tech companies with over $100K a month in foreign revenue and costs love bound.

  • They value minimising currency loss and risk

  • They are massive fans of how effortless it is to protect and stabilise foreign cash flows

  • They love spending less time and effort on FX

“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

    • 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 our conversions and 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.

  • "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

  • swiss startup association logo
  • manychat
  • fintech finance news
  • opto logo
  • accel logo
  • accel logo
  • accel logo
  • accel logo
  • accel logo
we’re modern, not traditional.


Traditional banks 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.


BOUND IS MODERN ✦ BOUND 2023 ✦