Grain, a fintech company revolutionizing foreign exchange (FX) management, has successfully raised over $50 million in funding to launch its AI-powered FX optimization and hedging platform. The latest funding includes a $33 million Series A round led by Bain Capital Ventures, with support from Aleph, Vessey Ventures, and Hanaco Ventures, following a $18 million seed round. Grain’s cutting-edge technology addresses the growing complexity and risk of foreign exchange in cross-border transactions, enabling businesses to streamline global operations and mitigate currency fluctuation risks.
With over 300 billion cross-border transactions occurring globally each year, totaling over $150 trillion, businesses are facing increasing FX volatility. The digital economy and geopolitical disruptions have made real-time FX management more essential than ever. Grain’s platform helps B2B businesses manage this risk by automatically adjusting currency pricing based on user-specific profiles at the point of sale. By integrating directly into sales interfaces, Grain’s solution offers automated, dynamic pricing that reduces currency exposure and maximizes revenue potential.
Grain’s embedded FX solutions provide finance teams with the ability to hedge and optimize B2B micro-transactions seamlessly, integrating directly into software platforms, marketplaces, and payment providers. The platform’s AI-driven algorithms allow businesses to dynamically price their products or services in real-time, minimizing currency-related risks and maximizing conversions for their customers.
CEO Dor Golan emphasized the importance of Grain’s solution, stating, “We’ve set out to transform FX from a challenge into a competitive advantage for businesses, allowing CFOs to eliminate currency risk with precision while driving revenue growth.” With the new funding, Grain plans to accelerate product development and expand its workforce, aiming to double its employee count by the end of the year.
Grain already processes over $1 billion in annual transactions and is expanding into industries such as travel, payments, and accounts payable/receivable software. The company’s mission is to become the go-to platform for online marketplaces, software platforms, and payment providers seeking automated hedging and FX optimization solutions.
With growing cross-border payment volumes and increasing market volatility, Grain is well-positioned to address these challenges, providing businesses with greater stability, cost savings, and revenue opportunities in the dynamic global marketplace.
