Bound Closes $24.5M Series A to Modernize FX Hedging for Businesses

Bound, making managing currency risk simple, transparent, and predictable, led by Seth Phillips, Dan Kindler, Marita Cavalcanti, and Gerard Hurley, has secured $24.5M in Series A funding, led by AlbionVC. Existing investor Notion Capital and other investors, including Album VC, Moonfire, GoHub Ventures, and others, participated in the round.

The platform enables businesses to automate FX hedging, protect margins, and manage international cash flow with minimal effort.

Cross-border growth adds complexity as revenue, costs, and cash flow span multiple currencies, where small FX moves can disrupt budgets and plans. Bound replaces manual, opaque FX management with a single, transparent platform to track exposure, manage risk, and execute hedges through simple workflows and real-time analysis. Rapid adoption by hundreds of startups, funds, and global operators reflects demand for an end-to-end approach to FX that enables confident international expansion without added complexity.

Most FX tools are built for large corporates with dedicated treasury teams, leaving small and mid-sized businesses with poor options. Spot trading is simple but reactive, banks and brokers are slow and opaque, spreadsheets don’t scale, and doing nothing leaves teams exposed. The outcome is wasted time explaining FX variances and capital tied up in contingency buffers instead of being used for growth.

When revenue and funding are in one currency while costs sit in others, even a 2–3% FX move can create six-figure annual budget gaps. Hiring plans, runway, and forecasts slip off track, forcing finance teams to explain variances instead of focusing on growth. For VCs and their portfolio companies, FX volatility further complicates reporting, cash-flow predictability, and international expansion.

Geopolitical shocks, trade uncertainty, and political decisions can move exchange rates overnight, turning profitable contracts into losses.

Bound enables businesses to hedge like a corporate treasury without building one in-house. Automated, always-on strategies remove manual monitoring, while smart settings analyze cash flows and prompt timely actions. Flexible hedges can be adjusted or canceled instantly, with full pricing transparency and clear visibility across all positions. Combined with expert support and continuous product improvements, FX risk management becomes simple, controlled, and scalable.

Customers report clear gains from using Bound, including improved visibility across multi-currency exposure, stronger cash-flow control, and more predictable forecasting. Teams have achieved better FX rates, captured upside when markets moved favorably, reduced time spent on FX to minutes per month, and improved budget accuracy across USD, EUR, GBP, and AUD.

This funding validates the vision and momentum behind modern FX management, enabling deeper automation and smarter workflows, platform expansion into new markets and verticals, and broader awareness of a simpler, more transparent approach to managing currency risk.

The next wave of VC-backed businesses will operate globally from day one, making FX volatility a business-critical challenge. Bound is building a platform that keeps finance teams ahead of risk while automation handles FX in the background, allowing growth, strategy, and product development to remain the focus.