Bound, a platform focused on helping businesses manage foreign-exchange exposure, has raised $24.5 million in Series A funding led by AlbionVC as currency volatility continues to pressure companies operating across multiple markets.
Bound positions its product as an end-to-end system for automating FX hedging and improving visibility into multi-currency cash flow. The company argues that as businesses expand internationally, a relatively small move in exchange rates can quickly ripple through budgets, hiring plans, runway assumptions, and investor reporting. As one example, Bound highlighted that a 2–3% move can push monthly budgets off by €20,000–€30,000, translating into roughly $240,000–$360,000 over a year for companies with meaningful costs in euros and pounds but funding or revenue in dollars.
In its announcement, Bound framed the existing toolkit for many small and mid-sized companies as fragmented and inefficient, with finance teams relying on spreadsheets, broker and bank calls, and opaque pricing. The result, the company said, is time lost to manual processes, limited clarity on exposures, unmanaged risk, and capital being held back to cover uncertain FX outcomes rather than being deployed for growth.
Bound says its platform is designed to make hedging behave more like a continuous, automated treasury function without requiring a dedicated team of FX specialists. The product emphasizes simplified workflows, real-time analysis, and transparent pricing, alongside support from FX experts.
Bound also highlighted flexibility features designed to address evolving plans and cash-flow needs, including the ability to adjust or cancel hedges quickly rather than being locked into rigid forward contracts.
The company said customer adoption has accelerated, noting that it has onboarded nearly 100 international businesses over the past year and now serves hundreds of customers, including startups, venture funds, and more established global operators. Bound said the new capital will be used to grow the team, reach more customers, and continue improving the platform, with the broader goal of defining a category in which FX risk is handled end-to-end, enabling companies to expand globally with less operational burden and fewer financial surprises.
