Seapoint taps WealthKernel to expand startup treasury services

By Vriti Gothi

Seapoint has partnered with WealthKernel to expand treasury management capabilities for startups and scale-ups across Europe, enabling businesses to access money market funds and custody services through a unified financial platform.

The collaboration will allow Seapoint to integrate WealthKernel’s API-driven investment infrastructure into its business account offering, enabling startup clients to allocate idle corporate cash into institutional money market funds directly from the platform. The service will include access to liquidity funds such as BlackRock’s Sterling and Euro Government Liquidity Funds, with Seapoint operating as an appointed representative of WealthKernel.

For many European startups, financial management processes remain fragmented across multiple systems. A recent study found that 95% of UK finance leaders encounter difficulties managing business spending and expenses, often due to disconnected tools that limit real-time visibility into cash flows and spending patterns. Manual treasury processes can also divert finance teams from strategic activities, particularly as companies seek to manage capital more efficiently in uncertain economic conditions.

Sean Mullaney, CEO of Seapoint, said treasury management remains an overlooked challenge for venture-backed companies holding significant capital following funding rounds. “A critical gap in this landscape is treasury management,” Mullaney said. “Many startups that have recently raised significant venture funding leave their capital sitting in current accounts, missing out on returns that could extend their runway. While founders understand the opportunity cost, the friction of onboarding with additional providers and undergoing further KYC paperwork often prevents them from putting their cash to work.”

Seapoint’s platform aims to address these challenges by combining treasury access with automated business finance tools, including payroll, expense management, invoice payments and reporting. The company said the integration enables startups to invest surplus funds into money market instruments without leaving the platform or managing additional financial service providers.

Karan Shanmugarajah, CEO of WealthKernel, said the partnership reflects growing demand for integrated treasury tools within digital business banking environments.“We are excited to partner with Seapoint to help bridge the gap between business banking and treasury, tackling a major pain point for European startups,” Shanmugarajah said. “With WealthKernel’s API-first tech stack, we are helping businesses like Seapoint equip founders with the tools to manage their capital more efficiently while staying focused on scaling their businesses.”

The partnership reflects a broader trend in FinTech toward embedding investment and treasury capabilities within operational financial platforms, as startups increasingly seek automated ways to manage liquidity and optimise returns on idle cash without adding operational complexity.