Bound Raises $24.5M Series A To Grow FX Hedging Platform

The funding comes as global currency markets face increased volatility due to geopolitical instability, trade uncertainty, and policy changes. Sudden exchange-rate fluctuations can significantly impact revenues, margins, and cash flow, while many traditional FX systems and brokers struggle to respond quickly to these rapid market shifts.

For UK and European businesses, even a single political announcement or policy change can sharply increase costs or reduce the value of sales, potentially turning profitable contracts into losses.

Companies with global operations such as fashion brands with international supply chains, venture capital firms investing across regions, and multi-location production companies are especially vulnerable to currency risks.

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Founded in 2021 by Seth Phillips (CEO) and Dan Kindler (CTO), Bound offers automated FX hedging solutions to help businesses manage currency risk. The platform allows finance teams to implement continuous, best-practice hedging strategies, reducing exposure to market volatility without manual intervention or specialist trading knowledge.

Seth Phillips highlighted that the global environment remains highly unstable, with rising currency volatility affecting businesses. He noted that even strong-performing companies can experience margin impacts from sudden exchange-rate swings caused by minor events.

We believe all businesses can be protected against this risk. Managing FX has traditionally been complex, time-consuming, and intimidating. Our goal is to make it simple, so companies can protect themselves from currency risk without becoming FX experts. We will use this funding to expand that mission across Europe, Phillips said.

Bound will use the new funding to secure regulatory approval in the European Union as it grows its European footprint, building on nearly $2 billion in trading volume in 2025. The investment will also fuel ongoing product development, including further enhancements to its perpetual FX hedging solutions.

About Bound

Bound provides best-in-class FX technology that makes hedging simple, flexible and transparent. Backed by a team of experienced FX experts, the platform helps businesses manage currency risk confidently, combining automated, easy-to-use tools with specialist guidance so companies can protect margins and cash flow without uncertainty.