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Bound Reviews & Product Details

Rushikesh P.
RP
Senior Associate
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Bound?

Offers various buiness process like inventory and finance to customer relationship. Review collected by and hosted on G2.com.

What do you dislike about Bound?

Bit time consuming in setup, and need more practice to use. Review collected by and hosted on G2.com.

What problems is Bound solving and how is that benefiting you?

Resolving complexity of foreign exchange. Review collected by and hosted on G2.com.

Bound Overview

What is Bound?

Meet Bound, the smartest way to manage your FX.  Using transparent pricing, fixed fees, modern technology and an experience free from exchange rate trickery, Bound hopes to make foreign currencies easier for tech companies looking to manage their FX. We’re here to help businesses eliminate the headaches, the wasted time and the financial losses from FX, whether your business needs simple or complex solutions.

Bound Details
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Bound Community
Languages Supported
English
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Product Description

Bound is a digital currency broker that you can trust. We are committed to transparency and changing the FX industry for the better. At Bound, we believe it’s time that all businesses have access to a better FX experience with a modern, digital FX broker. We’re here to help businesses eliminate the headaches, the wasted time and the financial losses from FX, whether your business converts currencies or needs a complex hedging strategy.


Seller Details
Seller
Bound
Year Founded
2020
HQ Location
London
Twitter
@boundrates
18 Twitter followers
LinkedIn® Page
www.linkedin.com
22 employees on LinkedIn®

Ash J.
AJ
Overview Provided by:

Recent Bound Reviews

Rushikesh P.
RP
Rushikesh P.Mid-Market (51-1000 emp.)
4.5 out of 5
"Comprehensive ERP Solution"
Offers various buiness process like inventory and finance to customer relationship.
Manas K.
MK
Manas K.Small-Business (50 or fewer emp.)
4.5 out of 5
"Bound makes currency management effortless."
I like the transparency which comes with using Bound.
Jordan W.
JW
Jordan W.Small-Business (50 or fewer emp.)
5.0 out of 5
"Bound has improved the way we deal with currencies, giving us piece of mind in a volatile market"
With Bound’s support in hedging exposure, we can now focus on our business growth without worrying about currency. We’ve witnessed significant cost...
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9 out of 10 Total Reviews for Bound

4.9 out of 5
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9 out of 10 Total Reviews for Bound
4.9 out of 5
9 out of 10 Total Reviews for Bound
4.9 out of 5

Bound Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
This product has not yet received any positive sentiments.
Cons
G2 reviews are authentic and verified.
Manas K.
MK
Software Developer
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Bound?

I like the transparency which comes with using Bound. Review collected by and hosted on G2.com.

What do you dislike about Bound?

The platform could be a bit smoother and fast. Review collected by and hosted on G2.com.

What problems is Bound solving and how is that benefiting you?

Bound fully automates the end-to-end hedging process. Review collected by and hosted on G2.com.

Dan M.
DM
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Bound?

We have multiple entities in Europe, and so FX fluctuations have an outsized impact on our finances. I'm not a currency trader, and I couldn't tell you where FX is headed with any degree of certainty, but I also can't ignore it either and just hope for the best as we plan out our year. 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 EUR is doing. The UI is super simple, and if we ever needed to change strategies, it's just a couple of clicks away. The level of sophistication at your fingertips is unmatched.

Additionally, the team at Bound is top-notch - they hustle for you and make sure you're set up for success when you're on their platform. Wherever I go in my career, they'll be the first place I look to for my FX needs. Review collected by and hosted on G2.com.

What do you dislike about Bound?

I honestly can't say we've encountered anything negative to date with Bound, or anything where I see room for improvement - our needs aren't super complex, but even if they where I feel this platform would serve them well Review collected by and hosted on G2.com.

What problems is Bound solving and how is that benefiting you?

It helps us limit surprise currency impacts on our financial statements. Review collected by and hosted on G2.com.

Shahrukh R.
SR
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Bound?

The platform's intuitive interface and easy-to-use tools can also help businesses save time and reduce the risk of errors when managing their FX needs.

Bound's features and benefits make it a promising solution for businesses like mine looking to streamline their FX management, reduce the financial losses associated with currency fluctuations, and improve the bottom line. Review collected by and hosted on G2.com.

What do you dislike about Bound?

I personally did not find anything to dislike about Bound. All major features worked completely fine and smooth. Had a great experience overall with the product and it's services Review collected by and hosted on G2.com.

What problems is Bound solving and how is that benefiting you?

By providing me with a more efficient and cost-effective way to manage my FX needs, Bound helped me in saving money, reduce risk, and improve my bottom line. The platform's focus on transparency and simplicity also helped me in better understand the FX costs and make more informed decisions about my currency exchange needs. Review collected by and hosted on G2.com.

Jordan W.
JW
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Bound?

With Bound’s support in hedging exposure, we can now focus on our business growth without worrying about currency. We’ve witnessed significant cost savings and improved visibility across our exposures. In particular, program managers has allowed us to simply pick our currencies, dates and amounts, freeing us from the constant burden of currency news Review collected by and hosted on G2.com.

What do you dislike about Bound?

nothing, platform UI is super easy to use Review collected by and hosted on G2.com.

What problems is Bound solving and how is that benefiting you?

FX exchange and management. Review collected by and hosted on G2.com.

Verified User in Information Services
UI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Bound?

Managing a multi-entity group with no natural hedging on a large proportion of our operating expenses presented an FX challenge that I knew we needed to address. However, being a start up, we don't have time for complex and time consuming FX management. We also love working with other innovative start ups to solve our problems. Bound gives us reassurance that we are limiting our currency risk using their Averaging product, and best of all it takes just a few minutes of administration each month!

The team is also great - Caleb and the compliance team ensured onboarding was very smooth and they're always very quick to answer email queries or jump on a call - would highly recommend! Review collected by and hosted on G2.com.

What do you dislike about Bound?

No complaints so far! Excited to follow Bound's journey as they grow and continue to develop. Review collected by and hosted on G2.com.

What problems is Bound solving and how is that benefiting you?

Limiting our FX exposure on our subsidiary funding. We have next to no natural hedging on the EUR and need a large amount monthly to fund our Spanish subsidiary. Review collected by and hosted on G2.com.

Adam M.
AM
CCO, leader of payments strategy
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: Organic
What do you like best about Bound?

Bound have done a great job on simplifying the concepts of FX and hedging in particular. Their design and simplified language makes the complex and very useful business finance tools available to all.

We’ve started to work with Bond to bring efficiencies and predictability to specific employer and supply chain flows. It’s early days but the team have provided us with excellent support from onboarding to planning our first transactions.

As our global workforce and supply chain grows, I’m sure we will expand our use of Bound and look forward to seeing what they offer in the future.

Thanks from team Griffin Review collected by and hosted on G2.com.

What do you dislike about Bound?

I would love a simulator that allowed us to enter past transactions and get an historical pricing proposal. This would allow us to compare costs and calculate the business benefits. Most of these cost are curing so adding types of expenses would allow us to see a Quarter or annual cost benefit Review collected by and hosted on G2.com.

What problems is Bound solving and how is that benefiting you?

See above. international payroll and recurring supplier payments. Our currency exposure is mainly around Euro, USD, Nordics. We want to run a conservative approach and ensure high level of service. Review collected by and hosted on G2.com.

Leo B.
LB
Founder, CEO
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Bound?

I use bound to protect my foreign SaaS revenue and pay a remote team worldwide. It was my first time hedging, and the process was much easier than I expected.

I only started to think about FX after losses due to the dollar's volatility. By using Averaging, I saved money and made my numbers more predictable.

Thank you, Bound! Review collected by and hosted on G2.com.

What do you dislike about Bound?

The platform is great but I would love to integrate it in my product to protect my customers and create a new revenue stream Review collected by and hosted on G2.com.

What problems is Bound solving and how is that benefiting you?

Currency volatility Review collected by and hosted on G2.com.

Guillaume T.
GT
Développeur Full-stack
Small-Business(50 or fewer emp.)
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Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Bound?

Bound.io has a really great UI/UX website and the support team is amazing. Review collected by and hosted on G2.com.

What do you dislike about Bound?

The sign up system needs improvement: you have to wait for validation at the moment. Review collected by and hosted on G2.com.

What problems is Bound solving and how is that benefiting you?

Bound.io makes it easy to change foreign currencies, it's a very helpful service. Review collected by and hosted on G2.com.

Verified User in Consumer Services
UC
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Bound?

I started using Bound's platform to limit my currency risk. The platform is very transparent with costings while offering highly competitive pricing. We tend to use the platforms Forward and Spot features Review collected by and hosted on G2.com.

What do you dislike about Bound?

Currently have no negatives to report on since we started using the platform a few months ago Review collected by and hosted on G2.com.

What problems is Bound solving and how is that benefiting you?

Bound is helping us to limit our currency risk through tailored fx solutions. The broad range of features has allowed us to create hedging strategies suited to our business. Review collected by and hosted on G2.com.