Ex-Stripe Team at Seapoint Raises €7.5M Seed to Launch the Financial Home for Europe’s Startup Founders
Seapoint, the AI-native financial operations platform built for Europe’s most ambitious startups, today announced a €7.5 million seed round, bringing total funding to €10 million in just over a year. Seapoint will utilise these new funds to scale ambitiously across Europe.
The round was led by London-based fintech VC 13books, with participation from additional VCs and over 40 angel investors – a strong signal of the support Seapoint has garnered across the European startup community. Backers include Claire Hughes Johnson (ex-COO, Stripe), Laurence Krieger (ex-UK CEO, Tide & ex-COO, Revolut), Intercom co-founder Des Traynor, and Luke Mackey, CEO of Kota, alongside existing investors Frontline Ventures and Tapestry VC. Michael McFadgen of 13books will join Seapoint’s board.
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, sign up, and start using the platform, with no waitlist.
Value in Under 10 Minutes
Founders today are juggling a patchwork of finance products: legacy banks, neo banks, FX providers, payment processors and treasury accounts all duct taped together by email, accountants and spreadsheets.
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. Founders simply connect what they already use and start getting clarity and control of their finances from day one.
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.
The self-service launch follows a private beta with more than 80 design partners who shaped the product from the ground up. Their feedback was consistent: founders want financial infrastructure that works as fast as they do, and until now, nothing in Europe has delivered that.
Built for Founders
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.
That firsthand experience at Stripe, building world-class payments infrastructure for millions of businesses, now informs Seapoint’s approach: purpose-built financial tools that work the way founders actually operate.
“Founders have been stuck stitching together banks, neobanks, payroll tools, and spreadsheets for too long,” said Sean Mullaney, CEO of Seapoint. “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.”
“Seapoint is building something Europe’s startup ecosystem has needed for a long time,” said Michael McFadgen, 13books. “The team is moving fast, the product is sharp, and the demand from founders is real. We’re backing them to become the financial home for the next generation of European companies.”
