Seapoint, an AI-focused financial operations platform aimed at European startups, has successfully raised €7.5 million in a recent seed funding round, boosting its total funding to €10 million within just over a year.
This funding round was spearheaded by the London-based venture capital firm 13books, with participation from over 40 angel investors and several venture capital firms. Among the notable investors are Claire Hughes Johnson, former COO of Stripe; Laurence Krieger, the former UK CEO of Tide and COO of Revolut; Intercom co-founder Des Traynor; and Luke Mackey, CEO of Kota. Existing backers, including Frontline Ventures and Tapestry VC, also contributed to this round.
As part of the investment agreement, Michael McFadgen from 13books will join the board of Seapoint.
In tandem with the funding announcement, Seapoint has opened its platform for self-service sign-ups for founders based in the UK and Ireland, eliminating the previous waitlist for the first time.
The platform is designed for venture-backed startups, ranging from pre-seed to Series A funding stages. Founders can link their existing banking and accounting tools in under ten minutes. Seapoint’s AI features automate tasks such as reporting, bookkeeping, expense management, and payroll instantly from the day of registration. The company also offers integrated financial products, including multi-currency accounts, payment solutions, cards, treasury services, and foreign exchange, allowing startups to manage their financial operations through a single platform.
This self-service initiative follows a private beta phase that engaged over 80 design partners, who provided input on the product’s development. The seed funding will be utilized to expand the platform’s reach throughout Europe.
Founded in January 2025 by Sean Mullaney, the former European CIO of Stripe, Seapoint’s team includes a number of alumni from Stripe, whose experiences in developing scalable payment infrastructures greatly influence the company’s approach to financial tools for founders.
Sean Mullaney, CEO of Seapoint, stated, “Founders have been cluttered with the task of integrating multiple banks, neobanks, payroll solutions, and spreadsheets for far too long. Seapoint provides a comprehensive financial solution—an AI-driven business account that includes payroll, expenses, treasury, invoices, and reporting. With just a few minutes of setup, founders can gain a holistic view of their finances from day one. This funding will allow us to roll out our solution to aspiring startups all across Europe.”
Michael McFadgen from 13books added, “Seapoint is developing a solution that the startup ecosystem in Europe has been lacking for a considerable time. The team is progressing swiftly, the product is well-crafted, and there is genuine demand from founders. We are committed to backing them as they aim to become the financial cornerstone for the next wave of European enterprises.”