Breaking the speed limit - OnTime’s overnight treasury transformation

When OnTime secured £1.5 million in pre-seed funding, their COO, Tim, was thrilled—until he realised how difficult managing it would be. The company’s bank had a £1 million cap, leaving their funds in limbo. Worse, their setup lacked diversification, liquidity, and visibility.

Tim described the situation bluntly:

“Our bank let the money in, but they weren’t happy. We had to figure out what to do with it, fast. I didn’t want to be stuck worrying about risks or delays while building our business.”

For startups like OnTime, poor money management isn’t just an inconvenience—it can hinder growth, create stress, and leave teams vulnerable to financial risks.

Tim was introduced to Round through his network and immediately saw its potential to solve OnTime’s treasury challenges. Round’s Vault savings product allowed them to diversify their funds into FSCS-backed accounts without needing to open multiple accounts, ensuring security and peace of mind.

As their needs evolved, Round facilitated investments into BlackRock money market funds, providing next-day liquidity and higher returns.*

“Round gave us the tools to manage £1.5 million effectively. Round made us think smarter.”

*Past performance is not indicative of future returns. Capital is at risk when investing

Round’s onboarding process was smooth, even for Tim, who admitted he wasn’t a treasury expert.

“We were provided with scenarios and options tailored to our needs. The dual portals made tracking and reconciling funds simple—even for someone like me, who hasn’t worked in treasury for a while.”

Tim also appreciated Round’s collaborative approach. His feedback directly influenced product improvements, including better reconciliation processes and quicker fund transfer visibility.

“Working with Round didn’t just solve our problems—it made us feel like we were shaping the solution together.”

Round helped OnTime to turn their banking limits into an opportunity to minimise risk and simplify their treasury. What started as a simple need to manage £1.5 million evolved into a genuine partnership of open feedback and innovation. Thank you, Tim!