Former engineers from Stripe and Tide have secured €7.5 million for a fintech venture.

      The fintech company based in Dublin and London, created by former engineers from Stripe and Tide, has completed over 100,000 transactions and processed 40,000 invoices for more than 80 initial customers. Its recent seed round of €7.5 million, led by 13books, brings total funding to €10 million and makes the platform accessible to any startup in the UK and Ireland.

      Seapoint, an AI-driven financial operations platform for startups, secured €7.5 million in its seed funding round led by 13books, with contributions from Ventures Together, Portfolio Ventures, and over 40 angel investors. Frontline Ventures and Tapestry VC, which also supported the company’s €2.5 million pre-seed round in September 2025, participated again. The cumulative funding now totals €10 million.

      This funding coincides with the platform’s full launch for all startup founders in the UK and Ireland, moving beyond its previous waiting list model.

      The list of angel investors is impressive, featuring Claire Hughes Johnson, former COO of Stripe; George Bevis, founder of Tide; and Des Traynor, co-founder of Intercom, among others. The pre-seed funding round had previously attracted former COOs from companies such as Stripe, Revolut, Tide, and Tines. This strategy of hiring talent from firms it seeks to rival or assist is intentional: Seapoint’s fundamental proposition hinges on its understanding of the financial challenges faced by scaling startups, as its team has developed the infrastructure those businesses currently use.

      The issues Seapoint addresses are familiar to anyone managing finance at a company in the seed to Series B stage. Many accounts are isolated, invoices accumulate unpaid in email, payroll operates on different systems, monthly reports from accountants arrive weeks after month-end without vendor-level breakdowns, and surplus cash earns minimal interest in regular business accounts.

      Individually, these problems aren't technically complex. The challenge lies in the fact that no single product effectively resolves all of them simultaneously, and founders striving to achieve their next funding milestone often lack the capacity to create an effective financial stack from scratch.

      Seapoint’s strategy merges financial connectivity with integrated financial products. In terms of connectivity, users can link their bank accounts, Gmail, and accounting software, allowing the platform to categorize every transaction by vendor name in real-time and sync with Xero.

      On the product side, it offers multi-currency business accounts, a money market treasury account (utilizing Wealthkernel and BlackRock funds), and virtual team cards, all embedded within the platform, enabling founders to pay invoices, optimize idle cash into yield, or issue cards without exiting the app.

      The company suggests that a founder with £400,000 in the treasury account could generate around £14,000 in interest over a year—money that would otherwise remain stagnant with near-zero interest in a typical account.

      Initial traction has been modest yet tangible, with over 80 companies using Seapoint for their financial operations. The platform has handled more than 100,000 transactions and over 40,000 invoices, which the company claims enhances the accuracy of its AI categorization.

      CEO Sean Mullaney, who previously served as Stripe's European CIO and CTO at AI unicorn Algolia, has also provided consultancy to the European Central Bank and the Bank of England.

      The competitive environment is dense, with companies like Revolut Business, Tide, Airwallex, Mercury, and Brex targeting similar customer segments and offering comparable features.

      Seapoint distinguishes itself through two main arguments: the depth of integration (offering banking, automation, and accounting within a single product rather than three separate ones) and its specific target segment (UK and Irish VC-backed startups, rather than a broader SME focus).

      The key question for investors in this space is whether this constitutes a significantly unique position or just a feature set that larger companies could easily replicate.

      Seapoint has a solid case with 80 paying customers and €10 million in funding; now, it must leverage this to achieve the growth necessary for a Series A round. Scheduled for release later in 2026 are features like cash flow forecasting, physical cards, foreign exchange, and US dollar accounts. Mullaney has also mentioned aspirations for AI agents that could directly integrate financial data into investor updates and planning tools as a long-term product goal.