Some facts about us

We know how important it is to keep funds safe and secure, so we make it a priority at Bound

FCA

Authorised and regulated as a MiFID firm by the Financial Conduct Authority

FCA

Authorised and regulated as a MiFID firm by the Financial Conduct Authority

FCA

Authorised and regulated as a MiFID firm by the Financial Conduct Authority

Safeguarding

Client funds are safeguarded with Tier 1 banks and regulated service providers

Safeguarding

Client funds are safeguarded with Tier 1 banks and regulated service providers

Safeguarding

Client funds are safeguarded with Tier 1 banks and regulated service providers

History

The Bound Story

Bound was launched in 2020 with the vision of making currency conversion and hedging cheap, fair, and most of all, easy. Today, our platforms help hundreds of businesses protect themselves from currency risk across the world. Here’s the story.

Bound is Founded

Two friends, Seth and Dan, start Bound to make it easier to manage currency risk, after seeing Dan's Dad and many of their friends struggle with it.

November 2020
July 2021
Seed round raised

Bound raises $6.5M from investors behind companies like Wise, Klarna, Qonto and N26. We're backed by some of the best venture capital firms, including Notion Capital and Valar Ventures.

$100,000,000

Transaction volume on the Bound platform exceeds $100,000,000...with many more to come.

October 2022
December 2022
FCA authorisation

Bound (FRN 966723) becomes authorised as an investment firm by the FCA, a UK financial regulatory authority, to provide regulated hedging products.

🚀🚀🚀

We're helping hundreds of customers manage their currency risk.

Today

PEOPLE

Meet our team

Seth Phillips

CEO and Co-founder

Built and exited 2 prior startups.

Part of Paxos executive management team and grew the European business from 25 to over 200 people.

Seth Phillips

CEO and Co-founder

Built and exited 2 prior startups.

Part of Paxos executive management team and grew the European business from 25 to over 200 people.

Seth Phillips

CEO and Co-founder

Built and exited 2 prior startups.

Part of Paxos executive management team and grew the European business from 25 to over 200 people.

Dan Kindler

CTO and Co-founder

Engineering and Product at Paxos.

Built hedging software that processed trillions of dollars worth of trades within the first year.

Dan Kindler

CTO and Co-founder

Engineering and Product at Paxos.

Built hedging software that processed trillions of dollars worth of trades within the first year.

Dan Kindler

CTO and Co-founder

Engineering and Product at Paxos.

Built hedging software that processed trillions of dollars worth of trades within the first year.

Marita Cavalcanti

Chief Financial Officer

+20 years in Investment Banking. 

+10 years of Fintech and FX startup experience.

Marita Cavalcanti

Chief Financial Officer

+20 years in Investment Banking. 

+10 years of Fintech and FX startup experience.

Marita Cavalcanti

Chief Financial Officer

+20 years in Investment Banking. 

+10 years of Fintech and FX startup experience.

Amit Puri

Chief Revenue Officer

+10 years in consulting and banking.

+12 years in startups and tech, building 2 unicorns.

Amit Puri

Chief Revenue Officer

+10 years in consulting and banking.

+12 years in startups and tech, building 2 unicorns.

Amit Puri

Chief Revenue Officer

+10 years in consulting and banking.

+12 years in startups and tech, building 2 unicorns.

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swiss startup association logo
fintech finance news
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fintech finance news
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accel logo
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swiss startup association logo
fintech finance news
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Recent mentions

Bound in the news

Next-Gen CFOs Need Next-Gen Tools to Power Their Organizations

Read the story

Next-Gen CFOs Need Next-Gen Tools to Power Their Organizations

Read the story

Trend spotter: Fintech predictions-Gen CFOs Need Next-Gen Tools to Power Their Organizations

Trend spotter: Fintech predictions-Gen CFOs Need Next-Gen Tools to Power Their Organizations

Next-Gen CFOs Need Next-Gen Tools to Power Their Organizations

Looking ahead at fintech’s future and unveiling our Fintech 100 EMEA

Looking ahead at fintech’s future and unveiling our Fintech 100 EMEA

Next-Gen CFOs Need Next-Gen Tools to Power Their Organizations

Europe’s fintech startups to watch

Europe’s fintech startups to watch

Next-Gen CFOs Need Next-Gen Tools to Power Their Organizations

The Bound Founder Story: Qualifying, Quantifying and Managing FX Risk

The Bound Founder Story: Qualifying, Quantifying and Managing FX Risk

Next-Gen CFOs Need Next-Gen Tools to Power Their Organizations

Bound selects Integral for multiple source FX liquidity aggregation

Next-Gen CFOs Need Next-Gen Tools to Power Their Organizations

See it to believe it

Create a free demo account to see the product and try all features or book some time with us if you prefer a guided tour

Currency hedging technology with unrivalled speed and flexibility

Copyright @ 2024 Bound

All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

Bound (Bound Rates Limited) is a limited company registered in England & Wales under number 13036275 with registered offices at 16 Great Chapel Street, London W1F 8FL

Bound Rates Limited (FRN 966723) is authorised and regulated by the Financial Conduct Authority to act as an Investment Firm.​

For clients based in the European Economic Area, payment services are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).

Payment services in the United States are provided by Visa Global Services Inc. (VGSI), a licensed money transmitter (NMLS ID 181032) in the states listed here. VGSI is licensed as a money transmitter by the New York Department of Financial Services. Mailing address: 900 Metro Center Blvd, Mailstop 1Z, Foster City, CA 94404. VGSI is also a registered Money Services Business (“MSB”) with FinCEN and a registered Foreign MSB with FINTRAC. For live customer support contact VGSI at (888) 733-0041.

For clients based in the United Kingdom and rest of the world, payment services (Non MIFID related products) are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).

See it to believe it

Create a free demo account to see the product and try all features or book some time with us if you prefer a guided tour

Currency hedging technology with unrivalled speed and flexibility

Copyright @ 2024 Bound

All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

Bound (Bound Rates Limited) is a limited company registered in England & Wales under number 13036275 with registered offices at 16 Great Chapel Street, London W1F 8FL

Bound Rates Limited (FRN 966723) is authorised and regulated by the Financial Conduct Authority to act as an Investment Firm.​

For clients based in the European Economic Area, payment services are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).

Payment services in the United States are provided by Visa Global Services Inc. (VGSI), a licensed money transmitter (NMLS ID 181032) in the states listed here. VGSI is licensed as a money transmitter by the New York Department of Financial Services. Mailing address: 900 Metro Center Blvd, Mailstop 1Z, Foster City, CA 94404. VGSI is also a registered Money Services Business (“MSB”) with FinCEN and a registered Foreign MSB with FINTRAC. For live customer support contact VGSI at (888) 733-0041.

For clients based in the United Kingdom and rest of the world, payment services (Non MIFID related products) are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).

See it to believe it

Create a free demo account to see the product and try all features or book some time with us if you prefer a guided tour

Currency hedging technology with unrivalled speed and flexibility

Copyright @ 2024 Bound

All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

Bound (Bound Rates Limited) is a limited company registered in England & Wales under number 13036275 with registered offices at 16 Great Chapel Street, London W1F 8FL

Bound Rates Limited (FRN 966723) is authorised and regulated by the Financial Conduct Authority to act as an Investment Firm.​

For clients based in the European Economic Area, payment services are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).

Payment services in the United States are provided by Visa Global Services Inc. (VGSI), a licensed money transmitter (NMLS ID 181032) in the states listed here. VGSI is licensed as a money transmitter by the New York Department of Financial Services. Mailing address: 900 Metro Center Blvd, Mailstop 1Z, Foster City, CA 94404. VGSI is also a registered Money Services Business (“MSB”) with FinCEN and a registered Foreign MSB with FINTRAC. For live customer support contact VGSI at (888) 733-0041.

For clients based in the United Kingdom and rest of the world, payment services (Non MIFID related products) are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).

The Bound Story

Bound was launched in 2020 with the vision of making currency conversion and hedging cheap, fair, and most of all, easy. Today, our platforms help hundreds of businesses protect themselves from currency risk across the world. Here’s the story.

Bound is Founded, Nov 2020

Seth and Dan start Bound to make it easier to manage currency risk, after seeing Dan's Dad and many of their friends struggle with it.

Bound is Founded, Nov 2020

Seth and Dan start Bound to make it easier to manage currency risk, after seeing Dan's Dad and many of their friends struggle with it.

Seed round raised, Jul 2021

Bound raises $6.5M from investors behind companies like Wise, Klarna, Qonto and N26. We're backed by some of the best venture capital firms, including Notion Capital and Valar Ventures.

Seed round raised, Jul 2021

Bound raises $6.5M from investors behind companies like Wise, Klarna, Qonto and N26. We're backed by some of the best venture capital firms, including Notion Capital and Valar Ventures.

$100,000,000, Oct 2022

Transaction volume on the Bound platform exceeds $100,000,000...with many more to come.

$100,000,000, Oct 2022

Transaction volume on the Bound platform exceeds $100,000,000...with many more to come.

FCA authorization, Dec 2022

Bound (FRN 966723) becomes authorised as an investment firm by the FCA, a UK financial regulatory authority, to provide regulated hedging products.

FCA authorization, Dec 2022

Bound (FRN 966723) becomes authorised as an investment firm by the FCA, a UK financial regulatory authority, to provide regulated hedging products.

🚀🚀🚀 Today

We're helping hundreds of customers manage their currency risk.

🚀🚀🚀 Today

We're helping hundreds of customers manage their currency risk.

The mission