Volatile currencies can really mess up a tech company's finances — especially in uncertain times. Bound helps tech companies discover, manage and report currency risk.
Currency risk is when a business earns revenue in one currency and has costs in another. When a business has currency risk, it can lose money when exchange rates move around. Millions of businesses globally face currency risk every day. 96% of the FTSE 500 have hedging programs in place to mitigate their foreign currency risk, while only 4% of SMEs in the UK do the same [1]. We’re looking to help the other 96% of SMEs.
We are an enthusiastic team and have raised a +$17mm from investors behind companies like Wise (formerly TransferWise), Klarna, N26, Stash and Xero.
Learn more about why Bound was started here!
Made with đź’ś in Krakow, Kyiv, London, Malaga, Manchester, Sofia, Vilnius and Warsaw!