London-based Synthera, a fintech company leveraging generative AI to transform financial market analysis, has raised $1.86M (approximately €1.77M) in a pre-seed funding round.

Led by Motive Ventures, the round also saw participation from Entrepreneur First, Transpose Platform, KDX (led by Stanford Professor Ashby Monk), BuenTrip Ventures, Robin Capital, and Angel Invest. 

Angel investors, including a former Citadel Portfolio Manager and experienced asset managers, further showed confidence in Synthera’s approach.

Michael Hock, Partner at Motive Ventures, says, “Synthera is solving a fundamental problem in the financial industry: the inability of historical data and traditional models to account for the realities of today’s markets.”

“By leveraging cutting-edge generative AI, they are creating a product that addresses a critical need for financial institutions looking to improve risk management and portfolio outcomes. We’re proud to back such a visionary team.”

What does Synthera offer?

Synthera claims to leverage generative AI to address flaws in traditional financial forecasting methods like Monte Carlo simulations. According to the company, these conventional approaches often overfit historical data, fail to account for dynamic market changes, and miss non-linear correlations, increasing investors’ exposure to risks.

By generating synthetic market data, Synthera enables investment teams to forecast risks, including rare tail events, identify non-linear correlations for better diversification, and stress-test portfolios using bespoke forward-looking scenarios. 

The platform’s AI-driven models simulate realistic market conditions across yield curves, equities, FX, and other financial factors, providing deeper insights and precision in portfolio optimisation and risk management.

Synthera was founded by Mariana Barona, a Cambridge graduate and former Goldman Sachs Asset Management specialist, and Lukas Schreiner, an AI and quantitative finance expert with experience at LPA and Swiss Quant. 

Oxford Professor Rama Cont, an expert in quantitative finance and risk management who serves as Synthera’s scientific advisor, advises the team.

Co-founder and CEO Barona says, “By bridging the gaps in traditional approaches, Synthera provides financial institutions with the tools to anticipate and navigate market complexities in ways that weren’t possible before. This fresh funding allows us to bring our solution to market and help investment teams unlock better, data-driven decisions.”

Capital utilisation

Synthera will use the funds to accelerate product development, expand its team of engineers and data scientists, and collaborate with financial institutions to pilot its technology.

The company aims to help hedge funds, asset managers, pension funds, and banks improve insights and enhance risk-adjusted returns.

Barona says, “Our technology is not just about improving what exists—it’s about redefining how investment teams think about data and risk in a dynamic market environment.”

London-based 9fin, an AI-powered analytics platform for debt capital markets, announced on Monday that it has raised $50M (approximately €47.4M) in a Series B round led by Highland Europe.

Existing investors, including Spark Capital, Redalpine, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital, also participated in the round.

The new funding will enable the UK company to invest further in its AI technology, grow its analytics team, and accelerate its expansion in the US. 

9fin: Building next-gen debt capital markets technology  

Founded by Steven Hunter and Huss El-Sheikh, 9fin aims to organise the world’s leveraged financial information and make it accessible and usable.

Steven Hunter, Co-founder and CEO of 9fin says, “Debt markets are the biggest overlooked asset class in the world, and yet they still rely on technology and information sources straight out of the 1980s – opaque, slow, and messy. We started 9fin to give professionals in the market a data edge, with smarter, faster intelligence. I’m really proud of the product, team, and company culture we’ve built so far at 9fin, and we’re just getting started. There’s a huge opportunity to build the #1 global provider of debt market analytics and bring debt markets into the AI age. We’re delighted to welcome Highland as a partner to help us achieve that vision.”

Through an AI-powered data and analytics platform, the company centralises everything that’s required to assess credit or win a mandate from one location using machine learning and computer vision.

Through its platforms, 9fin offers products such as news alerts, financials, covenants,  comparables, deal predictions, ESG, restructuring, and search.

9fin says its platform makes searching, filtering, and analysing extremely complicated data simple, helping subscribers win business, save time, and perform better than their competitors. 

Since its Series A+ round in 2022, the UK company has achieved 400 per cent group-wide ARR growth, with its US business growing at an even faster rate.

The company has also grown to 240 employees and recently doubled the size of its tech team, driving increases in product development speed.

Over this period, the company has more than doubled its customer base to nearly 200 of the largest firms in global credit markets, including leading investment banks, distressed debt advisors, private equity, credit fund managers, and law firms.

9fin is used by asset managers with a combined AUM of over $17T, with many more debt market professionals discovering its intuitive platform each week. 

Huss El-Sheikh, Co-founder and CTO of 9fin, says, “From the moment we started building at our kitchen table, 9fin has pioneered the use of AI in debt capital markets, setting a new industry standard. By investing in the best product and engineering talent, we’ve dramatically increased product velocity, delivering capabilities to give our customers the best workflows, tools, and insights, and helping them navigate easily through complex financial markets.”

The investor

Highland Europe invests in exceptional growth-stage technology and consumer companies. It has raised over €2.75B and has invested in companies such as Adjust, AMCS, Camunda, ContentSquare, Deepki, Descartes Underwriting, GetYourGuide, Featurespace, Finbourne, Huel, ME+EM, Nexthink, Nothing, Oritain, PVcase, SoSafe, Supermetrics and Zwift.

Fergal Mullen, Co-founder and partner of Highland Europe, says, “Debt markets are booming but data and technology offerings simply haven’t kept pace. 9fin’s vision, its relentless focus on technology, innovation, and company culture, position it as the go-to platform for those working in debt markets. We’re thrilled to support their ambition to become the global market leader.”

London-based Goodstack, a SaaS and fintech platform empowering companies to integrate positive impact into what they do, has secured $28M (approximately €26.57M) in a Series A funding round.

The investment was led by General Catalyst and supported by existing investors Morpheus Ventures and Repeat (formerly Jigsaw).

Quentin Clark, MD of General Catalyst, says, “Goodstack enables its customers to serve all stakeholders—employees, customers, and communities—by supporting nonprofits and charitable giving.”

“The validation and trust that partners like LinkedIn and Canva have in Goodstack is a powerful testament to the company’s value, and combined with strong leadership, positions Goodstack well for continued success.”

Goodstack, now a 100-member team with offices in London, San Francisco, and Sydney, plans to use the funds to enhance corporate services, expand its nonprofit technology stack, and grow its team further in 2025.

Percent is now Goodstack

Goodstack (formerly known as Percent), a platform for corporate and nonprofit philanthropy, has facilitated over $1B in donations from 1 million contributions in the past year. The company rebrands to reflect its mission of uniting businesses and nonprofits to address global challenges through its platform.

For companies, Goodstack offers tools to manage donations, product giving, grants, and workplace contributions, supported by high-quality reporting. For nonprofits, it provides access to new funding streams and advanced technologies for operational efficiency.

Operating across 215+ countries, Goodstack focuses on global reach, user experience, and fostering an ecosystem of businesses and nonprofits working for a better world.

Making it easy for businesses to do good globally

Goodstack’s approach is built on three pillars: effortless impact, offering ready-to-use solutions to quickly enhance corporate impact programs; worldwide verification, ensuring compliance and enabling cross-border payment capabilities; and a unified giving platform that consolidates customer and employee donations, grants, and in-kind contributions into a single solution.

Partnering with global brands like LinkedIn, Canva, Atlassian, and Monday.com, Goodstack is set to channel over $3B in donations to charities across 215+ countries in 2024, a threefold increase from last year. Beneficiaries range from organisations like the Red Cross and Oxfam to grassroots initiatives.

Henry Ludlam, founder and CEO of Goodstack, says, “Being purpose-led is baked into our generation. People now expect companies to put purpose at the heart of what they do to make a difference to society. Today this is harder for companies than it should be.”

“Our product makes it easy for businesses to quickly build purpose and giving into their customer, employee and corporate offerings, driving significant consumer, nonprofit and investor value. Meanwhile, nonprofits are behind the private sector in terms of the technologies they are using to catalyse their purpose.”

“We aim to be the “Stripe for philanthropy” and our mission is to deliver the world’s best technology & funding to them as quickly as possible.”

Zurich-based Wyden, a digital asset trading company, announced on Wednesday, November 13, that it has secured $16.9M (approximately €15.9M) in a Series B funding round led by Truffle Capital, a Paris-based global fintech investment firm.

New investors PostFinance, SBI-Sygnum-Azimut Digital Asset Opportunity Fund, and FiveT Fintech, as well as existing investor C3 Venture Capital, also participated in the round.

Fund utilisation

Wyden will use these funds to grow strategically by focusing on new markets and expanding its services for banks, brokers, and exchanges.

The company aims to enter markets where digital assets have strong regulatory standards, like the EU, Switzerland, Turkey, the UAE, Singapore, Hong Kong, Brazil, and other key areas.

In 2025, the Swiss company plans to add up to 20 more banks, brokers, and exchanges to its ecosystem.

To support this, it will grow its team to 100 professionals, focusing on improving sales, marketing, product development, and delivery, particularly in Poland.

By enhancing its teams, Wyden aims to speed up product development and increase sales, setting the stage for future growth.

The announcement comes a few weeks after launching its flagship product — Wyden Infinity, a cloud-native, end-to-end digital asset trading and banking system created to support the digital asset needs of banks and brokers.

Andy Flury, founder and CEO of Wyden, adds, “We are thrilled to solidify our position as a global leader in institutional digital asset trading infrastructure with this Series B funding. Combined with our flagship product Wyden Infinity, we are well equipped to meet the surging demand for secure and efficient trading infrastructure for regulated financial services institutions.”

Wyden: Provider of digital asset trading technology

Founded by Andy Flury, Wyden is a provider of digital asset trading technology for institutions.

The platform simplifies digital asset trading by managing the entire trade process and integrating with custody services, banking systems, and portfolio management.

The company is based in Zurich and has product hubs in Poland, along with offices in Singapore and New York.

Current clients include well-known banks and online brokers like Banque Delubac (France), Smartbroker+, Baader Bank (Germany), Luzerner Kantonalbank, and InCore Bank (Switzerland), along with other major banks.

As per the company’s claims, it is in discussions with potential Tier 1 and Tier 2 banks and brokers that are applying for CASP licenses in France, Italy, Spain, Germany, and Turkey.

The investor

Truffle Capital is an independent European venture capital firm specialising in disruptive technologies in the IT sector (Fintech and Insurtech) and Life Sciences (Medtech and Biotech).

Truffle Capital’s mission is to support the creation and development of young, innovative companies with the potential to become tomorrow’s pioneer.

Currently, the company manages €500M under assets and has raised over €1.2B since its founding.

Truffle Capital has supported more than 120 companies across digital technology and life sciences sectors.

Alexis Le Portz, Partner at Truffle Capital, adds, “Wyden’s impressive institutional client base and innovative platform underscore its leadership in this space. As digital asset regulations evolve, Wyden stands out as the premier choice for banks and brokers, reflecting a strategic opportunity for Truffle Capital.”

Québec, Canada-based Nuvei, a fintech company, has acquired Amsterdam-based Payaut, a fintech startup that provides an automated payment solution for online platforms and marketplaces.

Ernst Van Niekerk, CEO of Payaut, announced about the acquisition through a LinkedIn post.  

“Payaut is entering a new phase. We’re now part of the Nuvei family. Thank you, Phil Fayer and the Nuvei team, for your trust. Looking forward to the next phase, where I will stay on as CEO of Payaut, Nuvei Group,” says Niekerk.

As a part of the acquisition, the Amsterdam company will be merged under Nuvei Group and will be led by Ernst Van Niekerk.

Payaut: Payment solution for marketplaces

Founded in late 2019 by Ernst van Niekerk and Gillis Haasnoot, Payaut provides automated solutions such as reconciliation, balance management, invoicing, seller verification through KYC checks, and split payments. 

The API-driven platform enables customers of any size to efficiently and securely manage their payments and finances while also remaining compliant with legislation such as PSD2.

The company obtained its licence to provide payment services from De Nederlandsche Bank (Dutch central bank – DNB) in July 2021.

Payaut acts as an intermediary between sellers and different Payment Service Providers (PSPs).

‍Nuvei: flexible and scalable technology for payments

Nuvei provides flexible and scalable technology that helps companies accept modern payments and offer various payout options.

It also includes services like card issuing, banking, and fraud management.

Operating in over 200 markets and supporting more than 150 currencies, Nuvei allows businesses to connect with their customers through just one integration, making it easier to succeed both locally and internationally.

Stockholm-based Klarna, an AI-powered global payments network and shopping assistant has confidentially filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering.

However, the number of shares to be offered and the price range for the proposed offering have not yet been determined. 

The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions. 

In August, Klarna CEO Sebastian Siemiatkowski hinted at a potential IPO next year, saying it “sounds reasonable,” but noted that no commitment has been made. He indicated a preference for a U.S. listing while exploring options in Europe, reports Reuters. 

Klarna’s previous developments

The announcement comes a couple of weeks after shareholders of Klarna Group PLC passed the ordinary resolution to remove Mikael Walther from the Board of Directors. 

Also, the Swedish company announced the launch of Klarna’s Gift Card Store in the UK, in partnership with Blackhawk Network (BHN), a leading global branded payments provider.

In July, the company announced the divestment of Klarna Checkout (KCO). However, it has been rebranded into Kustom post-acquisition by an investor consortium, led by serial entrepreneur Kamjar Hajabdolahi at 5.4 billion kronor ($520M).

Klarna: A global payments solution provider

Founded by Niklas Adalberth, Sebastian Siemiatkowski, and Victor Jacobsson in 2005, Klarna is an eCommerce payment solutions platform for merchants and shoppers.

Best known for its Buy Now Pay Later products, the company’s instant debit option, Pay Now, has been rolled out across all European markets and accounts for around a third of all transactions. 

It means consumers now have the choice to pay in full immediately or pay over time – all without interest.  

It is seamlessly integrated into the checkout process when customers select Klarna as their payment method at participating retailers.

London-based Ooodles, a fintech startup that specialises in IT procurement for SMEs, announced that it has secured an additional $2.7M (approximately €2.54M) in funding.

Besides, the company also announced that it is expanding internationally with a launch in Ireland. This marks the company’s first venture outside the UK, bringing its AI-driven platform, Ooodles OS, to over 309,000 Irish SMEs. 

Ooodles’ funding came from āltitude VC, Europe’s first fund focused on SME tech, with participation from existing investors and the UK-based family office Traditum.

Videesha Boeckle, Partner at āltitude, says, “Ooodles truly understands both the importance of and the challenges faced by SMEs today. Its flexible tech platform offers the agility that SMEs need to overcome operational hurdles in a rapidly changing digital world.”

“This innovative and truly stand-out approach aligns with āltitude’s belief in the potential of SME tech as the next major growth frontier, and it’s refreshing to see a company so committed to helping businesses unlock this potential.”

Capital utilisation

Ooodles will use the funds to support in advance its technology and grow its customer base, building on 24 months of consecutive growth. 

Ooodles claims that its platform currently serves a diverse range of UK SMEs, maintaining a high 96 per cent retention rate and a strong customer recommendation score. 

With this momentum, the startup aims to continue expanding across Europe, projecting to triple its customer numbers within the next year.

IT leasing for SMEs

Ooodles is reshaping IT procurement for SMEs with a flexible, Pay-As-You-Go model that combines the benefits of purchasing and leasing. The company was launched in 2021 by Leonardo Poggiali and Kannan Reghu, who draw on their 15+ years of experience scaling startups in Europe and Asia.

CTO and co-founder Reghu says, “At Ooodles, we’re not just transforming IT procurement; we’re setting the standard for what flexible, sustainable, and scalable solutions should look like in the future.”

“By owning the full stack, we give SMEs the agility and customisation they need to grow, and we’ve done this by stripping the entire process back to basics and rebuilding it from scratch to create something that truly stands out and is impactful – not just for our customers but for the planet.”

“The traction we’ve seen in the UK validates this, and expansion to Ireland is just the beginning. We’re excited to bring Ooodles’ game-changing platform to even more businesses,” adds Reghu.

Unlike traditional options, Ooodles offers customisable plans starting at £3 per month, allowing SMEs to adjust lease terms without penalties, change their device lineup, and even receive credit if they switch to a cheaper plan. This approach aims to provide businesses with financial agility and convenience.

Ooodles claims that its model has led to an average device renewal rate of every 26 months, well below the five-year industry standard, and encourages frequent hardware upgrades, with 73 per cent of SMEs opting for higher-spec devices and 87 per cent upgrading their contracts to leverage full flexibility.

Through a single AI-driven platform, SMEs can manage credit approvals, inventory, and upgrades, streamlining their IT needs while addressing sustainability goals by reducing e-waste. The model also helps SMEs save on costs, improve cash flow, and stay up-to-date with security needs.

Over the past year, Ooodles has activated more than £4M in credit lines to help businesses improve their cash flow.

Operational control

Ooodles owns every part of its service, from financing to technology management. As a licensed fintech, the company operates independently of brokers or third-party platforms, allowing it to leverage its AI-driven Ooodles OS for streamlined efficiency and profitability. 

This approach enables Ooodles to offer a selection of over 10,000 pre-configurable products, available for next-day delivery, ensuring continuity for small and medium-sized enterprises (SMEs).

Leonardo Poggiali, co-founder and CEO of Ooodles, says, “Whether it’s agencies needing high-performance laptops without upfront costs, or fast-growing startups looking to quickly equip their teams with the best devices, every time I meet new clients, there’s a moment when everything clicks; a lightbulb moment where they realise they no longer have to put up with restrictive leasing and can finally have the freedom and flexibility Ooodles provides.”

“We’re solving real problems that millions of underserved SMEs face and creating a perfect market fit where our solution immediately resonates and businesses are left wondering why they put up with poor alternatives for so long.”

In addition to providing flexibility and reliability, Ooodles emphasises sustainability. The company recycles and repurposes thousands of returned devices, contributing to improved ESG ratings for clients and reducing e-waste. 

With plans to become fully carbon-neutral by 2026, Ooodles is expanding its impact in IT leasing, combining operational control with environmental responsibility.

Hamburg-based Tomorrow, a sustainable banking provider, has raised nearly €5M in funding. Existing investors Abacon Capital, ETF Partners and Kopa Ventures as well as first-time investor IFB Innovationsstarter participated in this round.

Existing investors are also involved in the funding round by converting convertible loans worth tens of millions of euros. These investors include Abacon Capital, Porsche Ventures, Rolf Schroemgens, Aenu, Haltra, and some of the founders of Signavio.

Tomorrow has achieved monthly profitability for the first time since June 2024, both at the EBITDA and net income level.

Michael Schweikart, co-founder and co-CEO of Tomorrow, says, “We are currently passing an important milestone with Tomorrow. Despite a challenging market environment, which has hit many startups hard, we were able to secure a substantial financing round and are profitable on a monthly basis for the first time.”

Capital utilisation

Tomorrow will use its new capital mainly for customer growth and expanding its products, including an interest rate product. 

Since October 17, the company has offered flexible account fees for its “Now” account model, allowing customers to pay what they want each month, starting at 0 euros. This pricing model aims to make sustainable banking more accessible and provide a fair, flexible option for customers.

Tomorrow: Everything you need to know

Founded in 2018 by Inas Nureldin, Michael Schweikart and Jakob Berndt, Tomorrow is a sustainable digital banking provider in Europe. The company aims to use money as a tool for positive change, benefiting people, the climate, and the future. 

With over 100,000 customers and more than 10,000 crowd investors, Tomorrow is Europe’s largest crowd-backed company. It offers sustainable current accounts and an investment fund aligned with the Paris Climate Agreement.

Tomorrow ensures all investments avoid harmful industries like coal and factory farming and support projects that align with the United Nations’ Sustainable Development Goals.

Although Tomorrow GmbH doesn’t hold a banking license, it processes transactions through Solaris SE, a fully regulated European bank licensed and supervised by the German Federal Financial Supervisory Authority (BaFin).

Oslo-based Bislab, a fintech startup, has secured €1.7M in a pre-seed round of funding to fuel its international expansion. 

The round was led by Sondo Capital, with additional contributions from angel investors, including Frank Vikingstad (Sysco, Viglio), Christoffer Herheim (Optio), and Bent Skisaker (Autostore).

Credit rating and financial crime prevention

Bislab, a fintech startup founded by four entrepreneurs with experience at SafetyWing, Knowit, and Accenture, has created an accurate and efficient credit assessment system. The team has spent over two years developing the platform from a small apartment in Oslo. 

Bislab’s API solution enables banks, financial institutions, and large companies to perform real-time credit checks and assess risks, including credit ratings, anti-fraud, anti-money laundering, and transaction analysis, by integrating them into their existing systems.

Martin Holten, CEO of Bislab, says, “Our strategy is to create risk assessment products using the latest technology, catering to complex needs in the financial sector.”

Bislab has gained nearly 50 clients, including well-known local companies such as Fiken, Eika Forsikring, and BankID.

Capital utilisation

Bislab recently secured a public contract with the Norwegian Tax Administration, strengthening its position in the Norwegian market. As demand for its services grows, Bislab is planning to expand internationally, with Sweden being the first target, driven by requests from current clients.

Kjetil Holmefjord from Sondo Capital says, “They are an exceptionally driven team, and we couldn’t be more excited about partnering with them as they start their international expansion.”

“We’re excited to build a future where more people have access to financial opportunities,” adds Bislab CEO Holten.

London-based Round Treasury, a banking and treasury platform for startups, announced on Tuesday that it has secured $2.1M (approximately €1.9M) in a pre-seed funding round led by Passion Capital.

Other investors, including Tiny VC, Ascension, Samos Investments, and Entrepreneur First, also participated in the round.

The funding round also attracted support from prominent fintech figures, including Darren Westlake (founder of Crowdcube), Simon Taylor (11FS), Pranav Sood (GM of Airwallex), and former executives from Stripe and Starling.

Several of the company’s early customers also participated as angel investors.

The UK company plans to use the funds to expand its team and continue refining its product to meet the evolving needs of founders and CFOs.

Additionally, the company plans to expand its services across Europe, bringing its simple, intuitive platform to more high-growth startups.

Birth of Round Treasury

Round Treasury was founded by Pac O’Shea and Hayyaan Ahmad after realising a crucial insight — existing financial tools were too rigid and complex for modern businesses.

Talking about the inspiration behind founding Round Treasury to Silicon Canals, Pac O’Shea, CEO & co-founder says, “The inspiration for Round Treasury came from a simple but universal frustration: managing business finances was too complicated, scattered across too many tools. Founders and CFOs were wasting time navigating fragmented systems when what they needed was a single, unified platform.”

As a result, the founding duo developed a solution to simplify cash management and protection.

“The idea crystallised during two key moments. First, while consulting for a major European bank, it became apparent that the bank only provided cash management services to businesses with over £100M, leaving smaller companies without support. At the same time, as a Venture Partner, I kept hearing from startups about how poor their banking experiences were—fragmented, inefficient, and risky. The collapse of Silicon Valley Bank further emphasised the need for startups to have better financial tools tailored to their needs,” he adds.

What does Round Treasury do?

Round Treasury was created to provide a platform where founders and CFOs could manage all their financial needs in one place.

Explaining the Round Treasury’s differentiating factor, O’Shea says, “Most fintech companies focus on building point solutions—they solve one problem but end up creating more complexity. You end up juggling multiple apps, logging into different services, and managing a fragmented system. It’s like trying to fix a leak with a thousand tiny patches.”

Round Treasury’s platform consolidates banking, treasury, and cash management, making it easy for founders and CFOs to manage their finances.

“We’re taking a different approach. Instead of adding more tools to the stack, we’re bringing everything together into one platform. All your financial management is in one place, working seamlessly. We also use AI to automate 40 per cent of manual tasks, so they can spend less time managing and more time focusing on your business,” he continues.

The company’s core offering is a treasury solution that helps startups extend their runway and grow their teams by earning up to 5 per cent yield with next-day liquidity through government security-backed Blackrock money market funds.

The company 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.

The platform 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.

Challenges

According to O’Shea, the company’s platform development posed several significant challenges.

“Firstly, there was the task of navigating financial regulations, which was addressed by seeking expert help like the ex-head of compliance at Entrepreneur First. His expertise made sure we built something that worked and worked right from day one,” he says.

The team also worked on simplifying the Know Your Business (KYB) process, which used to take several weeks. By carefully refining and optimising it, they managed to shorten the process to just a few days.

“The hardest part, though, was making everything feel seamless. We didn’t want to just build features—we wanted to build an experience. The only way to do that was by listening. Since January, we’ve spoken to 1.5 customers a day on average. Their feedback has guided us, helping us create a platform that feels simple, intuitive, and powerful,” he adds.

Based on the feedback, the UK company realised businesses struggled with fragmented and inefficient processes. They used multiple tools with countless features, but only a small percentage of them.

As a result, Round Treasury focused on creating a platform that simplifies everything and saves time wherever possible such as streamlining the onboarding and KYC processes from weeks to days to automating key financial tasks such as deposit diversification and withdrawals.

“But one thing automation can’t replace is human connection. Our customers told us they wanted more than just a product—they wanted support when they needed it. This is why we offer live, 24/7 support to all our customers, ensuring they always have someone to talk to,” he adds.

How did Silicon Valley Bank collapse reshape Round Treasury?

The collapse of Silicon Valley Bank made businesses rethink financial security, and Round Treasury is no exception!

As a result, the London company enhanced its platform’s security and risk management features to provide an even more resilient system.

“We integrated multi-bank partnerships to help spread risk and ensure users are never reliant on a single financial institution. This gives our customers greater peace of mind, knowing that their assets are diversified and protected,” O’Shea explains.

Additionally, Round Treasury prioritised transparency, allowing businesses to easily track their finances with each banking partner and how they are spending, helping them make informed decisions.

“Finally, we’ve doubled down on customer support. We know that when there’s uncertainty in the financial world, quick and reliable communication becomes critical. We’ve expanded our support team to ensure our customers always have someone to talk to when they need reassurance or guidance,” he states.

What does the future hold for Round Treasury?

According to Pac O’Shea, the company is planning to focus on automation and intelligence.

“Treasury is the heart of every financial operation, where every money movement starts. We’re taking that and making it smarter, faster, and almost invisible,” he adds.

“The future isn’t about managing more; it’s about managing less. We’re building a system that works for you, so you can focus on growing your business, not managing the back-office details,” he concludes.

The investor

Passion Capital is an early-stage venture capital firm based in London.

To date, the company has funded 97 early-stage tech startups, backing over 100 founders who have grown their teams to include over 1000 team members.

“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,” says Eileen Burbidge, Partner at Passion Capital.