Round, a London-based AI-powered finance automation platform serving high-growth European companies including Cleo and PostHog, has closed a $6m seed funding round and unveiled two new products: an Agentic Workflow Builder and Autonomous Payroll module.
The round was led by Alstin Capital, with Backed VC and Love Ventures also participating. Approximately 10% of Round’s existing customers contributed to the raise alongside new angel investors, among them Paul Forster, co-founder of Indeed. Existing backer Passion Capital — an early investor in Monzo, Tide and GoCardless — also reinvested.
Round’s platform sits between banks, ERPs and payment rails, combining financial infrastructure with AI-driven automation to handle treasury management, accounts payable, payments, FX and now payroll.
Finance teams configure the rules — approval thresholds, payment schedules and cash minimums — and the platform executes them automatically, with all transactions logged against a full audit trail. The company holds ISO 27001:2022 certification and works solely with FCA-regulated financial partners.
The newly launched Agentic Workflow Builder allows finance leaders to describe a workflow in plain English, which Round then constructs for their approval. Once signed off, workflows operate continuously around the clock — sweeping idle cash into yield-bearing accounts, chasing contractors for outstanding invoices, or funding payroll early — and alert users via Slack, WhatsApp or email only when human input is required.
The feature is currently in early access with select customers already trialling it across treasury, payments and finance operations.
The Autonomous Payroll module pulls payslips from a provider, prepares the payroll run, routes it for approval, funds it from treasury and confirms execution — removing the need to log into multiple systems or carry out manual funding steps.
The fresh capital will be directed towards accelerating product development, growing the engineering and go-to-market teams, deepening integrations across banks and financial systems, and scaling the platform’s infrastructure. Round also intends to invest in community-led growth through finance-focused hackathons, workshops and webinars aimed at helping teams build and discover automated workflows.
Round co-founder Pac O’Shea said, “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.”
Round co-founder Hayyaan Ahmad said, “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.”
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