Round, a London-based fintech that specializes in automating treasury management, payments, payroll, and FX for rapidly expanding businesses, has secured a $6 million seed funding round. This round was led by Alstin Capital, with participation from Backed VC, Love Ventures, and around 10% of Round’s current customers. New angel investors, including Indeed co-founder Paul Forster, also took part. Passion Capital, known for its early investments in Monzo, Tide, and GoCardless, increased its previous investment in Round.
Founded by Pac O’Shea and Hayyaan Ahmad, Round’s platform integrates with a company’s banks, ERP systems, and payment rails to manage cash flows automatically, eliminating the need for finance teams to manually handle each step. Users can set parameters such as approval thresholds, payment schedules, and minimum cash balances; Round then executes payments, earns yield on idle cash, and manages payroll. Clients include Cleo, the AI-powered money management app, and the product analytics platform PostHog.
The new investment coincides with the introduction of two products. The Agentic Workflow Builder allows finance teams to describe desired workflows in plain English, which Round then sets up for approval, continuously monitoring and alerting teams via Slack, WhatsApp, or email when decisions are necessary. Autonomous Payroll automates the entire payroll cycle, pulling payslips, routing approvals, funding via treasury, executing payments, and confirming completion, streamlining a process typically involving multiple systems.
O’Shea compares the company’s strategy to software tools like Cursor’s AI coding assistant, which facilitates repetitive software development tasks without removing engineers from decision-making. Andreas Schenk, partner at Alstin Capital, notes that Round “positions itself between banks, ERPs, and payment rails, orchestrating cash flows in real-time”—a fundamentally new operational approach rather than merely optimizing existing processes.