London Fintech Round Closes $6M Seed to Automate Payroll and Finance Workflows
April 13, 2026 – 7:48 am
The London fintech company, Round, has secured $6 million in seed funding to automate treasury management, payments, payroll, and FX for finance teams at fast-growing companies.
The round was led by Alstin Capital, with participation from Backed VC and Love Ventures. 10% of Round’s existing customers also invested, alongside new angels including Paul Forster, co-founder of Indeed. Passion Capital, an early backer of Monzo, Tide, and GoCardless, doubled its previous investment.
Key Takeaways:
- Automates Finance Workflows: Round sits between a company’s banks, ERP systems, and payment rails, orchestrating cash flows automatically rather than requiring manual steps from finance teams.
- Two New Products Launched:
- Agentic Workflow Builder: Enables finance teams to describe desired workflows in plain English, which Round then generates for approval and continuous execution, only alerting teams when decisions are needed.
- Autonomous Payroll: Streamlines the payroll process by pulling payslips from existing providers, routing approvals, funding runs from treasury, executing payments, and confirming completion within a single system.
- Comparing to Software Tooling: Co-founder Pac O’Shea draws an analogy to software development tools like Cursor, which automate repetitive tasks without replacing engineers. "We’re taking the same approach, but for finance," he says.
Andreas Schenk, partner at Alstin Capital, praised Round’s unique position: "Round is positioned between banks, ERPs, and payment rails and orchestrates cash flows in real time," representing a fundamentally new approach to finance operations.
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