Seapoint raises €7.5M and opens to all UK and Irish founders. April 21, 2026 - 9:34 am The Dublin and London-based fintech, founded by ex-Stripe and ex-Tide engineers, has processed over 100,000 transactions and 40,000 invoices across 80+ early customers. Its €7.5M seed round, led by 13books, brings total funding to €10M and opens the platform to any startup in the UK and Ireland. Seapoint, the AI-powered financial operations platform for startups, has raised €7.5 million in a seed round led by 13books, with participation from Ventures Together, Portfolio Ventures, and more than 40 angel investors. Frontline Ventures and Tapestry VC, which backed the company's €2.5 million pre-seed round in September 2025, also returned. Total funding now stands at €10 million. The raise coincides with the platform going fully live for any startup founder in the UK and Ireland, previously it was available only through a waiting list. The angel list carries weight. Claire Hughes Johnson, former COO of Stripe, George Bevis, founder of business banking startup Tide, and Des Traynor, co-founder of Intercom, are among those backing the company. The pre-seed round had already attracted former COOs from Stripe, Revolut, Tide, and Tines. That pattern of recruiting operators from the companies it is trying to displace or complement is deliberate: Seapoint's core pitch is built around the claim that it understands the financial pain of scaling startups because its team built the infrastructure those companies already use. The problem Seapoint is solving is familiar to anyone who has run finance at a company between seed and Series B. Accounts sit in one place, invoices arrive by email and pile up unpaid, payroll runs through a separate system, the accountant's monthly report arrives three weeks after month-end with no vendor-level breakdown, and idle cash earns nothing in a standard business account. None of these problems are technically difficult in isolation. The difficulty is that no one product has solved all of them together, and founders who are trying to reach their next funding milestone rarely have the bandwidth to build a coherent finance stack from scratch. Seapoint's approach combines financial connectivity with integrated financial products. On the connectivity side: link your bank accounts, Gmail, and accounting software, and the platform categorises every transaction by vendor name in real time and syncs with Xero. On the product side: multi-currency business accounts, a money market treasury account (powered through Wealthkernel and BlackRock money market funds), and virtual team cards, all native to the platform, so a founder can pay an invoice, sweep idle cash into yield, or issue a card without leaving the app. The company claims a founder with £400,000 in the treasury account could earn around £14,000 in interest over a year, money that would otherwise sit idle at near-zero rates in a standard account. The early traction is modest but concrete. More than 80 companies are running their finances on Seapoint. The platform has processed over 100,000 transactions and more than 40,000 invoices, which is what the company says makes its AI categorisation accurate rather than generic. CEO Sean Mullaney, the former European CIO at Stripe who also served as CTO at AI unicorn Algolia, has previously advised the European Central Bank and the Bank of England. The competitive landscape is crowded. Revolut Business, Tide, Airwallex, Mercury, and Brex all target similar-sounding customer segments with similar-sounding features. Seapoint's differentiation argument rests on two things: the integration depth (banking plus automation plus accounting in one product rather than three) and the target segment (UK and Irish VC-backed startups specifically, not SMEs broadly). Whether that is a meaningfully distinct position or a feature set that larger players can replicate is the central question investors in this category are always trying to answer. Seapoint has an argument, backed by 80 paying customers and €10 million; it now needs to convert that into the kind of growth that justifies a Series A. Coming later in 2026, according to the company: cash flow forecasting, physical cards, foreign exchange, and US dollar accounts. Mullaney has also flagged AI agents that push financial data directly into investor updates and planning tools as a longer-term product ambition.

Seapoint aims to be go-to finance platform for scaling firms with €7.5m raise. Suggested for You

Seapoint and WealthKernel partner to simplify treasury management for European startups. WealthKernel, a digital investing infrastructure provider, today announces its partnership with Seapoint, a business account that automates payroll, expenses, invoice payment, reporting and more for startups and scale-ups. The partnership enables Seapoint to offer access to Money Market Funds (MMFs) and custody services to its customers. For many high-growth companies in Europe, managing finances remains fragmented and manual. A recent study showed that 95% of UK finance leaders face challenges in business spend and expense management, with many lacking real-time visibility into their spending patterns due to disconnected tools. Manual treasury work also keeps them from mission-critical tasks, and in the current economic climate, control over cash has never mattered more. "A critical gap in this landscape is treasury management," said Sean Mullaney, CEO of Seapoint. "Many startups that have recently raised significant venture funding leave their capital sitting in current accounts, missing out on returns that could extend their runway. While founders understand the opportunity cost, the friction of onboarding with additional providers and undergoing further KYC paperwork often prevents them from putting their cash to work." Seapoint aims to solve this by simplifying access to MMFs for startups to earn yield on idle cash. Their platform provides a unified business account that automates payroll, expenses, invoice payments, and reporting using AI. Through this partnership, Seapoint has integrated WealthKernel's API-first infrastructure to offer Institutional treasury products, specifically BlackRock Sterling and Euro Government Liquidity Funds, directly within its platform by operating as an Appointed Representative (AR) of WealthKernel. "Treasury management kept coming up as something our customers really wanted, but they didn't want the hassle of managing another platform," said Sean Mullaney, CEO of Seapoint. "Working with WealthKernel lets us offer institutional treasury products right inside Seapoint, so our customers can put their cash to work without adding complexity to their operations. Their AR framework gave us a clear path to market, while their API support helped us build and launch a smooth customer experience, quickly." "We are excited to partner with Seapoint to help bridge the gap between business banking and treasury, tackling a major pain point for European startups," said Karan Shanmugarajah, CEO of WealthKernel. "With WealthKernel's API-first tech stack, we are helping businesses like Seapoint equip founders with the tools to manage their capital more efficiently while staying focused on scaling their businesses."