$2m · Pre-Seed · Fintech · London, UK
Tenka, a London company building a permissioned marketplace for asset-backed finance, has raised a $2m pre-seed round led by Maven 11, with participation from Gami Capital and angel investors. The company says the funding will support infrastructure connecting origination, book-building, collateral reporting, valuation, settlement and secondary trading, with launch planned for later in 2026.
The company release confirms the round, stage and investors but does not state the amount in its body; $2m is reported by Tech.eu Funding Explorer and DefiLlama.
Transferable exposure needs shared information first
Asset-backed credit is difficult to trade before maturity because a prospective buyer must understand the underlying collateral, structure and performance. Tenka's proposition is to carry consistent reporting and independent valuation from origination into a secondary transaction. If that information travels with the exposure, buyers can assess it without rebuilding the deal from fragmented documents.
The harder commercial task is creating dependable liquidity, not simply enabling settlement. A permissioned venue needs enough credible originators and investors with different time horizons for price discovery to work. Standardised data can reduce transaction friction, but an exit still depends on buyer demand and price. Tenka's value will therefore rise with the depth and quality of participation on both sides.
