A hedging platform aiming to help SMEs seek protection from currency headwinds has announced a number of key appointments.
London firm Bound, which launched in November 2021, has attracted talent from a string of global tech giants, leading FX firms and digital innovators.
The appointments include Nikolay Vassilev from Uber, who joins as engineering manager.
Another new addition is senior engineer Robert Nunn, who previously worked for the digital bank Tide.
Meanwhile Maria Shramko joins as senior technical recruiter from People.ai, a predictive sales management platform that achieved a $1.1 billion valuation in 2021.
Jamie Sullivan, formerly of Monex Europe, joins Bound’s business development team alongside recruits from some of London’s leading foreign exchange companies and the banking and payments app Revolut.
Bound was created to make FX hedging accessible to businesses of all sizes, giving protection and reassurance to any firm that trades internationally.
It says its tools take the complexity and stress out of hedging, allowing those making overseas payments to lock in the best exchange rates and protect their bottom line.
Businesses can register on the platform, which integrates with major accounting systems, in minutes.
“The rapid growth of our team with high-calibre hires from big names in the FinTech and FX world, including billion-dollar businesses, shows how the Bound story has captured the industry’s attention,” said founder Seth Phillips.
“Together with the backing we’ve received from VCs and global entrepreneurs, our recruitment drive is a statement of intent. We’re confident in our mission to make hedging possible for all firms, not just those with a FTSE listing.”