Bound, founded in 2021 by Seth Phillips and Dan Kindler, provides a software platform that automates best-practice FX hedging strategies for finance teams, running continuously in the background without the need for specialist trading expertise. The London-based company targets UK and European firms whose revenues and margins are vulnerable to sudden exchange-rate swings driven by geopolitical and policy volatility. By simplifying what has traditionally been a complex, manual process, Bound aims to protect companies ranging from fashion brands with global supply chains to venture funds deploying capital across currencies. The product set includes perpetual FX hedging tools and other risk-management features the team continues to develop. Looking ahead, Bound plans to secure regulatory authorisation within the EU and broaden its reach across continental Europe. The company reports that its platform is on track to handle nearly $2 billion in trading volume in 2025, underscoring early traction and demand for automated currency-risk solutions.

Total raised

$31M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2026