About Bound
Bound’s mission is to make it effortless for businesses to deal with 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.
Large companies almost always manage currency risk. However, hundreds of thousands of small and medium-sized businesses in the UK and Europe do nothing to manage that risk when they transact with foreign customers and suppliers. This may be because these smaller businesses don't have the skills and expertise to identify and manage their risk, don't have access to the necessary tools and information, or simply don't have the time.
We're building tools that abstract complex financial work into simple workflows and integrations. Our goal is a future where businesses never have to think about foreign currencies at all, even when they trade internationally.
Company website:
https://www.bound.co/