Round Treasury, an all-in-one banking and treasury platform, has recently closed a €1.9m pre-seed funding round.
This financial injection was spearheaded by Passion Capital, according to a report from EU Startups.
The round saw additional contributions from Tiny VC, Ascension, Samos Investments, and Entrepreneur First. Notably, the round also drew support from influential FinTech personalities such as Darren Westlake, Simon Taylor, Pranav Sood, and former executives from Stripe and Starling. Several of Round’s early adopters also pitched in as angel investors.
The core focus of Round Treasury is addressing the dire need among small and medium-sized businesses (SMBs) for effective financial management. Many SMBs are currently caught between outdated Enterprise Resource Planning (ERP) systems and simplistic Excel spreadsheets, struggling with cash flow and liquidity management. The collapse of Silicon Valley Bank in 2023 heightened the urgency for robust financial safeguards, making Round’s solutions particularly relevant.
Founded by CEO & Co-Founder Pac O’Shea and his partner Hayyaan Ahmad, Round Treasury aims to eliminate the complexities and rigidities of traditional financial tools.
Their platform offers a seamless integration of banking, treasury, and cash management in one unified solution, making financial operations effortless for founders and CFOs. At its core, Round’s treasury solution allows startups to maximise their financial efficiency, offering up to 5% yield on investments with immediate liquidity, backed by Blackrock’s government security money market funds.
Additionally, Round introduces a multibanking feature, which consolidates multiple bank accounts into a single interface, allowing for streamlined financial oversight and enhanced Federal Deposit Insurance Corporation (FDIC) protection through diversified Vault Savings Accounts.
Pac O’Shea commented on the funding, highlighting the disjointed nature of financial management that many founders face. “We kept hearing the same thing—managing finances felt disjointed, with founders juggling too many platforms and tools just to keep track of their cash. Our mission is to make financial management easy, no matter how complex it seems.
“We’re focused on building a product that founders and CFOs love because it saves them time, protects their funds, and helps them grow their businesses. Our goal is to make financial management as seamless as possible so founders can focus on building their businesses.”
With the new funding, Round is poised to expand its team and refine its product to cater to the evolving needs of founders and CFOs across Europe, aiming to bring its streamlined financial management solutions to more high-growth startups.
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