Fragment Raises $12M Series A

Fragment, a New York-based AI-enabled financial infrastructure startup, has raised $12 million in Series A funding to help vertical AI companies automate financial operations, including billing, payments, and accounting. The latest round brings the company's total funding to $23 million.

Investors

The funding round was led by Firstmark, with participation from BoxGroup.

Fragment Use of Funds

The company plans to use the capital to scale its platform, which provides financial infrastructure that prevents agent hallucinations and invalid transactions in automated billing, payments, and accounting workflows.

About Fragment

Founded in New York, Fragment is led by co-founder and CEO Thomas Neckel and CTO Varun Mohan. The company provides a financial infrastructure platform that allows AI agents to build, run, and adapt autonomous financial systems with guaranteed correctness for fintech software providers.

Funding Details

Company Website: https://fragment.dev

Company: Fragment
Raised: $12M
Round: Series A
Funding Date: October 14, 2026
Lead Investor: Firstmark
Additional Investors: BoxGroup
Company Website: https://fragment.dev
Software Category: Fintech
Source: https://www.businesswire.com/news/home/20261014039312/en/Fragment-Raises-%2412-Million-Series-A-to-Turn-Agents-into-Financial-Operators