# Bound: Financial services, London, United Kingdom

> Bound: Bound is a financial technology company that helps businesses manage foreign exchange risk and execute FX hedging efficiently.

Source: https://millionrounds.com/startup/bound (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Financial services startup](https://millionrounds.com/companies)

# Bound

Bound is a financial technology company that helps businesses manage foreign exchange risk and execute FX hedging efficiently.

Funding reported Last round: Series A

Financial services London, United Kingdom

Company summary

- **Founded:** 2020 6 years old
- **Team:** 41 11 to 50 people
- **Funding reported:** 31M as listed, currency not stated
- **Last round:** Series A Feb 2026

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Bound has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Bound

Bound is a financial technology company that helps businesses manage foreign exchange risk and execute FX hedging efficiently.

Its mission is to replace traditional, manual FX processes with a modern platform that offers finance teams greater control, visibility, and speed in their operations. The platform provides a comprehensive solution for understanding and managing foreign currency exposure. It features tools for visibility into FX exposures, streamlined hedge execution, real-time currency risk analysis, and transparent pricing. Bound aims to simplify the complexities associated with banks and legacy treasury workflows, making it ideal for companies operating internationally or managing cross-border cash flows. Bound recently raised $24.5 million in Series A funding to enhance its FX hedging platform and support more businesses in automating their currency risk management. The company targets organizations with foreign currency exposure, particularly those looking to improve their hedging processes and protect their margins.

## What company datasets say Bound raised

Funding, as reported

Reported in all **31M** in the source's currency

Last round **Series A**

Last round size **24.5M**

Last round date **Feb 2026**

## Founders and team

From Bound's own website: 2 founders, 2 on the team.

**Seth Phillips** Co-founder & CEO

**Dan Kindler** Co-founder & CTO

- **Marita Cavalcanti** CFO
- **Alex Everitt** VP of Sales

## On 4 portfolio pages

Investors who name them

- [AlbionVC](https://millionrounds.com/fund/albionvc)
- [Album VC](https://millionrounds.com/fund/album)
- [1818 Venture Capital](https://millionrounds.com/fund/1818-venture-capital)
- [Western Technology Investment](https://millionrounds.com/fund/wti)

Each firm lists Bound on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

fx risk management services automated hedging fx trading automation forward contracts currency exposure management fx risk management platform fx risk automation fx forward locking currency hedging fx risk reporting fx contracts information technology & services financial services finance fx risk platform features fx hedging strategies

Built with from their website

HubSpot Sales Hub Google Tag Manager Amazon CloudFront Salesforce CRM Analytics Framer Linkedin Insight Tag Google Workspace Viewport Meta LinkedIn Ads Google Drive

+8 more

Next.js Google Analytics HTTP/3 Hubspot Google Analytics 4 webpack Amazon AWS Sentry

- **Sector:** Financial services
- **Industry code:** NAICS 5231, 523999, 513210
- **Region:** England
- **Revenue:** 1.1M a year, as listed

## Financial services in United Kingdom

Startups like it

- [**Atom bank** Newcastle upon Tyne · founded 2014 *Raised*](https://millionrounds.com/company/atom-bank)
- [**Rapyd Financial Network** Startup *Raised*](https://millionrounds.com/company/rapyd-financial-network)
- [**Stenn** London · founded 2015 *Raised*](https://millionrounds.com/company/stenn)
- [**Paymentology** London · founded 2015 *Raised*](https://millionrounds.com/company/paymentology)
- [**9fin** London · founded 2016 *Raised*](https://millionrounds.com/company/9fin)
- [**Elliptic** London · founded 2013 *Raised*](https://millionrounds.com/company/elliptic)
- [**Fnality** London · founded 2019 *Raised*](https://millionrounds.com/company/fnality)
- [**Nutmeg** London · founded 2012 *Raised*](https://millionrounds.com/company/nutmeg)

## Is this your company?

Add your raise, your deck and your story, and put Bound in front of investors. Or tell us what we have wrong.

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