Grain Secures Over $50M in Funding to Revolutionize Cross-Border Payments with AI-Driven Foreign Exchange Solutions

Grain Secures Over $50M in Funding to Revolutionize Cross-Border Payments with AI-Driven Foreign Exchange Solutions

Grain, a cutting-edge FinTech firm specializing in foreign exchange (FX) optimization for cross-border transactions, has recently raised over $50 million in funding to enhance its AI-driven platform. This investment is expected to significantly bolster its capabilities in providing embedded FX solutions for businesses.

Funding Details and Growth Plans

The latest funding round includes a $33 million Series A led by Bain Capital Ventures, with contributions from Aleph, Vessey Ventures, and Hanaco Ventures. This new investment follows an earlier $18 million seed round, bringing Grain’s total funding to over $50 million.

Innovative Embedded FX Solutions

Grain is focused on delivering embedded FX solutions tailored for B2B platforms, marketplaces, and payment providers. Their innovative technology aims to:

  • Mitigate currency risk in real-time.
  • Facilitate dynamic pricing at the point of sale.
  • Integrate seamlessly into sales interfaces, updating prices based on customer profiles.

Strategic Expansion and Workforce Growth

The newly acquired capital will be instrumental in accelerating product development and expanding Grain’s workforce. Currently, the company has 25 employees and plans to double its team by the end of the year.

Addressing Global Trade Complexity

With over 300 billion cross-border transactions occurring annually, valued at more than $150 trillion, the demand for automated FX risk management tools is surging. Grain is at the forefront of this evolution, especially in the face of increasing geopolitical uncertainty and market volatility.

Insight from Grain’s Leadership

Grain’s co-founder and CEO, Dor Golan, emphasized the urgency of their mission: “Global commerce moves faster than ever, yet FX volatility continues to create barriers for businesses operating across borders. Our platform transforms FX from a challenge into a competitive advantage, enabling CFOs to eliminate currency exposure precisely while also driving revenue growth.”

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Expert Endorsements

Mark Fiorentino, a partner at Bain Capital Ventures, praised Grain’s unique approach, stating, “The Grain team exemplifies founder-market fit with their technical and commercial expertise in cross-border payments. They have built an AI-native platform focused on user experience, delivering stability and cost savings while alleviating operational challenges.”

For more on how Grain is revolutionizing FX solutions, visit their official website. For related insights on foreign exchange trends, check out our article on current FX trends.

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