Former engineers from Stripe and Tide secure €7.5M for a fintech venture.

      The fintech company based in Dublin and London, founded by former engineers from Stripe and Tide, has successfully processed over 100,000 transactions and issued 40,000 invoices for more than 80 initial clients. Its €7.5 million seed funding round, led by 13books, has increased the 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, has garnered €7.5 million in a seed round led by 13books, with participation from Ventures Together, Portfolio Ventures, and over 40 angel investors. Frontline Ventures and Tapestry VC, which previously supported the company’s €2.5 million pre-seed round in September 2025, have also contributed again. The overall funding now reaches €10 million.

      The fundraising coincides with the platform's launch for all startup founders in the UK and Ireland, as it was previously limited to a waiting list. Notable angel investors include Claire Hughes Johnson, former COO of Stripe, George Bevis, founder of Tide, and Des Traynor, co-founder of Intercom. The pre-seed round also attracted former COOs from Stripe, Revolut, Tide, and Tines, reflecting Seapoint's strategy of recruiting experienced operators from companies it aims to disrupt or support. Seapoint’s primary argument is that it comprehends the financial challenges faced by scaling startups, thanks to its team's background in building the infrastructure these businesses rely on.

      The problem Seapoint addresses is well-known to finance leaders in companies ranging from seed to Series B stages. Financial records are often scattered, with invoices accumulating unpaid via email, payroll managed separately, accountants delivering monthly reports weeks late without granular vendor information, and idle cash sitting unproductive in typical business accounts. While none of these issues are particularly complex on their own, no single product has effectively tackled all of them simultaneously, and founders aiming for their next funding round often lack the capacity to create a comprehensive finance system from scratch.

      Seapoint’s solution merges financial connectivity with integrated financial products. On the connectivity side, users can link their bank accounts, Gmail, and accounting software, allowing the platform to sort every transaction by vendor name in real-time and sync with Xero. On the product front, it offers multi-currency business accounts, a money market treasury account (enabled by Wealthkernel and BlackRock money market funds), and virtual team cards, all embedded within the platform. This allows founders to handle invoices, optimize idle cash for returns, or issue cards without leaving the app. The company claims that a founder with £400,000 in their treasury account could earn approximately £14,000 in interest over a year—money that would otherwise earn negligible interest in a standard account.

      Seapoint's initial traction, while modest, is promising. More than 80 businesses are managing their finances through Seapoint, which has processed upwards of 100,000 transactions and over 40,000 invoices, a volume that the company believes lends accuracy to its AI categorization. CEO Sean Mullaney, who previously worked as the European CIO at Stripe and served as CTO at AI unicorn Algolia, has also advised the European Central Bank and the Bank of England.

      The competitive environment is dense, with firms like Revolut Business, Tide, Airwallex, Mercury, and Brex targeting similar customer segments with comparable features. Seapoint’s unique selling propositions are based on the depth of integration (banking, automation, and accounting offered in a single product) and its specific focus on UK and Irish VC-backed startups, rather than small to medium enterprises more broadly.

      Determining whether this presents a genuinely distinct position or simply a feature set larger competitors can imitate is a key concern for investors in this space. With 80 paying customers and €10 million in funding, Seapoint must now transform this into growth that warrants a Series A round.

      Expected developments for 2026 include cash flow forecasting, physical cards, foreign exchange capabilities, and US dollar accounts. Mullaney has also indicated plans for AI-driven agents that integrate financial data directly into investor updates and planning tools as a future product goal.