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Grain, a fintech startup leveraging artificial intelligence to optimise foreign exchange (FX) transactions and hedging, has raised over $50 million to scale its platform.
Founded in 2022, the company recently closed a $33 million Series A funding round led by Bain Capital Ventures, with continued support from investors Aleph, Vessey Ventures, and Hanaco Ventures. This follows an earlier $18 million seed round, bringing its total funding to date beyond $50 million.
Grain’s AI-powered platform is designed to optimise FX for cross-border transactions, automatically mitigating currency fluctuation risks while identifying pricing opportunities to enhance sales conversions.
With more than 300 billion cross-border transactions occurring annually—exceeding $150 trillion in total value—FX volatility presents a significant risk to international businesses, impacting their profit margins.
Grain believes that businesses require automated solutions that dynamically adjust currency pricing based on each end user’s profile at the point of sale to minimise financial risk.
Its technology addresses this challenge by optimising and hedging B2B micro-transactions, integrating seamlessly into sales platforms. The AI-driven solution enables CFOs and finance teams to incorporate FX risk-adjusted pricing directly into front-end sales interfaces, ensuring a more stable and predictable pricing model for global transactions.
By analysing end-user data, Grain customises pricing strategies to reduce currency risk. Its system integrates directly into B2B software platforms, marketplaces, and payment providers, streamlining international transactions while minimising friction for businesses.
Currently processing over $1 billion in annual transactions, Grain is rapidly expanding into key industries such as travel, payments, and accounts payable/receivable (AP/AR) software. With its latest funding, the company plans to accelerate product development and double its workforce, which currently stands at 25 employees, by the end of the year.
“Global commerce is evolving faster than ever, yet FX volatility remains a persistent challenge for businesses operating across borders,” said Dor Golan, CEO of Grain. “At Grain, we are transforming FX from a financial risk into a strategic advantage.”
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