Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Fortune

Business

Camila Grigera Naón

Fragment raises $12 million to help keep AI agents from going rogue with company money

Artificial Intelligence Startups BoxGroup New York OpenAI Stripe

Fragment CEO sitting down with arms resting on a wooden table as he looks to his left. (Credit: SACHA MARIC—COURTSEY OF FRAGMENT)

Keeping the books straight is a business headache. As companies turn to AI to automate routine financial tasks, they face a new worry: whether they can trust bots with company money. Fragment, a New York-based startup, is developing software designed to reduce costly accounting errors.

Founded by serial entrepreneur and CEO Thomas Neckel and CTO Varun Mohan, a former Robinhood engineer, Fragment announced on Wednesday that it raised a $12 million Series A round that closed in mid-2025 to build software that lets AI agents safely handle billing and accounting. Early-stage venture capital firms FirstMark and BoxGroup co-led the financing. The round follows an $11 million seed round led by payments company Stripe, with participation from BoxGroup and tech executives including Uber CEO Dara Khosrowshahi and Plaid CEO Zach Perret. Neckel declined to disclose the company’s valuation following the Series A.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Police officer accused of taking over dead man’s home and stealing his identity so he could renovate it

Police officer accused of taking over dead man’s home and stealing his identity so he could renovate it

Brian Louis Sguros, an officer with Florida’s Lauderhill Police Department, found the homeowner dead during a welfare check

The Independent UK

About 300,000 Virginians Could Lose Medicaid Next Year as New Coalition Plans Texts, Mail and Free Clinic Help

About 300,000 Virginians Could Lose Medicaid Next Year as New Coalition Plans Texts, Mail and Free Clinic Help

Up to 300,000 Virginians could lose Medicaid under 2027 work rules. A new coalition will use texts, mail, and clinics to help people stay covered.

Kentucky Measles Count Reaches 174 as Christian and Trigg Counties Add 14 Cases and Hospitalizations Rise to 10

Kentucky Measles Count Reaches 174 as Christian and Trigg Counties Add 14 Cases and Hospitalizations Rise to 10

Kentucky's measles count hit 174, with 10 hospitalizations, as Christian and Trigg counties added cases. See vaccine help for western Kentucky.

Severely ill ICE detainees targeted for imminent deportation in Florida, advocates say

Severely ill ICE detainees targeted for imminent deportation in Florida, advocates say

Flights to unknown countries in Africa are scheduled as early as Wednesday, relatives detail

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Putin Directly Ordered a Stepped-Up Sabotage Campaign Against NATO Countries This Year: Report

Putin Directly Ordered a Stepped-Up Sabotage Campaign Against NATO Countries This Year: Report

The failed attack at Germany's Leipzig-Halle Airport earlier this year was the first of the campaign.

International Business Times

Ramaswamy called out by heckler over ‘despicable’ attack ad featuring rival’s mother

Ramaswamy called out by heckler over ‘despicable’ attack ad featuring rival’s mother

Ohio Republican gubernatorial candidate angrily rebuked at Columbus event over video in which Donna Arthur accuses her daughter, Democrat Amy Acton, of lying

The Independent UK

Related Stories

Top stories on inkl right now

Police officer accused of taking over dead man’s home and stealing his identity so he could renovate it

Police officer accused of taking over dead man’s home and stealing his identity so he could renovate it

Brian Louis Sguros, an officer with Florida’s Lauderhill Police Department, found the homeowner dead during a welfare check

The Independent UK

About 300,000 Virginians Could Lose Medicaid Next Year as New Coalition Plans Texts, Mail and Free Clinic Help

About 300,000 Virginians Could Lose Medicaid Next Year as New Coalition Plans Texts, Mail and Free Clinic Help

Up to 300,000 Virginians could lose Medicaid under 2027 work rules. A new coalition will use texts, mail, and clinics to help people stay covered.

Kentucky Measles Count Reaches 174 as Christian and Trigg Counties Add 14 Cases and Hospitalizations Rise to 10

Kentucky Measles Count Reaches 174 as Christian and Trigg Counties Add 14 Cases and Hospitalizations Rise to 10

Kentucky's measles count hit 174, with 10 hospitalizations, as Christian and Trigg counties added cases. See vaccine help for western Kentucky.

Severely ill ICE detainees targeted for imminent deportation in Florida, advocates say

Severely ill ICE detainees targeted for imminent deportation in Florida, advocates say

Flights to unknown countries in Africa are scheduled as early as Wednesday, relatives detail

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Putin Directly Ordered a Stepped-Up Sabotage Campaign Against NATO Countries This Year: Report

Putin Directly Ordered a Stepped-Up Sabotage Campaign Against NATO Countries This Year: Report

The failed attack at Germany's Leipzig-Halle Airport earlier this year was the first of the campaign.

International Business Times

Ramaswamy called out by heckler over ‘despicable’ attack ad featuring rival’s mother

Ramaswamy called out by heckler over ‘despicable’ attack ad featuring rival’s mother

Ohio Republican gubernatorial candidate angrily rebuked at Columbus event over video in which Donna Arthur accuses her daughter, Democrat Amy Acton, of lying

The Independent UK

Our Picks

Cyndi Lauper defends working with Nicki Minaj despite rapper’s support for Trump

Rapper has become one of the president’s most famous supporters

The Independent UK

Doctors Were the Butt of 40% of Facebook Doctor Jokes, but the Most-Liked One Skewered a Lawyer

Researchers combed 30,075 Facebook posts for doctor jokes. Physicians were the usual target, but the most-liked punchline hit a lawyer.

Fridge or not? What’s the best way to store bread?

Our experts have some airtight advice to stop your loaf from going stale

The Guardian - UK

Not enjoying being a parent? You’re not alone. Here’s how to handle this complicated feeling

We’re often told parenting is one of the most rewarding things we’ll ever do. But as many parents will attest, it is also full of very difficult moments. And sometimes these moments seem almost constant.

The Conversation

A warm, sumptuous tale of two Coppolas

As "Marie Antoinette" turns 20, Eleanor and Sofia Coppola's documentary reveals new resonance

Cyndi Lauper on fun, fashion and freedom of expression: ‘We have braces on our brains’

As she auctions off her treasures, the synth-pop savant opens up about her eccentric style and why she doesn’t believe in cancel culture

The Guardian - US

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play