Bound

Bound is an automated FX risk management platform founded in 2020 and based in Soho, London. It provides currency hedging for small and medium enterprises that trade internationally, aiming to make available to smaller businesses the kind of FX risk management more commonly used by large corporates: the company notes that 96% of FTSE 500 companies hedge FX risk, against 4% of SMEs. Bound is FCA-authorised.

Its platform uses AI-powered FX exposure detection to identify foreign currency exposure automatically, connecting with clients' existing technology stacks to spot new exposure and eliminate manual reconciliation. Finance teams set a hedging strategy once, after which the system runs it without constant manual intervention, with real-time analytics and reporting. Pricing is transparent and published: spot pricing starts from 0.03% and hedge pricing from 0.25%, with no setup fees and no monthly fees.

Bound serves more than 200 fast-growing companies and reports 3x year-on-year growth. The company has raised $25 million in funding, with investors behind Wise, Klarna, N26, Stash and Xero among its backers. Its stated mission is to democratise currency hedging for SMEs, positioning itself as an alternative to traditional brokers and banks through an automation-first approach.