# FINTECH BOUND APPOINTS CFO AMID SOARING GROWTH
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2022-05-26
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: Bound Appoints Marita Cavalcanti CFO Amid Surging Demand
Meta Description: Meet Marita Cavalcanti, Bound's new CFO. With her extensive experience in finance and fantastic leadership skills, Bound is set to soar as businesses rush
URL: https://fintechherald.com/fintech-bound-appoints-cfo-amid-soaring-growth

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- _The intelligent hedging platform_ [_Bound_](https://streaklinks.com/BD32rcYqKodhf-Pn0QY_0au5/https%3A%2F%2Fwww.bound.co%2F) _has appointed Marita Cavalcanti as its first Chief Financial Officer_
- _Cavalcanti is a former director at digital bank OakNorth and was co-head of Capital Markets at global financial services company Ebury_
- _She joins Bound as demand for currency hedging surges as businesses rush to protect themselves from volatile exchange rates_
- _London-based Bound, which launched in 2021 to help businesses of all sizes manage their currency risk, saw trading volumes jump by 339% in Q1 2022_

**London, 25 May 2022** – The intelligent hedging platform [Bound](https://streaklinks.com/BD32rccl5eoy7ckQ5wbU0Ezj/https%3A%2F%2Fwww.bound.co%2F) has boosted its top team with the appointment of its first Chief Financial Officer.

Marita Cavalcanti has joined the hotly tipped fintech as it enjoys a period of rapid growth. Bound saw trading volumes soar by **339%** in the first quarter of the year, having previously posted a **200%** quarter-on-quarter jump in Q4 2021.

Bound’s boom in demand comes as increasingly volatile exchange rates prompt thousands of small and medium-sized businesses to explore how hedging can protect their bottom line from sudden currency movements.

The start-up, which launched last year, was created to make currency hedging easier and quicker for businesses of all sizes. Echoing the way challenger banks have outshone their conventional rivals on apps and customer service, Bound has a modern, user-friendly digital interface that takes the complexity out of the hedging process, giving customers off-the-shelf strategies they can use in minutes.

Cavalcanti was previously CFO at the property technology firm Proportunity, where she will remain a board adviser. She has more than 20 years’ experience in the banking and fintech sectors, gained in senior roles at OakNorth, Ebury and investment banks such as the Japanese financial services giant Nomura.

**Marita Cavalcanti, CFO at Bound, commented:**

“I’m excited to join Bound and its mission to deliver hedging without the head scratching, making it accessible and transparent for any business that trades across borders.

“For too long, thousands of SMEs have been left at the mercy of currency risk because they were put off hedging by an FX industry that made the process opaque and overcomplicated.

“Fortunately those days are ending thanks to Bound. Bound’s seamless, intuitive digital platform gives users an easy, transparent experience and allows them to protect themselves from increasingly volatile exchange rates.”

**Bound CEO Seth Phillips commented:**

“Bringing in a leader of Marita’s stature as CFO is a huge win for Bound and I am delighted to welcome her aboard. Her depth of experience, not to mention her stellar background in FX advisory roles, makes her a perfect fit for our ambitious business and our fast-growing team.”


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