Bound, an automated FX risk management platform, secured £18 million in a Series A funding round led by AlbionVC, aimed at expanding its operations in Europe and enhancing its product offerings to address increasing currency volatility challenges faced by businesses.

Information on the target

Bound is an innovative automated FX risk management platform that assists businesses in safeguarding themselves against currency volatility. Established in 2021 by co-founders Seth Phillips and Dan Kindler, Bound has successfully raised £18 million in a Series A funding round led by AlbionVC, with additional participation from Notion Capital and GoHub Ventures. The platform offers advanced FX hedging tools designed to help businesses effectively manage currency risk amidst fluctuating market conditions.

Bound's automated solutions enable finance teams to create tools that operate seamlessly in the background, responding to market volatility without requiring manual intervention. This approach allows businesses to protect themselves from unwanted currency risk through integrated, off-the-shelf strategies, streamlining the often complex and time-consuming process of FX management.

Industry overview in the target’s specific country

The FX risk management industry is undergoing significant transformation, particularly in the context of increasing geopolitical instability and trade uncertainties. As businesses navigate a landscape characterized by sudden swings in global currency market