sea pointAccording to the statement made by the company, artificial intelligence-supported Fintech raised 7.5 million Euros for seed financing. The funding round was led by 3Books with participation from individual investors, including the Intercom co-founder. Des TraynorMark Ransford and Kota CEO Luke Mackey. In total, the company raised €10 million in funding.
Seapoint was founded by former Strip executive Sean Mullaney and is joined by a team of Stripe veterans. The startup is described as part of a wave of former Stripe European operators setting up ventures after Stripe’s first secondary liquidity event.
Seapoint is a Fintech that uses artificial intelligence to integrate with banks, email and accounting systems to automate reporting, bookkeeping, expense management and payroll. Founders connect what they already use to start gaining clarity and control over their finances from the start
Seapoint also offers embedded financial products including multi-currency accounts, payments, cards, treasury and foreign exchange.
The company has reported rapid six-month growth, with the number of customers doubling in the last three months and the number of employees increasing by 137.5% in the last 12 months.
Seapoint CEO Mullaney says founders have had to work with fragmented Fintechs that “bring together” banks, payroll and more. Seapoint aims to address this pain point for startups by enabling integrations and providing the data companies need to gain a holistic view of operations.
“Seapoint is building something that Europe’s startup ecosystem has needed for a long time,” he said. Michael McFadgen13 books.
