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Round

Category: AI in Fintech

AI-powered finance automation platform for treasury, accounts payable, and payroll Round was founded in 2023. The company is led by Pac O'Shea. Based in London, United Kingdom. Team size: 11-50. Total funding raised: $8.1M. Latest round: Seed. Key investors include Alstin Capital, Backed VC, Love Ventures, Passion Capital, Tiny Supercomputer Investment Company, Notion Capital, Ascension, Samos Investments, Entrepreneur First, Paul Forster (Indeed co-founder).

Founded
2023
Headquarters
London, United Kingdom
Team size
11-50
Total funding
$8.1M

Value proposition

Round combines AI-powered automation with owned financial infrastructure (wallets, payment rails, treasury) to automate treasury management, accounts payable, and payroll end-to-end — moving beyond AI copilots to actually execute financial operations.

Products and solutions

Treasury Management (yield optimization, cash sweeping), Accounts Payable (invoice processing, supplier payments), Autonomous Payroll (fully automated payroll processing), Agentic Workflow Builder (natural language workflow creation), FX (fair pricing, automated execution), Connected Banking (multi-account aggregation), AI Treasury Manager, Account Opening Agent, Savings Accounts (100+ diversified accounts)

Unique value

Unlike most AI finance tools that stop at copilots and chatbots (summarizing, suggesting), Round has built both the intelligence AND the infrastructure — wallets, payment rails, and treasury — that actually execute financial operations automatically. Finance teams set rules; Round executes.

Target customer

Fast-growing companies, startups, and unicorns; CFOs, founders, and finance teams at high-growth European companies

Industries served

Fintech, SaaS, Technology startups, Venture Capital

Technology advantage

Combines AI agents with owned financial infrastructure (not just software overlay); ISO 27001:2022 certified; FCA-regulated rails; integrates with Xero, NetSuite, HSBC, BlackRock; processes $500M+ in transactions; real-time two-way ERP sync; Slack/email/WhatsApp approval workflows

How they differentiate

Round differentiates by combining AI automation with owned financial infrastructure (wallets, payment rails, treasury) rather than being a pure software overlay. It actually executes payments, payroll, and treasury operations — not just advises. Also offers end-to-end coverage across treasury, AP, and payroll in one platform vs. point solutions.

Main competitors

Modern Treasury, Agicap, Tesorio

Key partnerships

WealthKernel (compliant custody and trading, Appointed Representative), Xero (two-way real-time sync), NetSuite (two-way real-time sync), HSBC, BlackRock (money market funds via ICS Sterling Liquidity Fund), Insignis Cash

Notable customers

Cleo, PostHog

Major milestones

Founded 2023, $2.1M Pre-Seed (Oct 2024), $6M Seed (Apr 2026), Launched first automated workflows <1 year ago, Processed $500M+ in transactions, Launched Agentic Workflow Builder and Autonomous Payroll (Apr 2026), Ranked #1 Treasury Software on G2 Winter 2026

Growth metrics

$500M+ processed on platform; 4x average yield on idle cash; 75% average reduction in per-invoice processing time; 5 days from signup to fully automated payment runs; Ranked #1 Treasury Software by Finance Teams on G2 Winter 2026

Market positioning

AI-first finance automation platform for high-growth European companies; ranked #1 Treasury Software by Finance Teams on G2 Winter 2026

Geographic focus

United Kingdom and Europe (headquartered in London, expanding across Europe)

About Pac O'Shea

Ex-Venture Partner at Republic; VP at Theodo UK (large consultancy working with fintech clients); Entrepreneur First alumni. Trinity College Dublin graduate.

Official website: