Mar 5, 12:59 PM

Grain Finance Raises $50 Million Led by Bain Capital Ventures to Hedge Against FX Volatility

Grain Finance has emerged from stealth mode with a $50 million funding round aimed at helping businesses hedge against foreign exchange (FX) volatility. The Series A funding was led by Bain Capital Ventures (BCV), which expressed support for co-founders Dor, Michal, Aharon, and Nir in their mission to innovate in the foreign exchange and cross-border payments sector. The market for FX and cross-border payments is projected to grow from $190 trillion to $290 trillion over the next seven years, positioning Grain Finance to assist customers in simplifying and mitigating risks associated with international commerce.