Seapoint, an artificial intelligence-powered Fintech, has raised €7.5M in seed funding, according to a company statement. The funding round was led by 3Books, with participation from individual investors including Intercom co-founder Des Traynor, Mark Ransford, and Kota CEO Luke Mackey. In total, the company has raised €10 million in funding.
Seapoint was founded by former Stripe executive Sean Mullaney and is joined by a team of Stripe veterans. The startup is described as part of a wave of ex-Stripe Europe operators building startups after Stripe’s first secondary liquidity event.
Seapoint is a Fintech that leverages AI 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 onset
Seapoint also offers embedded financial products, including multi-currency accounts, payments, cards, treasury, and FX.
The company reports rapid growth over the six months, with customer numbers doubling in the last three months and headcount growing by 137.5% over the last 12 months.
Mullaney, CEO of Seapoint, says that founders have been stuck working with fragmented Fintechs “stitching together” banks, payroll, and more. Seapoint aims to address this pain point for startups by enabling integrations and providing the data firms need to gain a holistic view of operations.
Seapoint is building something Europe’s startup ecosystem has needed for a long time,” said Michael McFadgen, 13books.