Astrada, a company providing a data layer for autonomous finance, has announced the successful closure of a $3.8 million seed funding round. The investment was led by Bain Capital Ventures, QED Investors, and Nyca Partners, with a strategic investment from Mastercard and follow-on participation from existing investor Visa.
The funding will be utilized to accelerate product development and expand partnerships across the fintech and enterprise finance landscapes. Astrada aims to address the critical need for a unified, real-time data layer as businesses increasingly adopt AI agents to manage financial workflows. The platform is designed to provide finance companies with the infrastructure necessary to support both human-driven and agent-driven spending at scale.
Since its launch in 2024, Astrada has processed more than $750 million in card spend and over three million transactions across all three major card networks through a single API. Early customers utilizing Astrada’s services include Workday, Zoho, Payhawk, and Miter.
Salman Syed, Founder and CEO of Astrada, stated, “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.” Syed, an early employee at Marqeta, previously led the company’s North America business through its IPO.
Astrada’s platform offers real-time visibility on business spend through its single API, providing access to real-time card and banking data across all three major card networks. This design facilitates seamless connectivity without complex integrations. The company operates from the San Francisco Bay Area and New York.
