all the speed, flexibility and transparency that finance teams love

“Since working with Bound. We have total visibility, total transparency. We spend a lot less time having to worry about foreign currencies.”

OneFootball

Kovir Miah | Accounting Lead

“Since working with Bound. We have total visibility, total transparency. We spend a lot less time having to worry about foreign currencies.”

Kovir Miah

Accounting | OneFootball

“With Bound, you just do it online on your own, like in 5 minutes. That’s a huge win for treasurers like me. It’s just so much easier.”

Paddle

Chris Adams | Treasury Manager

“With Bound, you just do it online on your own, like in 5 minutes. That’s a huge win for treasurers like me. It’s just so much easier.”

Chris Adams

Treasury Manager | Paddle

“Bound allows us to put in place extraordinarily easy strategies that help us hedge our exposure so I can focus on our business rather than focus on what the Euro is doing.”

ManyChat

Dan McKelvey | Head of Finance

“Extraordinarily easy strategies that help us hedge our exposure so I can focus on our business rather than on what the Euro is doing.”

Dan McKelvey

Finance Head | ManyChat

  • "Investors just want me to remove the risk. The feature that I like most is the one that gives me flexibility"

    Janos Matyasfalvi

    CFO

    Goals

    • Protect against large fluctuations of the USD-HUF exchange rate, given their Opex in HUF and Revenue/Funding in USD

    • Remove the downside risk

    Solution

    • Made foreign cash flows predictable by locking in the exchange rate for future conversions

    Results

    • Achieved a rate for the next 9 months that was 3% better than the current Spot rate

  • “Last week we went in and changed our conversions and hedges in two minutes. It’s just so easy”

    Peter Coleman

    Finance Manager

    Goals

    • Stabalise foreign cash flows, with Opex in EUR and Revenue/Funding in USD

    • Protect against the US Dollar weakening versus the Euro

    • Fully automated end-to-end process

    Solution

    • Automated strategy to smooth out peaks and valleys of the exchange rate by breaking up conversions into many smaller ones

    Results

    • 6 month volatility reduced by 83.5% (7.34% down to 1.21%)

    • Month to month volatility -> Largest 1% , Smallest 0.13%

  • “Pre-Bound, FX was a manual operation, I would try to time the market, it was pot-luck ”

    Andy Au

    Finance Director

    Goals

    • Stabilise foreign operating costs

    • Reduce exposure to financial risks

    • Remove the guesswork of managing currency

    Solution

    • Automated strategy to reduce exposure to exchange rate swings

    • 'Cruise control' setting to replicate and automate recurring transactions

    Results

    • Monthly Opex changes stabilised to < 0.65%

    • Exposure to volatility reduced by over 95%

    • Estimated savings > £100k

  • “Since working with Bound. We have total visibility, total transparency. We spend a lot less time having to worry about foreign currencies”

    Kovir Miah

    Mgmt Accounting Lead

    Goals

    • One place to manage foreign cash flows

    • Transparent pricing

    • Multi-office access

    Solution

    • Centralised platform

    • Group visibility on Positions and Costs

    • Automated optmisation process

    Results

    • Over $200,000 saved on transfer costs/fees alone

    • No need for multiple brokers and banks

    • Improved operational efficiencies

    • Improved reporting functionality

  • “With Bound, you just do it online on your own, like in 5 minutes. That’s a huge win for treasurers like me. It’s just so much easier”

    Chris Adlam

    Treasury Manager

    Goals

    • Buy EUR for VAT payments at a fair rate

    • Prevent a rising EUR to drive up costs and cut into gross profit

    • Have a simple, but effective tool that is quick and ease to use

    Solution

    • EUR purchases that spread over 3-6 months to match revenue receipts and eliminate local rate volatility

    Results

    • Achieved objective to prevent gross margin hit

    • Quick and easy to update and forecast numbers

  • “FX fluctuations have an outsized impact on our finances. I couldn't tell you where FX is headed, but I also can't ignore it either and just hope for the best as we plan out our year"

    Dan McKelvey

    Head of Finance Ops

    Goals

    • Make sure a rising EUR doesn’t drive up the operational costs for their Spanish office

    Solution

    • Automated strategy to smooth out peaks and valleys of the exchange rate by breaking up conversions into many smaller ones

    Results

    • Protected and stabilised funding for 60-person foreign office

    • We love Bound

  • "Investors just want me to remove the risk. The feature that I like most is the one that gives me flexibility."

    Janos Matyasfalvi

    CFO

    Goals

    • Protect against large fluctuations of the USD-HUF exchange rate, given Opex in HUF and Revenue/Funding in USD.

    • Remove the downside risk.

    Solution

    • Forwarding to lock in the exchange rate.

    Results

    • Achieved Forward rate for the next 9 months that was 3% better than the current Spot rate.

  • “Last week we went in and changed all of our hedges in two minutes. It’s just so easy.”

    Peter Coleman

    Finance Manager

    Goals

    • Stabalise cash flows, with Opex in EUR and Revenue/Funding in USD.

    • Protect against the US Dollar weakening versus the Euro.

    • Fully automated end-to-end hedging process.

    Solution

    • Averaging Program, to smooth out the peaks and valleys of the exchange rate.

    • Cruise control, to replicate and automate recurring transactions.

    Results

    • 6 month volatility reduced by 83.5% (7.34% down to 1.21%)

    • Month to month volatility with Averaging -> Largest 1% , Smallest 0.13%

  • “Pre-Bound, FX was a manual operation, I would try to time the market, it was pot-luck ”

    Andy Au

    Finance Director

    Goals

    • Stabilise foreign operating costs.

    • Reduce exposure to financial risks.

    • Remove the guesswork of managing currency.

    Solution

    • Averaging Program, to smooth out the peaks and valleys of the exchange rate.

    • Cruise control, to replicate and automate recurring transactions.

    Results

    • Monthly Opex changes stabilised to > 0.65%

    • Exposure to volatility reduced by >95%

    • Estimated savings > £100k

  • “Since working with Bound. We have total visibility, total transparency. We spend a lot less time having to worry about foreign currencies.”

    Kovir Miah

    Mgmt Accounting Lead

    Goals

    • One place to manage foreign cash flows.

    • Transparent Pricing.

    • Multi-office access.

    • Group hedging policy.

    Solution

    • Centralized platform.

    • Group visibility on Positions and Costs.

    • Automated Hedging process.

    Results

    • Over $200,000 saved on transfer costs/fees alone.

    • No need for multiple providers.

    • Improved operational efficiencies.

    • Improved reporting functionality.

  • “With Bound, you just do it online on your own, like in 5 minutes. That’s a huge win for treasurers like me. It’s just so much easier.”

    Chris Adlam

    Treasury Manager

    Goals

    • Buy EUR for VAT payments at a fair rate.

    • Prevent a rising EUR to drive up costs and cut into gross profit.

    • Have a simple, but effective tool that is quick and ease to use.

    Solution

    • Use Averaging for EUR purchases that spread over 3-6 months to roughly match revenue receipts and eliminate local rate volatility.

    Results

    • Quick and easy to update and forecast numbers.

  • “FX fluctuations have an outsized impact on our finances. I couldn't tell you where FX is headed, but I also can't ignore it either and just hope for the best as we plan out our year. "

    Dan McKelvey

    Head of Finance Ops

    Goals

    • Make sure a rising EUR doesn’t drive up the operational costs for their Spanish office.

    Solution

    • Averaging EUR purchases to fund a 60-person foreign office.

    • Smooth out the peaks and valleys of the exchange rate.

    Results

    • We love 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.

“Since working with Bound. We have total visibility, total transparency. We spend a lot less time having to worry about foreign currencies.”

Kovir Miah | Accounting Lead

OneFootball

“With Bound, you just do it online on your own, like in 5 minutes. That’s a huge win for treasurers like me. It’s just so much easier.”

Chris Adams | Treasury Manager

Paddle

“Extraordinarily easy strategies that help us hedge our exposure so I can focus on our business rather than on what the Euro is doing.”

Dan McKelvey | Finance Head

ManyChat

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  • manychat
  • fintech finance news
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0

a bunch of customers

0

millions transacted

FCA

FCA

FCA

one regulator

we’re modern, not traditional.


Traditional banks and brokers typically cater to customers with large treasury teams who value dealing over phone and email.


Bound aims to be a hassle-free and cost effective alternative to traditional banks and brokers.


BOUND IS MODERN ✦ BOUND 2023 ✦
Features
Bound
Banks &
Brokers 

Spot currency conversions

Currency hedging

Easy and intuitive web app

Self-serve & automated tools

Easy trade amendments

Insightful reporting

Competitive and transparent pricing

we’re modern, not traditional.


Traditional banks and brokers typically cater to customers with large treasury teams who value dealing over phone and email.


Bound aims to be a hassle-free and cost effective alternative to traditional banks and brokers.


BOUND IS SMART ✦ BOUND 2023 ✦
Features
Bound
Banks &
Brokers 

Spot currency conversions

Currency hedging

Easy and intuitive web app

Self-serve & automated tools

Easy trade amendments

Insightful reporting

Competitive and transparent pricing

we’re modern, not traditional.


Traditional banks and brokers typically cater to customers with large treasury teams who value dealing over phone and email.

Bound's focus is to help tech companies easily self-serve and protect their foreign cash flows from exchange rate fluctuations.

BOUND IS SMART ✦ BOUND 2023 ✦
Features
Bound
Banks &
Brokers 

Spot currency conversions

Currency hedging

Easy and intuitive web app

Self-serve & automated tools

Easy trade amendments

Insightful reporting

Competitive and transparent pricing

we're smart, not Wise 😉

Online exchanges like Wise and Revolut only offer on-the-spot foreign exchange transactions.

That can cost a company 5%, 10%, 20% or more, if rates move against you on the day you transact.

Bound provides on-the-spot currency transactions at a competitive price.

However, we also offer currency hedging tools to better protect your international cash flows.

BOUND IS SMART ✦ BOUND 2023 ✦
Features
Bound
Online exchanges

Spot currency conversions

Currency hedging

Easy and intuitive web app

Self-serve & automated tools

Easy trade amendments

Insightful reporting

Competitive and transparent pricing

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

we're smart, not Wise 😉

Online exchanges like Wise and Revolut only offer on-the-spot foreign exchange transactions.

That can cost a company 5%, 10%, 20% or more, if rates move against you on the day you transact.

Bound provides on-the-spot currency transactions at a competitive price.

However, we also offer currency hedging tools to better protect your international cash flows.

BOUND IS SMART ✦ BOUND 2023 ✦
Features
Bound
Online Exchg. 

Spot currency conversions

Currency hedging

Easy and intuitive web app

Self-serve & automated tools

Easy trade amendments

Insightful reporting

Competitive and transparent pricing

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

we're smart, not Wise 😉

Online exchanges like Wise and Revolut only offer on-the-spot foreign exchange transactions.

That can cost a company 5%, 10%, 20% or more, if rates move against you on the day you transact.

Bound's focus is to help tech companies easily self-serve and protect their foreign cash flows from exchange rate fluctuations.

BOUND IS SMART ✦ BOUND 2023 ✦
Features
Bound
Online exchanges

Spot currency conversions

Currency hedging

Easy and intuitive web app

Self-serve & automated tools

Easy trade amendments

Insightful reporting

Competitive and transparent pricing

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

  • F¥£K FX
  • F¥£K FX
  • F¥£K FX
ready for stable and predictable foreign cash flows?
  • Optimise conversions with 3 clicks and 5 minutes

  • Change anything at anytime

  • Get crystal clear pricing

Ready?
  • Minimise risk, loss and your workload

  • Change anything at anytime

  • Get crystal clear pricing

ready for stable and predictable foreign cash flows?
  • Optimise conversions with 3 clicks and 5 minutes

  • Change anything at anytime

  • Get crystal clear pricing

Currency hedging for tech companies

Don't miss the latest

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).


For clients based in the United States, payment services for are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011.


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).

Currency hedging for tech companies

Don't miss the latest

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).


For clients based in the United States, payment services for are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011.


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).

Currency hedging for tech companies

Don't miss the latest

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).


For clients based in the United States, payment services for are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011.


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).