TECHnicalBeep

Round Treasury, an all-in-one banking and treasury management platform created especially to make life easier for founders and CEOs, has closed the €1.9 million pre-seed investment round.

Tiny VC, Ascension, Samos Investments, Entrepreneur First, and Passion Capital—early investors of GoCardless, Tide, and Monzo—led the funding round. Prominent FinTech leaders such as Simon Taylor (11FS), Pranav Sood (GM of Airwallex), Darren Westlake (creator of Crowdcube), and former executives from Stripe and Starling also supported the investment. Several of Round’s initial clients took part as angel investors as well.

To satisfy the changing needs of entrepreneurs and CFOs, Round intends to grow its workforce and keep improving its products. To provide its straightforward, user-friendly platform to additional high-growth firms, the company is getting ready to extend its services throughout Europe.

Current financial management circumstances are dire for small and medium-sized enterprises (SMBs’). Many small and medium-sized businesses (SMBs) struggle with cash management because they are caught between outdated Enterprise Resource Planning (ERP) systems and simple Excel spreadsheets. Enterprises encounter difficulties in maintaining financial transparency and optimizing liquidity in the absence of a complete treasury management system. The 2023 failure of Silicon Valley Bank served as a wake-up call for founders, who now prioritize cash security and protection above all else.

The purpose of Round was to give founders and CFOs a single platform to handle all of their financial requirements. Round makes it easier for founders and CFOs to handle their finances by combining banking, treasury, and cash management into a single platform. The core of its product is a treasury solution that supports government security-backed Blackrock money market funds, allowing entrepreneurs to build their staff and prolong their runway while earning up to 5% interest with next-day liquidity.

Round also offers a multitasking option, which allows businesses to manage all their existing bank accounts in one spot. Founders and CFOs can see a single, aggregated cash balance rather than navigating between many banking apps. Additionally, Round provides Vault Savings Accounts, which eliminate the need for corporations to open individual accounts and provide access to hundreds of savings accounts across UK banks. This configuration improves the protection provided by FSCS by guaranteeing that deposits are dispersed across several banks and protected against risk.

Eileen Burbidge, Partner at Passion Capital, stated:

“Round is simplifying something complex, like treasury management, the way Stripe and GoCardless simplified payments. Startups want growth, control, and clarity—not further complication. Round offers every single thing on a single platform. We’re pleased to support their vision as they reinvent the financial stack for the next generation of businesses and to ensure firms of all sizes have access to the greatest solutions and yield.”

Pac O’Shea, CEO and co-founder of Round said on the investment:

“We kept hearing the same thing—founders juggling too many platforms and tools just to keep track of their cash. No matter how complicated it may seem, our goal is to simplify money management. Our goal is to create a solution that CFOs and entrepreneurs adore, as it helps them expand their companies, saves them time, and safeguards their investments. Our objective is to simplify financial management as much as possible so that business owners can concentrate on growing their enterprises.”

Co-founder Hayyaan Ahmad continued:

“Many founders are unaware of the amount of money they are throwing out by not adhering to treasury best practices. Our goal is to remove all obstacles and provide founders and CFOs with total power and visibility. Every feature, including diversifying your funds between savings accounts and automating withdrawals, is made to be as easy to use as possible. Taking care of your finances doesn’t have to be difficult.”

Image Credit: Round Treasury

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