Round raises $6 million to automate finance team execution
Round, an AI platform that automates finance operations for European growth-stage companies, closed a $6 million seed round led by Alstin Capital. BACKED VC and Love Ventures also participated, alongside about 10% of Round's existing customers and new angel investors including Paul Forster, co-founder of Indeed.
The platform addresses a core inefficiency in finance departments: despite software investments, teams still manually execute repetitive tasks like payments, payroll, and cash management. Round positions itself as an execution layer that sits across fragmented finance tools, automating these workflows rather than simply analyzing them.
What the platform does
Round combines software with financial infrastructure to move money directly. Since launching its first automated workflows less than a year ago, the platform has processed over $500 million in transactions for clients including Cleo and PostHog.
The company is releasing two new products with this funding. Its Agentic Workflow Builder lets finance teams describe desired workflows in plain English, which the platform then constructs for approval. Its Autonomous Payroll handles payroll end-to-end, from funding through payment execution.
Where the money goes
Round will use the funding to expand its engineering and go-to-market teams, deepen integrations with banks and financial systems, and scale infrastructure. Existing investor Passion Capital, which backed Monzo, Tide, and GoCardless, doubled down on its investment.
Hayyaan Ahmad, co-founder, said the platform enables finance teams to "describe what needs to happen, approve it, and it runs automatically in the background." Pac O'Shea, the other co-founder, framed the distinction plainly: "Everyone's trying to build an AI CFO - something that tells you what to do. We're focused on doing the work itself."
For finance professionals interested in how AI automation is reshaping the role of finance teams, explore AI learning paths for CFOs and resources on AI agents and automation.
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