Bound secures £17.9m to protect margins with AI-driven automated FX hedging
This article covers Bound, a fintech startup, which has raised £17.9m in a series A funding round led by AlbionVC to scale its automated FX hedging platform across Europe and pursue EU regulatory authorisation. The funding is intended to expand Bound’s AI-driven hedging tools to help startups and SMEs manage exchange-rate volatility and reduce the treasury burden on finance teams without specialist resources.
Bound, a fintech startup, has raised £17.9m ($24.5m) in a series A funding round led by AlbionVC to scale its automated FX hedging platform across Europe and pursue regulatory authorisation as currency volatility increasingly threatens corporate margins.
Why it matters
Recent years have delivered larger and faster currency moves driven by geopolitical shocks, trade uncertainty and political decisions. For UK and European companies operating across currencies, sudden exchange-rate swings can quickly erode margins, turn profitable contracts loss-making, or complicate cash flow forecasting. Bound’s raise signals investor appetite for tools that automate and simplify FX risk management for businesses that lack dedicated treasury teams.
Inside the product
Bound offers an automated FX risk-management platform that lets finance teams define hedging strategies which then run continuously. The product is positioned to replace manual hedging and legacy broker-dependent workflows by executing rules-based, perpetual hedges in the background and surfacing visibility for multi-currency exposure.
The company says it traded nearly £1.5bn ($2bn) across 2025 and will use the new funding to drive product innovation—particularly around perpetual hedging—and to pursue regulatory authorisation in the European Union as it expands beyond the UK.
Who are the investors?
Lead investor AlbionVC led the round, with participation from Notion Capital and GoHub Ventures and continued support from existing backers.
Jay Wilson, Partner at AlbionVC, 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.
Itxaso del Palacio, General Partner at Notion Capital, said:
We backed Bound early on in their journey, recognising that the only consistency in exchange rates has been their inconsistency. Gone are the days of steady currency valuations. Seth and Dan were among the first founders to build for this new reality, and since our initial investment, Bound has evolved rapidly by embracing AI at its core. Today, Bound is becoming the right hand of CFOs, advising them on all aspects of FX decision-making. We’ve had such confidence in Bound that we’ve backed them since shortly after the Seed round and are excited to continue investing in their business. We’re looking forward to their further success as they expand into Europe and beyond.
Inés Calabuig, Managing Partner at GoHub Ventures, said:
We strongly believe in Seth and Dan, and in their vision to tackle one of the most critical and enduring problems in global finance: FX volatility. What has traditionally been managed through opaque legacy systems is no longer fit for the reality businesses face today. Bound is using technology to bring transparency, automation, and intelligence to a real pain point for finance teams, enabling them to manage currency risk with far greater confidence and control. By building a modern, scalable approach to FX hedging, the team is redefining how businesses protect margins and cash flow. We’re excited to continue backing Bound as they scale across Europe and beyond.
If you're researching potential backers in this space:
- Explore our list of fintech venture capital firms in the UK
- Browse our directory of fintech angel investors in the UK
Founder perspective
Seth Phillips, Co-Founder and CEO of Bound, 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.
The raise also includes customer endorsement. Peter Coleman, Senior Finance Manager at Tines, said:
Bound has transformed the way we deal with FX risk. Managing exposure across USD, EUR and AUD is key for our business, and Bound has given us a level of visibility we have not had before. Before Bound, we had to stay on top of rates and think about FX constantly; now we can set our approach and trust it to run in the background. Bound allows us to reduce our currency exposure to large market fluctuations, protecting against downside while retaining the ability to benefit when markets move in our favour. It’s become an integral part of our financial operations.
The bigger picture
Bound’s funding highlights two converging trends in fintech: growing demand for automated treasury tools among businesses without specialist teams, and investor interest in infrastructure that addresses operational risks caused by macro instability. The company’s focus on AI-driven automation and EU regulatory authorisation shows a roadmap that many UK fintechs are following as they scale across European markets.
As currency risk becomes a regular part of financial planning for international businesses, expect more deals targeting FX automation and treasury tooling. For UK fintechs, successful expansion will depend on navigating EU regulatory regimes while convincing finance teams that automation can coexist with prudent risk governance.
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