Most finance teams still spend the bulk of their time executing rather than deciding. Invoices are approved in one tool, payments are sent through a bank portal, and reconciliation happens elsewhere. The systems don’t talk to each other, so humans end up being the connective tissue, chasing invoices, funding payroll runs, and moving cash between accounts manually, step by step.
Founded in London in 2023, Round combines financial infrastructure with automation, enabling finance teams to set rules once and let the platform execute them. Approval thresholds, payment schedules, and cash minimums are configured, and once configured, the system handles the rest. Payments go out.
Today, the fintech Round announced $6 million in seed funding, bringing its total raised to $8 million, the company tells TFN. The round was led by Alstin Capital, a Munich-based early-stage VC focused on B2B software, with Backed VC and Love Ventures also participating.
Around 10% of Round’s existing customers co-invested alongside them, as did Paul Forster, co-founder of Indeed. Existing backers, including Passion Capital and angels who were early investors in Monzo, Tide, and GoCardless, also increased their stakes.
Building infrastructure that acts
Pac O’Shea and Hayyaan Ahmad started Round after seeing the problem from different angles. Before founding the company, Pac spent nearly a decade advising banks and fintechs across Europe on building and scaling financial products and was a Venture Partner at Republic. Hayyaan was one of the first engineering hires at Amazon Berlin, where he led teams building Tier-1 shopping experiences, and later served as a technical consultant to the UN.
“Round was started after the founders saw both sides of the problem first-hand. Incumbents were too slow and constrained to evolve, while challengers built powerful but isolated tools. Nothing connected, leaving businesses to manage money across fragmented systems. With AI now able to execute workflows end to end, Round was built to unify it into a single system,” the company told TFN.
Finance teams set rules once, such as approval thresholds, payment schedules, cash minimums, and the platform handles the rest. Payments go out, idle cash earns yield, and payroll gets funded and paid on schedule. Everything syncs back to the ERP with a full audit trail.
“Round understands that true finance automation requires infrastructure, not just software. The platform sits between banks, ERPs, and payment rails, orchestrating cash flows in real time. This is not an optimisation of existing processes, but a fundamentally new way for companies to manage their finance operations,” says Andreas Schenk, partner at Alstin Capital.
The platform is ISO 27001:2022 certified and works exclusively with FCA-regulated financial partners.
Direct competitors include Kyriba, Modern Treasury, Nook, Agicap, and Atlar. Round’s bet is that all of them stop at visibility or recommendations.
What’s next
Since launching its first automated workflows less than a year ago, the platform has processed over $500 million. The capital will go toward engineering and go-to-market hiring, deeper bank integrations, and community programmes, including hackathons and workshops for finance teams.
“Over the next three to five years, we’re building toward a world where finance operations run automatically. Our focus is expanding beyond treasury into payments, FX, and full financial workflows, with AI systems that can execute and manage money end-to-end. The long-term goal is for finance teams to move from doing the work to overseeing it,” the company confirmed to TFN.
