as your tech company grows internationally so does your FX risk and exposure.
With funding, revenue and expenses in multiple currencies you'll need to move money between countries to manage imbalances.
This exposes you to currency risk and loss, especially if you're converting at spot rates as the need arises. It can cost you 5%, 10%, 20% or more, due to exchange rate swings.
When exchanging currencies most companies focus on lowering the fee their provider charges. However, fee optimisation is not the real problem.
hedging can help manage this risk and it doesn't need to get in the way of other priorities.
Most finance teams are pretty swamped, especially during workload spikes. And so a lot of important priorities get put on the back burner.
One of those priorities is minimising currency risk and loss.
However, optimising how and when you convert currencies doesn't need to be time-consuming or complex.
You don't need multiple banks, brokers or online exchanges. That makes things slow, rigid, opaque with pricing and involves phone calls, emails and clunky online portals.
With Bound you can use modern technology to hedge currencies in just a few minutes a month.
automated currency hedging, built for cash flow and productivity obsessed finance teams.
Stable and predictable foreign cash flows in a few clicks. So you can minimise currency risk and loss, without losing focus on your top priorities.
finance teams love how easy it is to onboard, get started and change anything at anytime.
A few minutes and clicks a month is all they need
"Last week we went in and changed our conversions and hedges in two minutes. It’s just so easy."
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.
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