/Companies

Bound Rates, Inc.

San Francisco, US · Founded 2021 · Delaware corporation · 1 known investors

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Bound Rates is a San Francisco-based financial technology company offering currency hedging and FX risk management tools.

Also known as Bound · Bound Rates Inc

Founders & leadership

SM
Seth Michael PhillipsNamed on SEC filing
DK
Daniel KindlerNamed on SEC filing

Board

MLMattias Ljungman
Mattias LjungmanBoard directorInvestor at Moonfire Ventures

Investors · 1

Reported raises · per SEC filings

Form D private placements

$14M disclosed across 2 rounds · 2021–2022

▶$10MraisedJun 2022 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Mattias LjungmanDirector
  • Daniel KindlerExecutive Officer, Director
  • Seth Michael PhillipsExecutive Officer, Director
Offering amount
$12M
Amount sold
$10M
First sale
Jun 2022
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4MraisedJul 2021 · 11 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Mattias LjungmanDirector
  • Seth Michael PhillipsExecutive Officer, Director
  • Daniel KindlerExecutive Officer, Director
Offering amount
$4M
Amount sold
$4M
First sale
Jul 2021
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Bound Rates, Inc. is a financial technology company that provides currency hedging and foreign exchange risk management solutions. Its offering includes automated currency conversion, risk management tooling, and regulated investment products aimed at businesses and their finance functions.

The company is registered at 2261 Market Street #4375, San Francisco, California, and is classified under the "Other Technology" industry in its securities filings.

Business model

The company supplies FX risk management and currency conversion products, including regulated investment products, to business customers rather than consumers.

▸Full profile — technology, go-to-market, geography

Technology

Automated currency conversion and hedging tooling used to manage foreign exchange exposure.

Go-to-market

Fast-growing businesses and their finance teams.

Geography

Serves customers in North America, Europe and the United Kingdom, from a San Francisco, California base.

Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.

Timeline · 2

launches, deals, and filings
Jun 2022
Form D filing reporting $10,000,000 sold

A new Form D filing dated 2022-06-17 reported $10,000,000 of equity sold, all incremental cash, claiming exemption 06b.

$10M source ↗

Jul 2021
Form D filing reporting $3,999,999 sold

A new Form D filing dated 2021-07-15 reported $3,999,999 of equity sold.

$4M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Bound Rates, Inc.Delaware

▸Research sources · 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Bound Rates, Inc. do?
Bound Rates is a San Francisco-based financial technology company offering currency hedging and FX risk management tools.
Who are Bound Rates, Inc.'s investors?
Bound Rates, Inc.'s investors include Moonfire Ventures.
How much funding has Bound Rates, Inc. raised?
Bound Rates, Inc. has disclosed $14M raised across 2 rounds.
Where is Bound Rates, Inc. headquartered?
Bound Rates, Inc. is headquartered in San Francisco, US.