Round offers an AI‑powered platform that consolidates treasury management, accounts payable, and payroll into a single automated workflow. Its agents handle bank account opening, cash sweeps, FX, invoice processing and payroll scheduling, while idle cash is invested in high‑yield money‑market funds, delivering higher returns and reducing manual processing time for finance teams.
Funding
$2.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
1OFounders
Product
Problem
Finance teams spend significant time on manual treasury, accounts payable, and payroll tasks such as logging into multiple bank portals, copying data between spreadsheets, and chasing approvals, which leads to errors, delayed payments, and underutilised cash.
Solution
Round provides an AI‑powered platform that automates treasury management, supplier payments, and payroll in a single workflow. Integrated “agents” handle bank account opening, cash sweeps, FX, and invoice processing, eliminating the need for manual bank logins and spreadsheet reconciliations. Idle cash is automatically invested in high‑yield money‑market funds while remaining liquid for bill payments, increasing yield compared with standard business savings accounts. The platform connects all external bank accounts, offers real‑time visibility, and integrates with accounting systems such as Xero, NetSuite, Stripe and Slack. Users can build custom automation rules through a drag‑and‑drop workflow builder, and the system executes payments and payroll on the exact due dates, reducing processing time and operational overhead.
Target Audience
Primary customers are CFOs, finance leads, and founders of fast‑growing startups and mid‑size companies that need automated treasury, AP, and payroll across multiple entities and currencies.
Features
- AI Treasury Manager agent that automates cash positioning, sweeps, and top‑up rules across multiple currencies
- Automated bank account opening and linked‑account visibility for all business accounts in a single login
- Supplier payment automation with AI‑powered OCR invoice capture, approval routing, and auto‑funding from treasury
- Payroll automation (in beta) that schedules payments, reads payslips, and funds payroll directly from treasury
- Multi‑currency FX engine with low‑fee conversions and real‑time rate monitoring
- High‑yield money‑market fund integration (via BlackRock) to earn up to 4× standard savings yield while maintaining liquidity
- Pre‑built and custom workflow builder with drag‑and‑drop interface, supporting up to 20 concurrent workflows
- Integrations with Xero, NetSuite, Stripe, Pleo, Slack and API export for BI tools, plus SSO/SAML for enterprise security