London-based Round,
an AI-powered finance automation platform, has raised $6 million in seed
funding to accelerate the development of its financial infrastructure and
expand its product offering. The round was led by Alstin Capital, with
participation from Backed VC and Love Ventures. Around 10 per cent of Round’s
existing customers joined the round, alongside angel investors including Paul
Forster, founder of Indeed. Existing investors, such as Passion Capital and
early backers of Monzo, Tide, and GoCardless, also took part.
Alongside the
funding, Round announced the launch of two new products: Agentic Workflow
Builder and Autonomous Payroll, both designed to streamline financial
operations and reduce manual workload.
Despite significant
investment in finance software, many finance teams continue to operate across
fragmented systems, manually managing tasks such as invoice approvals, payment
execution, and payroll funding.
Round addresses
this challenge by combining intelligence with financial infrastructure to
automate these workflows. Its platform integrates with existing banks and
accounting systems, enabling finance teams to define rules for approvals,
payment schedules, and cash management, while the system executes these
processes automatically and synchronises data with enterprise resource planning
(ERP) systems.
Pac O’Shea, co-founder
of Round, said the company is not aiming to replace finance leaders with an
AI-driven CFO but instead focuses on automating the repetitive operational
tasks that finance teams typically handle manually.
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,
added Hayyaan Ahmad, co-founder of Round.
The newly launched
Agentic Workflow Builder enables finance teams to describe workflows in natural
language, which the platform converts into automated processes running
continuously in the background. Meanwhile, Autonomous Payroll streamlines the
entire payroll cycle, from importing payslips and routing approvals to funding
and executing payments, eliminating the need to manage multiple systems
manually.
The new funding
will be used to accelerate product development, expand the company’s
engineering and go-to-market teams, deepen integrations with banks and
financial systems, and scale its infrastructure.
Round also plans to support
community-led growth initiatives, including finance-focused hackathons,
workshops, and webinars aimed at helping organisations adopt automated
financial workflows.