Seapoint Raises €7.5M Seed Led by 13books to Automate Startup Finance

TL;DR Seapoint closed a €7.5 million seed round led by 13books, with participation from Frontline Ventures, Tapestry VC and over 40 angels. The UK‑and‑Ireland self‑service launch follows a private beta with more than 80 design partners.

Context Founder Sean Mullaney started Seapoint in Dublin in January 2025 after a bank refused to accept a £600 000 cheque from his newly funded startup. He previously served as European CIO at Stripe and CTO at AI unicorn Algolia, and has advised the European Central Bank and the Bank of England. More than half of the team are Stripe alumni. Seapoint’s AI‑driven platform links a company’s bank accounts, accounting software and email in under ten minutes, then automates bookkeeping, payroll, expense tracking, invoice payments and financial reporting. It also provides multi‑currency accounts, corporate cards, international payments and access to treasury products such as BlackRock Sterling and Euro Government Liquidity Funds via a partnership with WealthKernel.

Key Facts The round values Seapoint at roughly €30 million post‑money, bringing total funding to €10 million just over a year after incorporation. More than 40 angel investors joined the round alongside existing backers Frontline Ventures and Tapestry VC. Notable individuals include Claire Hughes Johnson, Laurence Krieger, Des Traynor and Luke Mackey. Seapoint targets pre‑seed to Series A startups that find consumer neobanks like Revolut, Tide and N26 too shallow and traditional corporate banks too slow. Its main competitors are US‑focused Brex and Ramp, which have limited European presence, and Pleo, which concentrates solely on expenses. By integrating with tools founders already use rather than replacing them, Seapoint aims to reduce friction in financial operations.

Market context shows European fintech VC funding down about 12 % year‑over‑year in Q1 2025. Public comparables illustrate the scale of the opportunity: Adyen (ADYEN.AS) holds a market cap of roughly €45 billion, up 1.8 % today, while Wise (WISE.L) is valued at about £10 billion, down 0.5 % today.

What It Means The fresh capital will accelerate product development, expand the engineering team and support go‑to‑market efforts in the UK and Ireland. By removing the waitlist for self‑service sign‑ups, Seapoint can gather broader usage data faster, refining its automation algorithms. If adoption mirrors early beta feedback, the company could position itself as a viable alternative to both neobanks and legacy banks for early‑stage European ventures.

Watch for Seapoint’s user growth metrics, any expansion into the broader EU market, and how incumbent players respond to its integrated approach.