"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, where accounts sit in one place and invoices pile up unpaid."
"None of these problems are technically difficult in isolation. The difficulty is that no one product has solved all of them together, leaving founders struggling to manage their finances."
Seapoint, a fintech founded by former engineers from Stripe and Tide, has processed over 100,000 transactions and 40,000 invoices for 80+ early customers. The company raised €7.5 million in a seed round led by 13books, increasing total funding to €10 million. The platform is now fully live for all startup founders in the UK and Ireland. Seapoint aims to address common financial challenges faced by startups, leveraging insights from its experienced team to provide a comprehensive solution for managing finances effectively.
Read at TNW | Fintech-Ecommerce
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