Key figures from the fintech world also joined the round, including Darren Westlake (Crowdcube), Simon Taylor (11FS), Pranav Sood (Airwallex), and former executives from Stripe and Starling Bank. Several of Round’s early customers, recognising the platform's potential, invested as angel backers.

Small and medium-sized businesses (SMBs) face significant challenges in managing their finances, often relying on outdated ERP systems or manual Excel processes. Founders and CFOs are left grappling with cash management issues, struggling to optimise liquidity and ensure transparency. The collapse of Silicon Valley Bank in 2023 underscored the need for greater financial security, pushing safeguarding cash to the forefront of business concerns. Round Treasury aims to fill this gap with its tailored solution.

Round CEO & Co-Founder Pac O'Shea's experience with fintech clients and as a previous Venture Partner revealed a crucial insight: existing financial tools were too rigid and complex for modern businesses. In response, Pac and his Co-Founder Hayyaan Ahmad, developed a solution to simplify cash management and protection. This new platform addresses the critical need for versatile, user-friendly financial management in the post-SVB world, where diversifying funds and ensuring accessibility is more crucial than ever for SMBs.

Round was created to provide a platform where founders and CFOs could manage all their financial needs in one place. By consolidating banking, treasury, and cash management into one platform, Round allows founders and CFOs to manage their finances with minimal effort. At the heart of its offering is a treasury solution that helps startups extend their runway, grow their teams, by earning up to 5% yield with next-day liquidity through government security backed Blackrock money market funds.

Round also offers a multibanking feature, which allows businesses to manage all their existing bank accounts in one place. Instead of switching between different banking apps, founders and CFOs can view a single, consolidated cash balance. Round also offers Vault Savings Accounts, which give businesses access to hundreds of savings accounts across UK banks, without needing to open individual accounts. This setup enhances FSCS protection, ensuring that deposits are spread across multiple banks and safeguarded against risk.

Round plans to expand its team and continue refining its product to meet the evolving needs of founders and CFOs. The company is preparing to expand its services across Europe, bringing its simple, intuitive platform to more high-growth startups.

Commenting on the investment, Pac O'Shea, CEO and Co-Founder of Round, said, "We kept seeing the same thing with high growth company founders—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."

Hayyaan Ahmad, Co-Founder, adds "A lot of founders don't realise how much cash they are leaving on the table by not following treasury best practices. We want to give founders and CFOs complete visibility and control without any of the hassle. Every feature is designed to be simple - whether it's automating withdrawals, or diversifying your cash across savings accounts. Managing your cash does not have to be a headache."

“Round is doing for treasury management what Stripe and GoCardless did for payments – taking something complex and making it simple. Startups don’t need more complexity – they need clarity, control, and growth. Round delivers all of that in one platform. We’re excited to support their vision as they reshape the financial stack for the next generation of businesses and to ensure companies of all sizes have access to the best solutions and yield," said Eileen Burbidge, Partner at Passion Capital.

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