Bound is working to make FX risk management easy for every business. Even experienced CFOs hate dealing with FX risk. With the rise and expansion of fintech, getting a good exchange rate for a foreign payment due today has become easier.
However, as businesses mature, their relationship with foreign currencies becomes more complex. Instead of worrying soley about where rates are right now, businesses begin to worry about where exchange rates will be in 3 months, 12 months, or more into the future. Today, CFOs either follow the “hope for the best” strategy or spend an inordinate amount of time with financial projections and economic data to protect their businesses from adverse movements in exchange rates.
Bound is building software and automated strategies to make it easier for CFOs to protect their businesses’ bottom line.