New funding will enable Bound to expand its automated FX hedging platform across Europe, helping businesses manage currency risk amid ongoing market volatility while supporting continued product development.
London-based Bound, an automated FX risk management platform, has closed a $24.5 million Series A funding round led by AlbionVC, with participation from Notion Capital and GoHub Ventures, alongside continued support from existing investors.
The funding comes amid heightened geopolitical instability, trade uncertainty, and policy-driven volatility in global currency markets, which have increased the financial risks faced by internationally operating businesses. Sudden exchange-rate movements can materially affect revenues, margins, and cash flow, while many legacy FX systems and traditional brokerages struggle to respond effectively to these rapid shifts.
For UK and European companies, a single political announcement or policy change can significantly alter costs or reduce the real value of sales, potentially turning profitable contracts into loss-making ones. Businesses with global exposure, including fashion companies with international supply chains, venture capital firms investing across regions, and production companies operating in multiple locations, are particularly exposed to these currency risks.
Founded in 2021 by Seth Phillips (CEO) and Dan Kindler (CTO), Bound provides automated FX hedging solutions designed to help businesses manage currency risk. Its platform enables finance teams to implement best-practice hedging strategies that operate continuously in the background, reducing exposure to market volatility without the need for manual intervention or specialist trading expertise.
Seth Phillips, co-founder and CEO of Bound, said the global environment remains highly unstable, with elevated currency volatility increasingly affecting businesses. He noted that even well-performing companies can see margins impacted by sudden exchange-rate swings triggered 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 pursue regulatory authorisation in the European Union as it expands its European presence, building on nearly $2 billion in trading volume in 2025. The capital will also support continued product development, including further innovation of its perpetual FX hedging solutions.