Bound raises $24.5m Series A to automate FX hedging

February 5, 2026

Bound, an automated FX risk management platform, has raised $24.5m in a Series A funding round to help businesses protect against increasing currency volatility as geopolitical and economic uncertainty accelerates.

The funding round was led by AlbionVC, with participation from Notion Capital and GoHub Ventures, alongside continued backing from existing investors. The capital will be used to support Bound’s expansion across Europe and further develop its automated, perpetual FX hedging technology.

Founded in 2021 by CEO Seth Phillips and CTO Dan Kindler, and headquartered in London, Bound enables businesses to manage unwanted currency exposure through automated FX hedging strategies. Its platform allows finance teams to deploy simple, best-practice approaches that operate continuously in the background, removing the need for manual trading or specialist FX expertise.

The company plans to use the new funding to pursue regulatory authorisation within the European Union as it accelerates its European growth strategy. This follows a period of strong momentum for the business, during which Bound traded nearly $2bn in 2025. Investment will also be directed towards ongoing product innovation, particularly around its perpetual FX hedging solutions.

Bound focuses on making FX risk management more accessible, aiming to remove complexity and opacity from a process that has traditionally been reserved for large corporates with specialist treasury teams.

Bound CEO Seth Phillips said, “The world is in a genuinely volatile state, and we don’t believe we’re heading back into a period of stability anytime soon. Exchange rate volatility has never been higher, and most businesses feel that whether they realise it or not. One of the most immediate ways that instability shows up is through currency markets. You can be running a healthy UK business with U.S. customers, and overnight, a social media post can cause currencies to fluctuate and significantly impact your business’s margins.”

“We believe all businesses can be protected against this risk. Managing FX well has traditionally been complicated, time-consuming, and intimidating. Our goal is simple: make it easy. Businesses should be able to protect themselves from currency risk without becoming FX experts, and we’ll be using this round to expand our mission across Europe.”

AlbionVC partner Jay Wilson said, “Currency volatility has become a structural challenge for modern businesses, not a short-term anomaly. What impressed us about Bound is its clear understanding that FX risk management shouldn’t be reserved for multinational corporates with specialist treasury teams.

“FX risk management is an industry reliant on many legacy systems and is therefore ripe for disruption. Bound is building essential financial infrastructure that allows growing businesses to protect margins, plan with confidence, and operate internationally in an increasingly unstable world. We’re excited to support Seth and the team as they scale this capability to a much broader market.”