Round raises USD $6 million to automate finance work

Round has raised USD $6 million in seed funding in a round led by Alstin Capital.

The London fintech also launched two products, Agentic Workflow Builder and Autonomous Payroll, as it expands software that automates treasury management, payments, foreign exchange and payroll tasks for finance teams.

Backed VC and Love Ventures joined the round. Existing investor Passion Capital participated again, while about 10% of Round’s existing customers also invested, alongside angel investors including Indeed Co-Founder Paul Forster.

Round says its software is used by European businesses, including Cleo and PostHog, and that it has processed more than USD $500 million since launching its first automated workflows less than a year ago.

Manual burden

Round is targeting a finance function that still relies on people moving between accounting systems, bank portals, spreadsheets and email to complete routine work such as invoice approvals, payment runs, contractor follow-ups and reconciliations.

Its approach combines software with payment and treasury infrastructure, allowing finance teams to set rules for approvals, payment timing and cash balances while the system handles the operational steps. The platform works alongside a company’s existing banks and accounting software.

Round is ISO 27001:2022 certified and works with FCA-regulated financial partners. Transactions are logged with audit trails inside their dashboard.

The founders framed the product as a way to remove repetitive work rather than replace senior finance staff.

“Everyone’s trying to build an AI CFO. Cursor didn’t get big by replacing the CTO. It got big by doing the work which engineers didn’t want to do. We’re taking the same approach, but for finance,” said Pac O’Shea, Co-Founder, Round.

Hayyaan Ahmad, the other Co-Founder, outlined the company’s view of how finance teams are changing.

“We are building for the finance team of the future, one that understands the importance of automation to keep up with the pace of modern companies. AI tools are rapidly being deployed across the industry and finance teams do not need to be left behind,” said Ahmad.

New products

According to Round, Agentic Workflow Builder lets finance leaders describe a workflow in plain English and have the system create it for approval. Examples include funding payroll early, moving surplus cash into yield-bearing accounts and contacting contractors for missing invoices.

Once approved, those workflows can run continuously and notify staff through channels such as Slack, WhatsApp or email when intervention is needed. The feature is in early access, with selected customers testing workflows across treasury, payments and finance operations.

Autonomous Payroll is designed to automate a payroll run from start to finish. The module pulls payslips from a payroll provider, prepares the run, routes it for approval, funds it from treasury, executes payment and confirms completion.

Round argues that this removes the need for staff to switch between multiple systems or manage payroll funding manually. The pitch places it in a growing market of fintech and software providers trying to reduce administrative work inside finance departments through automation and artificial intelligence tools.

Investor view

Alstin Capital said Round’s combination of financial infrastructure and workflow software was a key attraction.

“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 optimization of existing processes, but a fundamentally new way for companies to manage their finance operations. This vision and impressive execution convinced us as lead investor,” said Andreas Schenk, Partner, Alstin Capital.

The new funding will be used for product development, hiring in engineering and commercial roles, and deeper integrations with banks and financial systems. Round is based in London and was founded by O’Shea and Ahmad.

Ahmad said the latest product launch is central to that plan.

“Round’s workflow builder changes what’s possible. A finance team can describe work they do as steps, the system builds a workflow, they approve it, and it runs forever in the background. This funding lets us take that approach to every repetitive process in finance,” said Ahmad.