E682 | Sean Mullaney (Seapoint) & Will Prendergast (Frontline Ventures): Rebuilding Europe’s Startup Financial Stack with an AI-Native Playbook

Welcome back to the EUVC Podcast where we go behind the craft of building and backing venture-scale companies in Europe.
Today, we’re joined by Sean Mullaney, Founder & CEO of Seapoint, and Will Prendergast, as the Founding Partner at Frontline Ventures.

Seapoint has just come out of stealth with a $3M pre-seed to rebuild the fragile and fragmented financial stack that European startups (and later: mid-market companies) rely on.

With a Stripe-forged team, AI-native development culture, and operators from Revolut, Tines & more on board, Seapoint wants to become the financial home for European startups.

This conversation dives deep into founder pain, broken tooling, AI-native product building, engineering culture, the changing shape of startup teams, syndicate-building, and why Frontline backed Sean with high conviction.

Here’s what’s covered:

• 01:07 The Mission: “The financial home for European startups”

• 03:32 Frontline’s conviction moment

• 06:24 The founder pain: 5 tools, 5 accounts, zero clarity

• 08:07 The invisible tax: fragmentation, reconciliation hell, no real-time view

• 10:14 Why this problem is structurally important

• 12:19 European vs US lens: why Seapoint is ahead

• 13:18 AI-native engineering: “We rebuild the stack from processes, not accounts”

• 15:19 AI agents allow senior engineers to ship full-stack features alone — compressing timelines that previously required 2–3× more engineers.

• 17:19 Rethinking teams: fewer people, more senior, more generalist

• 19:33 Productivity does NOT reduce funding needs — it increases ambition

• 21:27 Culture: curiosity, experimentation, and founder-led technical push

• 36:11 Syndicate design: Angels as a go-to-market weapon.

• 40:23 From startup financial home → to powering Europe’s mid-market backbone: lending, treasury, automation, embedded finance.