Round raises $6M seed

Round, a London finance software startup, has raised $6 million in seed funding to automate treasury, payments, foreign exchange, and payroll work for finance teams. (thenextweb.com) Alstin Capital led the round, with Backed Venture Capital, Love Ventures, and existing investor Passion Capital participating. Angel investors included Indeed co-founder Paul Forster, and about 10% of Round’s existing customers also invested. (tech.eu) Round said it is launching two products alongside the funding: an agentic workflow builder and an autonomous payroll tool. The company says its software connects to banking, enterprise resource planning, and payment systems so routine finance steps can run automatically after teams set rules and approvals. (thesaasnews.com) (finextra.com) The pitch is not just “do payroll faster.” Round is selling payroll as one part of the same money-moving stack that also handles cash management, supplier payments, and foreign exchange, a market usually split across separate vendors. (thenextweb.com) (finovate.com) That places Round in a crowded finance operations market where companies already use banks, treasury management systems, payroll processors, and accounts payable tools. Finovate said Round’s model adds competition by combining automation software with payment infrastructure that can actually execute transactions, not just recommend them. (finovate.com) The company says it has already processed more than $500 million in transactions for customers including Cleo. Several reports said the new funding brings Round’s total funding to about $8 million. (completeaitraining.com) (techfundingnews.com) The new money is earmarked for product development and expansion as Round tries to replace the manual “human presses a button” step that still sits inside many finance workflows. The company’s bet is that finance teams will buy one control layer for moving money instead of stitching together separate tools for each task. (thenextweb.com) (tech.eu)