Fragment Raises $12M Series A to Turn Agents into Financial Operators
aiinsider ·
Fragment, a New York-based AI financial infrastructure startup, has secured $12 million in Series A funding led by FirstMark with participation from BoxGroup. This investment brings the company's total capital raised to $23 million as it aims to automate billing, payments, and accounting for vertical AI businesses. The platform is designed to prevent agent hallucinations and invalid transactions by enforcing strict financial correctness during operations. Current notable customers include Ramp, BILL, and Whop, who utilize Fragment to streamline their fintech software development. Co-founder and CEO Thomas Neckel describes the technology as a new super-material that allows agents to build and adapt to any business model. FirstMark partner Adam Nelson highlighted that the system provides engineers with the necessary controls to manage internet-scale financial systems. Following this round, the company is actively expanding its team across go-to-market and engineering roles.
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