Bound, an automated FX risk management platform helping businesses protect themselves from currency volatility, has announced a $24.5 million Series A funding round led by AlbionVC, with participation from Notion Capital and GoHub Ventures, and continued support from existing investors.

Founded in 2021 by CEO Seth Phillips and CTO Dan Kindler, and headquartered in London, Bound helps businesses protect themselves from unwanted currency risk through automated FX hedging.

The platform allows finance teams to set up simple, best-practice hedging strategies that run continuously in the background, automatically managing exposure to market volatility without the need for manual intervention or specialist trading expertise.

Bound will use the funding round to pursue regulatory authorisation in the European Union, as the company targets expansion in Europe, building on the nearly $2 billion it traded in 2025. The funding will also be used to drive product innovation for its perpetual FX hedging solutions.