AI-powered finance automation platform Round has secured £4.5m in a seed funding round led by Alstin Capital, with participation from BACKED VC and Love Ventures.
As part of the fund, around 10% of Round’s existing customers invested alongside new angel investors like Paul Forster, co-founder of Indeed and existing investor Passion Capital – which was an early backer of Monzo, Tide and GoCardless.
Round was founded to combat a persistent problem in finance teams: despite heavy investment in software, systems are disconnected and still require much of the day-to-day work to be completed manually. Round strives to shift finance from software that advises to systems that execute and automate real tasks like payments, payroll and cash management.
The funding will be used to accelerate product development, expand engineering and go-to-market teams, deepen integrations across banks and financial systems, and scale the platform’s infrastructure.
“Everyone’s trying to build an AI CFO – something that tells you what to do,” says Pac O’Shea, co-founder of Round. “We’re focused on doing the work itself.
“The biggest bottleneck in finance isn’t decision-making, it’s execution. Teams are still manually running payments, moving cash and reconciling systems. We’re building the execution layer that sits across that entire stack and runs it automatically. This backing from some of Europe’s leading investors is a strong validation that this is where finance is heading.”
