shortcomings of open banking and the limitations of currently available billing platforms. As true infrastructure experts who have seen first-hand how no single tool can address this challenge today, Tom and Ciprian have built a flexible payment platform designed for the complex workflows required to get bills paid as soon as possible, including innovations like an AI-powered payments product which dynamically routes transactions between bank and card rails to maximise success at lower cost. Adfin will do whatever it takes to get as many bills paid as soon as possible; that means a more delightful experience for payers, and less burden for businesses chasing customers.From the earliest stage, their vision has been clear and compelling.