Founded in 2023, Round is an all-in-one treasury management platform that aims to unify how global businesses manage and safeguard their treasury and help them control their finances.
Around 84% of startups are frustrated with their banking setup. Traditional banking products take time away from founders, with interfaces that are not user-friendly, have high minimums, and manual processes.The collapse of SVB also highlighted the mismanagement and shortcomings in legacy treasury management systems. Startups need a solution that offers better rates, more protection, and reduced administrative burden without sacrificing safety, yield, or usability.
Round aims to change this by offering an automated treasury platform with connected banking and diversified cash management that lets founders focus on growth and not admin.
Round helps startups with treasury solutions that allow them to earn yields through money market funds, diversify their business cash across savings accounts, and aggregate and manage all their bank accounts in one place.
To bring this solution to market faster, Round chose WealthKernel’s Appointed Representative service. Using WealthKernel’s AR umbrella, Round was able to scale its product to more businesses, helping them manage their money in a simple, fully compliant and effective way.
Round also utilises WealthKernel’s custody, trading, and General Investment Accounts to offer Money Market Funds. This allows Round’s clients to access secure, low-risk, and highly liquid money market funds.
By partnering with WealthKernel, Round has been able to offer startups an automated treasury platform that integrates connected banking with diversified cash management.
With WealthKernel’s infrastructure, Round now provides its clients with:
"WealthKernel ensures full compliance and provides the quality and reliability our clients need." Hayyaan Ahmad, Co-founder, Round Treasury.
Onboard your users with ease, with tailored onboarding flow rules, questions to cover risk and suitability, and automatic KYC and AML checks.
Access a range of UK tax wrappers and accounts tailored to fit your customers needs including ISAs, GIAs, SIPPs, and JISAs.
We support BACS, CHAPS, direct debits, open banking, instant matching deposits, recurring payments, and standing orders.
We enable users to transfer their assets held at another provider into our accounts at WealthKernel. The transfers can be made in cash or in-specie.
We’re a fully licensed custodian for client money and assets in the UK. Cash and securities are held at tier 1 banking and sub-custodian partners.
Comprehensive trading built on cutting-edge tech. Trade thousands of fractional securities across markets in multiple currencies.
Seamlessly manage models, programmatically rebalance, track performance data, manage fee accrual, model drift, and more.
Our transaction reporting solution feeds directly into the FCA’s portal and eliminates the need for our Tenants to have an external reporting mechanism.
With WealthKernel's Appointed Representative service, you can get to market faster without the need for an FCA authorisation.
