London-based Bound, which aims to protect corporate clients against volatile currency markets, has concluded a Series A funding led by prominent early-stage investor AlbionVC, Sky News understands.

Exchange rate volatility has never been higher, and most businesses feel that whether they realise it or not.

“One of the most immediate ways that instability shows up is through currency markets.

“You can be running a healthy UK business with U.S. customers, and overnight, a social media post can cause currencies to fluctuate and significantly impact your business’s margins.”