Round is a London-based fintech building an AI-powered finance automation platform that goes beyond copilots and chatbots to actually execute work for finance teams. Where most AI in finance only summarizes data, answers questions, or recommends next steps, Round has built both the intelligence and the underlying financial infrastructure, including wallets, payment rails, and treasury services, that integrate with a company's existing banks and accounting software. This lets Round move from advising to autonomously running treasury, accounts payable, payroll, and FX.
The platform's Agentic Workflow Builder lets finance teams describe a workflow they want automated in plain English. Round generates the workflow for approval, and once signed off, it runs continuously, alerting the team via Slack, WhatsApp, or email only when a human decision is required. Its Autonomous Payroll module pulls payslips from a company's existing payroll provider, routes approval to the right person, funds the run from treasury, executes the payment, and confirms completion, collapsing a multi-system process into a single automated flow. On treasury, Round optimizes idle cash by finding competitive rates and sweeping funds while maximizing yield, and on accounts payable it automates invoice processing, approval routing, duplicate detection, and payment execution.
Round connects to more than 2,000 UK and EU bank accounts for unified cash visibility and integrates with ERPs like Xero and NetSuite. The company reports processing over $500 million on its platform, with users typically achieving a 75% reduction in invoice processing time and meaningfully better returns on idle cash than standard business savings accounts. Customers include some of Europe's fastest-growing companies and unicorns, such as Cleo and PostHog.
Founded in 2023 by Pac O'Shea and Hayyaan Ahmad and supported by Entrepreneurs First, Round raised a $6 million seed round led by Alstin Capital, with Backed VC and Love Ventures participating, around 10% of existing customers investing, and angels including Indeed co-founder Paul Forster and early Monzo and GoCardless backer Passion Capital. The funding accelerates product development across treasury, payments, and payroll automation.