London Fintech Round Raises $6M Seed to Automate Finance Teams

Round, the London-based AI finance automation startup, has raised $6 million in seed funding to help high-growth companies automate treasury, payroll, and payments eliminating the need for manual, multi-system financial processes.

Round, the AI-powered finance automation platform used by some of Europe’s fastest-growing companies, has closed a $6 million seed funding round, bringing its total raised to $8 million. The round was led by Alstin Capital, with participation from Backed VC and Love Ventures.

Moreover, around 10% of it’s existing customers co-invested alongside new angel investors, including Paul Forster, co-founder of Indeed. Notably, existing backer Passion Capital one of the earliest investors in Monzo, Tide, and GoCardless also doubled down on its stake.

Despite heavy investment in finance software globally, most finance teams still operate as the connective tissue between fragmented systems manually logging into bank portals, approving invoices in one tool, chasing contractors over email, and reconciling across spreadsheets. Round was built precisely to solve that.

Rather than offering yet another analytics dashboard, Round sits between banks, ERPs, and payment rails, combining financial infrastructure with AI-driven automation. In practice, finance teams simply configure the rules approval thresholds, payment schedules, and minimum cash balances and Round executes automatically. Payments go out, idle cash earns yield, and payroll is funded on schedule. Everything syncs back to the ERP with a full audit trail.

Since launching its first automated workflows less than a year ago, the platform has already processed over $500 million in transactions. Current customers include high-growth European companies such as Cleo and PostHog.

In addition to the funding announcement, Round simultaneously unveiled two new products that significantly expand its automation capabilities.

The Agentic Workflow Builder allows finance leaders to describe a workflow in plain English. Round then constructs it for review and approval. Once signed off, the workflow runs continuously around the clock sweeping idle cash into yield-bearing accounts, chasing contractors for outstanding invoices, or funding payroll early. Importantly, the system only alerts users via Slack, WhatsApp, or email when human input is genuinely required. The feature is currently in early access with select customers trialling it across treasury, payments, and finance operations.

Furthermore, the Autonomous Payroll module handles the entire payroll cycle end-to-end. Specifically, it pulls payslips from the company’s existing provider, prepares the payroll run, routes it for approval, funds it from treasury, executes payment, and confirms completion, all without requiring staff to log into multiple systems or carry out manual funding steps.

Round understands that true finance automation requires infrastructure, not just software. The platform is positioned between banks, ERPs, and payment rails and orchestrates 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.
Andreas Schenk, Partner, Alstin Capital

As a result of this new capital, Round plans to accelerate product development, grow its engineering and go-to-market teams, and deepen integrations across banks and financial systems. Additionally, the company intends to scale its infrastructure and support community-led growth initiatives including finance-focused hackathons, workshops, and webinars to help organisations adopt automated financial workflows.

Disclaimer: This report is based on publicly available information. NervNow has not independently verified the claims.

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