Why We Invested · Bain Capital Ventures
Investment thesis
Grain will become the foundational infrastructure index for cross-border commerce frequency, volume, and complexity.
Grain will grow into the index on the increasing frequency, volume and complexity of cross-border commerce. Grain will become the de-facto FX super suit for its customers.
Product
Grain provides an API-forward, AI-powered FX infrastructure that eliminates operational currency complexity, enables dynamic pricing, and locks in exchange rates.
An easily integrated, API-forward product, Grain enables businesses to no longer need to worry about the complex world of global payments and currency volatility. Their AI-powered solution not only eliminates complexity, but also enables revenue and finance leaders to intelligently price
Traction
In less than a year since launching its product, Grain processes over $1 billion in annual transactions.
In less than a year since launch of its product, Grain currently processes over $1 billion in annual transactions and is expanding into industries including travel, payments, merchant acquisition and AP/AR software.
Team
Grain's leadership team uniquely combines deep FX domain expertise, financial institution executive experience, and Silicon Valley fintech backgrounds.
Building in a highly complex, relationship oriented industry at the forefront of AI takes a unique founding team with a combination of deep domain expertise, hustle, clout within the financial institution ecosystem, and Silicon Valley DNA.
Investment context
Bain Capital Ventures led Grain's $33 million Series A financing round alongside Aleph, Vesey, and Hanaco.
Today, we’re excited to announce Grain’s BCV-led $33 million Series A alongside our great friends at Aleph, Vesey and Hanaco.
What founders can learn
- The traction evidence that carried weight: Bain Capital Ventures wrote that In less than a year since launching its product, Grain processes over $1 billion in annual transactions.
- How the team was judged: Bain Capital Ventures wrote that Grain's leadership team uniquely combines deep FX domain expertise, financial institution executive experience, and Silicon Valley fintech backgrounds.
Source and provenance
Why We Invested published by Bain Capital Ventures on baincapitalventures.com (first-party source). Read the original
