London Fintech Round Raises $6M to Automate Payroll and Finance Workflows April 13, 2026 - 7:48 am The London fintech startup, Round , has closed a seed round raising $6 million. The company, used by Cleo and PostHog, automates 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 investment. Key Highlights: Automated Treasury Management: Round sits between a company's banks, ERP systems, and payment rails, orchestrating cash flows automatically rather than requiring manual execution by finance teams.
Workflow Automation: Finance teams define parameters and approval thresholds. Round generates workflows for approval and executes them continuously, alerting teams only when a decision is needed. Autonomous Payroll: Round automates the multi-system process of payroll by pulling payslips from existing providers, routing approvals, funding runs, executing payments, and confirming completion.
Comparative Advantage: Co-founder Pac O'Shea drew an analogy to software tooling: "Cursor didn't get big by replacing the CTO... We're taking the same approach, but for finance." Round aims to revolutionize financial operations with a fundamentally new approach rather than optimizing existing processes.