Ex-Stripe Engineers Raise €7.5M for AI Financial Operations Platform Targeting UK Startups

Ex-Stripe and Tide engineers raise €7.5M for a fintech

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.

Ex-Stripe team raise €7.5 million for startup operations platform

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The round was led by London-based fintech VC 13books, with participation from additional VCs and over 40 angel investors. Founded in January 2025, Seapoint's new funding comes shortly after its pre-seed announcement, and arrives alongside Seapoint opening self-service signups to all UK and Ireland founders for the first time. Built for venture-backed startups from Pre-Seed to Series A, any founder in the UK or Ireland can now visit the Seapoint website and start using the platform. In the first 10 minutes, Seapoint uses AI to import and connect a startups' existing banks, email and accounting systems to automate reporting, bookkeeping, expense management and payroll. Seapoint also offers embedded financial products, including multi-currency accounts, payments, cards, treasury and FX so startups can manage their entire financial operations in one place and can consolidate their fragmented finance stack. Seapoint was founded by Sean Mullaney, a former Stripe European CIO, and more than half of the Seapoint team are Stripe alumni who worked together before founding the company. "Founders have been stuck stitching together banks, neobanks, payroll tools, and spreadsheets for too long," says Mullaney. "Seapoint gives them a financial home - an AI-native business account with payroll, expenses, treasury, invoices, and reporting built in. Connect what you already use in minutes and you have a complete picture of your finances from day one. This funding will enable us to bring that to every ambitious startup in Europe."