Astrada, the data layer for autonomous finance, has closed a $3.8m seed funding round backed by a roster of prominent investors including Visa and Mastercard.
The round was co-led by Bain Capital Ventures, QED Investors, and Nyca Partners, with strategic participation from Mastercard and follow-on investment from existing backer Visa.
Since its launch in 2024, Astrada has handled more than $750m in card spend and upwards of three million transactions across all three major card networks via a single API. The company counts Workday, Zoho, Payhawk, and Miter among its early customers.
Proceeds from the round will go towards accelerating product development and broadening partnerships across the FinTech and enterprise finance space.
The company provides finance platforms with the infrastructure required to support both human-directed and AI agent-driven spending at scale through real-time data connectivity. Its platform offers real-time visibility on business spend via a single AP, with real-time banking and card data.
Astrada was founded and is led by Salman Syed, a former early employee at Marqeta where he oversaw the company’s North America operations through to its IPO. The company is headquartered across the San Francisco Bay Area and New York.
Astrada founder and CEO Salman Syed said, “Finance is moving from manual to autonomous — and the infrastructure hasn’t kept up. We built Astrada to be the real-time data layer that finance platforms need as they evolve to support AI agents alongside human users. With backing from investors and strategic partners who are shaping the future of payments and financial services, we’re positioned to become the connective tissue of autonomous finance.”
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