Series A · Fintech
Fragment announces $12m Series A for financial infrastructure
FirstMark led the financing, with BoxGroup participating, bringing total funding to $23m.
Fragment announced a $12 million Series A on October 14. FirstMark led the financing with participation from BoxGroup, according to the company’s announcement. The round brings total funding to $23 million.
The New York company builds financial tools that let software and AI agents handle billing, payments and accounting within defined transaction rules. It is hiring in engineering and commercial roles. Fortune reported that the financing closed in mid-2025.
Use of funds
Financial infrastructure development
Engineering and commercial hiring
Funding history
Series A · This round$12M