Insider Brief
- Astrada, a real-time data layer for autonomous finance, closed a $3.8 million seed round led by Bain Capital Ventures, QED Investors, and Nyca Partners, with strategic investments from Mastercard and Visa.
- Since launching in 2024, the company has processed over $750 million in card spend and three million transactions via a single API, with customers including Workday, Zoho, Payhawk, and Miter.
- The funding will accelerate product development and partnerships as Astrada positions itself as core infrastructure for finance platforms managing both human and AI-driven spending.
PRESS RELEASE — Astrada, the data layer for autonomous finance, announced the close of its $3.8 million seed funding round. The round 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.
Since launching 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 include Workday, Zoho, Payhawk, and Miter.
As businesses increasingly adopt AI agents to manage financial workflows, the need for a unified, real-time data layer has become critical. Astrada sits at the center of this shift, giving finance platforms the infrastructure to support both human-driven and agent-driven spending at scale. The funding will be used to accelerate product development and expand partnerships across the fintech and enterprise finance landscape.
“Finance is moving from manual to autonomous — and the infrastructure hasn’t kept up,” said Salman Syed, Founder and CEO of Astrada. “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.”
Astrada is based in the San Francisco Bay Area and New York. The company was founded and led by Salman Syed, an early employee at Marqeta where he led the company’s North America business through its IPO.
— — –About Astrada
Astrada is the data layer for autonomous finance, providing real-time visibility on business spend through a single API. The platform delivers access to real-time card and banking data across all three major card networks, enabling seamless connectivity without complex integrations. Learn more at astrada.co.
Contacts
Aaron Berger for Astrada
[email protected]
917 355 8959
