Adfin, an accounts receivable and payments platform, is set to transform how advisors and their clients manage and process payments. Adfin's new platform addresses the critical challenges businesses face with late payments, high fees, and outdated payment processes by providing an all-in-one solution to make getting paid faster, cheaper, and easier.

Tackling the payment problem head-on

Businesses today are grappling with significant challenges in managing payments. Late payments, fragmented systems, and high transaction fees often result in time-consuming and costly payment management processes. Adfin aims to solve these problems by consolidating the entire accounts receivable process into a single, streamlined platform. From automated invoice sending and payment chasing to seamless reconciliation, Adfin is designed to ensure that businesses can focus on their core activities rather than being bogged down by payment administration.

Adfin’s platform integrates state-of-the-art payment technologies with AI-powered insights to deliver a faster, more cost-effective payment experience. It offers a comprehensive suite of features that make it easier for businesses to manage their cash flow, including direct debits, card payments, and open banking options, all within a single, user-friendly interface.

About Adfin: The team and vision behind the product

Adfin was founded by a group of fintech veterans who have witnessed firsthand the limitations of current billing systems and the underutilisation of open banking. With decades of combined experience, the Adfin team has set out to revolutionise bill payments, making them more efficient and accessible for businesses of all sizes.

The company is backed by some of the most influential names in fintech, including co-lead investors Index Ventures and Visionaries Club, as well as prominent angels like Guillaume Pousaz (founder of Checkout.com) and Thijn Lamers (Adyen founding team). This strong backing underscores the industry’s confidence in Adfin's mission to fix bill payments for everyone.

Adfin's team is committed to delivering a product that not only meets the needs of businesses today but also anticipates the challenges of tomorrow. Drawing on their deep expertise, they have created a platform that is not only powerful and flexible but also easy to use.

“Adfin has streamlined our invoicing process, allowing us to focus on our clients while ensuring effortless payment collection (and reconciliation!). It's easy to use, enhances our professionalism, and impresses clients so much they want Adfin for their own businesses too!” - Laura Day-Henderson, More Than Bookkeeping

A closer look at Adfin's features

Adfin’s platform is packed with features that are designed to simplify and streamline the payment process:

• Works with any invoice: Adfin’s powerful OCR and AI allow you to import any invoice by simply dragging and dropping it into the UI. Adfin also seamlessly synchronises with Xero and QuickBooks 
• Multichannel distribution: Adfin is the first platform that allows you to distribute over email, SMS and WhatsApp 
• Automated reminder workflows: Adfin intelligently handles chasing for payment, continuously optimising timing and messaging to ensure timely payment
• Prompt payment discounts and late penalties: Before Adfin, offering discounts or applying penalties was too complex - now, it’s one click 
• All payment methods in one place: Accept payments via cards, Apple Pay, Google Pay, Direct Debit, and bank transfers - all dynamically managed to increase success rates and reduce fees
• Failed payment retries: Automatic retries of failed payments using higher success methods
• Automatic reconciliation: Consolidated reconciliation of all payments directly into the accounting system - tested by leading accountants to be best-in-class
• Transparent, fair pricing. No subscription or minimum fee. Everything in the platform is available to everyone for one fee - which is only charged on successful payments. Adfin’s Transparency Manifesto makes them the first in the industry to commit to lowering prices as underlying payment costs fall

Whether helping businesses recover time lost to manual payment processes or providing SaaS platforms with seamless billing integrations, Adfin is designed to be adaptable, scalable, and reliable.

As Adfin continues to grow, it remains focused on its mission to be the best way to get bills paid. The team have a rich pipeline of innovation that will transform billing over the next year, getting businesses paid faster and at a lower cost.