Fexco backs Tenora with £7.5 million for corporate treasury expansion
Tenora is bringing FX risk management, hedging, cash management and global payments into one platform.
Bringing treasury workflows together
The platform brings together FX risk management, hedging and execution with cash management and global payments. Tenora’s expansion beyond foreign exchange is aimed at companies whose treasury work is split among separate providers, systems and processes.
Equity plus a treasury funding line
Fexco’s commitment comprises £5.5 million of equity and a further £2 million funding line for treasury and margin requirements as trading volumes grow. The investment will support product development and overseas expansion; Fexco’s Sean Crowe has joined Tenora’s board.
Use of funds
Expand beyond foreign exchange into corporate treasury orchestration
Develop the AI-native platform and expand overseas
Support treasury and margin requirements as trading volumes grow