Stripe veterans launch Seapoint with $3m funding

September 18, 2025

Stripe alumni have unveiled Seapoint, a FinTech venture aiming to transform financial management for startups and scale-ups across the UK and Europe.

The company has raised $3m in pre-seed funding to launch its AI-powered platform, which seeks to replace the fragmented systems many growing firms currently rely on.

The round was led by Frontline Ventures, with participation from Tapestry VC and several prominent angel investors, including the former COOs of Stripe, Revolut, Tide and Tines. After nine months of development, Seapoint has entered private beta and is already being used by dozens of VC-backed startups. The platform is open for further sign-ups from today.

Seapoint is focused on mid-market firms, typically with 10 to 250 employees, which make up a third of the European economy but often fall into a gap between neobanks and traditional banking services.

Interviews with more than 50 startup founders revealed a reliance on multiple disconnected financial tools, typically four to six at different stages of growth. Despite juggling multiple bank accounts, over 90% still run their processes manually, and more than half receive no interest on their deposits. Seapoint hopes to address this by offering a single home for accounts, payments, treasury management and corporate cards, while using AI to automate the manual tasks that consume founders’ time.

The platform’s automations can process invoices directly from emails, run payroll, categorise expenses and generate real-time financial reports.

Seapoint’s founder and CEO Sean Mullaney said, “AI can transform finances for scaling companies. Within minutes, Seapoint connects to a company’s bank accounts, its accounting software and email. At which point we can give them a real-time view of their business, automate bookkeeping, pay invoices and manage payroll. Seapoint is broader and more powerful than traditional banking. And it puts founders back in control of their finances.”

Backing Seapoint’s mission, Frontline partner Will Prendergast said, “Neobanks have built great products for consumers, but mid-market companies have more complex needs that aren’t yet properly served. With a deeply experienced fintech team, Seapoint is leveraging recent advances in AI to transform the finance stack and solve this tedious issue for all scaling companies.”