About Bound
Bound is a company based in London (United Kingdom) founded in 2021 by Seth M Phillips and Daniel Kindler. It operates as a FinTech, and Pay-per-Use / Usage-Based. Bound has raised $16.5 million across 2 funding rounds from investors including Valar Ventures, Moonfire and Album VC. Bound offers products and services including Currency Hedging Tool and FX Automation. Bound operates in a competitive market with competitors including Saxo Bank, Webull, IG, CMC Markets and XTB Online Trading, among others.
- Headquarter London, United Kingdom
- Founders Seth M Phillips, Daniel Kindler
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Bound Rates Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.5 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Jun 17, 2022
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Investors
Valar Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Bound
Bound offers a comprehensive portfolio of products and services, including Currency Hedging Tool and FX Automation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Currency hedging is provided to manage exchange risks.
FX transfers are automated for operational efficiency gains.
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Funding Insights of Bound
Bound has successfully raised a total of $16.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $10.0M
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First Round
First Round
(19 Nov 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - Bound | Valuation |
investors |
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| Nov, 2021 | Amount | Seed - Bound | Valuation | Valar Ventures , Moonfire |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bound
Bound has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Valar Ventures, Moonfire and Album VC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Global investments in tech sectors are conducted by Valar Ventures.
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Founded Year | Domain | Location | |
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Moonfire is engaged in venture capital for early-stage startups.
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage tech startups by Album VC.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bound
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bound
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bound Comparisons
Competitors of Bound
Bound operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Saxo Bank, Webull, IG, CMC Markets and XTB Online Trading, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for trading in forex, options, and CFDs
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| domain | founded_year | HQ Location |
Broker-based online trading platform
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| domain | founded_year | HQ Location |
IG is recognized as a leading CFD trading provider globally.
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| domain | founded_year | HQ Location |
Online trading in forex, indices, commodities, and CFDs is enabled.
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| domain | founded_year | HQ Location |
Forex broking services are provided online by XTB.
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| domain | founded_year | HQ Location |
Forex and CFD trading is enabled via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Bound
When was Bound founded?
Bound was founded in 2021.
Where is Bound located?
Bound is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Bound a funded company?
Bound is a funded company, having raised a total of $16.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $6.5M, raised on Nov 19, 2021.
What does Bound do?
Bound is engaged in offering currency hedging technology to businesses, particularly those with international operations. Solutions are provided to manage foreign exchange risks through automation and strategic tools. The company operates in the financial technology sector, addressing needs like balance sheet hedging, foreign revenue management, and expense handling. Services are designed to stabilize cash flows and protect profits from currency fluctuations.
What products or services does Bound offer?
Bound offers Currency Hedging Tool and FX Automation.
Who are Bound's investors?
Bound has 3 investors. Key investors include Valar Ventures, Moonfire, and Album VC.
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