Bound Raises Over $6.5M in Seed Funding

Bound, a London, UK-based currency hedging platform for SMEs, raised over $6.5M in seed funding.

Valar Ventures, Moonfire and Album VC, along with investors and founders from a number of billion-dollar fintech companies such as Klarna, Stash, MX and Qonto invested in the round.

The company intends to use the funds to expand operations hiring in engineer, finance and customer acquisition, and its business reach.

Led by Seth Phillips, founder, Bound provides a tech software for SMEs to protect their currency similar to that of a large corporation. The platform, which process tens of thousands of trades per day, integrates with some of the major accounting systems commonly used by SMEs.

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