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London-based Round Treasury Raises €1.9 Million to Simplify Financial Management for Startups

London-based fintech startup, Round Treasury, has raised €1.9 million in a pre-seed funding round to simplify treasury management for founders and CFOs. The investment was led by Passion Capital, known for backing fintech giants like Monzo, Tide, and GoCardless, with additional support from Tiny VC, Ascension, Samos Investments, and Entrepreneur First. High-profile fintech figures, including Darren Westlake (Crowdcube), Simon Taylor (11FS), Pranav Sood (Airwallex), and former executives from Stripe and Starling also participated in the round, alongside some of Round’s early customers.

A Growing Need for Better Treasury Solutions

The funding comes as small and medium-sized businesses (SMBs) face increasing challenges in managing their finances. Many are stuck between outdated ERP systems and basic tools like Excel, leaving founders and CFOs grappling with inefficient cash management and limited visibility over liquidity. The 2023 collapse of Silicon Valley Bank further highlighted the importance of safeguarding cash and optimizing financial security for growing businesses.

Round’s CEO & Co-Founder, Pac O’Shea, observed these issues firsthand through his work with fintech clients and as a Venture Partner. Along with Co-Founder Hayyaan Ahmad, he developed Round Treasury to provide a comprehensive solution that simplifies cash management and ensures financial security for modern businesses.

An All-in-One Treasury Platform for Startups

Round Treasury’s platform consolidates banking, treasury, and cash management into a single, user-friendly interface. Key features include:

  • Treasury management that helps startups extend their financial runway by earning up to 5% yield on next-day liquidity through government-backed BlackRock money market funds.
  • Multibanking integration, allowing businesses to manage multiple bank accounts from a single dashboard, providing a consolidated cash balance.
  • Vault Savings Accounts, which give businesses access to hundreds of savings accounts across UK banks, enhancing FSCS protection by spreading deposits across institutions and minimizing risk.

Founder and Investor Insights

Reflecting on the funding, Pac O’Shea emphasized the platform’s mission to streamline financial management for founders: “Managing finances felt disjointed, with founders juggling too many tools just to keep track of cash. We’re building a product that founders and CFOs love because it saves them time, protects their funds, and supports growth.”

Co-Founder Hayyaan Ahmad added: “A lot of founders overlook how much cash they’re leaving on the table by not following treasury best practices. We’re giving them complete visibility and control without the hassle.”

Future Expansion

With the new funding, Round plans to expand its team and refine its product to meet the evolving needs of high-growth startups. The company is also preparing to launch its services across Europe, aiming to bring its simplified financial platform to more businesses.

Eileen Burbidge, Partner at Passion Capital, praised Round’s approach, saying: “Round is doing for treasury management what Stripe and GoCardless did for payments—making something complex, simple. We’re excited to support their vision as they reshape the financial landscape for the next generation of businesses.”

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