While many go about daily life unaware of currency fluctuations, businesses and individuals engaged in cross-border trade or living in volatile economies feel the impact keenly. Recently, startups focusing on foreign exchange solutions have attracted nearly $900 million in funding over the past year and a half, highlighting growing investor interest in addressing currency risks.

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Among the newest entrants is Tel Aviv-based Grain, which raised over $50 million in a Series A led by Bain Capital Ventures. Grain develops tools for software and trade platforms to mitigate currency volatility risks.

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Other notable recent financings include Toronto’s Venn, offering multi-currency accounts with competitive FX rates, which secured $21.5 million; Nsave, providing dollar, euro, and sterling accounts to residents of high-inflation countries, which raised $18 million; and Raenest, enabling cross-border payments for African businesses and gig workers, which closed an $11 million Series A.

London- and Geneva-based Sokin, which offers a platform for handling over 100 currencies, secured $15 million in debt funding from BlackRock after receiving a $31 million strategic investment from Morgan Stanley.

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Singapore’s M-DAC leads the pack with a $100 million Series E last November, bringing its total capital raised to $346 million.

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This surge in funding reflects ongoing currency market volatility caused by tariffs, inflation concerns, and economic slowdowns. These startups aim to help businesses and individuals navigate a world where currency swings have become a constant challenge.

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