London-based risk management platform Bound secures €20.7 million to support EU regulatory approval and growth

Bound, an automated British FX risk management platform helping businesses protect themselves from currency volatility, today announced a €20.7 million ($24.5 million) Series A funding to pursue regulatory authorisation in the EU, building on the nearly €1.6 billion ($2 billion) it traded in 2025.

The round was led by AlbionVC, with participation from Notion Capital and GoHub Ventures, and continued support from existing investors.

Seth Phillips, co-founder and CEO of Bound, says, “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.”

Recent activity throughout 2025 and 2026 shows continued investment into European FinTech platforms focused on risk management, compliance, analytics and financial infrastructure, providing context for Bound’s Series A.

In 2026, Stockholm-based Bits raised €12 million to deepen automation across FinTech compliance and AML workflows. In 2025, Geneva-based Allasso secured €2.5 million to develop AI-ready analytics for options trading and broader risk analysis, while Amsterdam’s Factris obtained a €100 million funding facility to scale its SME financing platform across Europe.

Also in 2025, Dublin-based Teybridge Capital Europe secured a €50 million funding line to expand working capital solutions, and London-headquartered Coremont raised €34 million to accelerate its institutional analytics and risk management platform.

Together, these rounds represent roughly €198 million in disclosed funding moving into adjacent European FinTech and risk-focused infrastructure over the past two years.

“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,” adds Seth.

Founded in 2021 by CEO Seth Phillips and CTO Dan Kindler, Bound looks to help businesses protect themselves from unwanted currency risk through automated FX hedging. The platform allows finance teams to set up hedging strategies that run continuously in the background, automatically managing exposure to market volatility without the need for manual intervention or specialist trading expertise.

Built for modern, internationally operating companies, Bound reportedly makes professional-grade FX hedging fast, transparent, and accessible – without the complexity, opacity, or manual effort traditionally associated with banks and brokers.

By enabling businesses to design and run simple, best-practice hedging strategies in the background, Bound helps protect revenues, margins, and cash flow in an increasingly volatile global economy.

Itxaso del Palacio, General Partner at Notion Capital, says, “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.”

The funding comes as geopolitical instability, trade uncertainty, and political decision-making have increasingly triggered sudden and material swings in global currency markets, directly impacting the revenues, margins, and cash flow of international businesses.

Many legacy FX systems and traditional brokerages are unable to keep up in this new environment.

For many UK and European companies, a single political announcement or policy shift can significantly increase overheads or reduce the real value of sales. A sudden move in exchange rates can turn profitable contracts into loss-making ones, without any change in customer demand or operational performance.

Fashion companies with large global purchasing footprints, venture capitalists investing across regions, or production companies with global location requirements could all be severely impacted.

Jay Wilson, Partner at AlbionVC explains: “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.”

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