Israel-based fintech start-up Grain has secured over $50 million in funding to launch its new FX management platform for cross-border transactions. The company, founded in 2022, has emerged from stealth mode and plans to accelerate product development while expanding its workforce.
Israel-based fintech start-up Grain has successfully raised over $50 million to launch its AI-powered FX management platform, designed to optimize foreign exchange (FX) processes for commerce companies, B2B marketplaces, and payment service providers.
Founded in 2022, Grain provides an API-based embedded FX hedging solution that automates settlement, FX exposure analysis, and fund transfers. The platform also supports spot transactions, local currency collection, and virtual FX account services, enhancing global transaction efficiency.
The latest funding round includes $18 million in seed funding and a $33 million Series A round led by Bain Capital Ventures, with participation from Aleph, Vesey Ventures, and Hanaco Ventures.
CEO Dor Golan, formerly a managing partner at Blue Orca Capital, leads the team alongside CBO Aharon Navon (former Barclays CEEMEA FX and rates trading lead), COO Michal Beinisch (ex-Barclays Israel executive), and CPO Nir Galon.
Despite operating in stealth mode, Grain has already processed over $1 billion in annual transactions. With the newly acquired funds, the company plans to double its workforce, currently at 25 employees, by the end of 2025 while accelerating product development.
The fintech space in Israel continues to grow, with Grain’s expansion marking a significant step in AI-powered FX automation for global businesses.