£7.5m · Other round · Fintech · London, UK
London-based Tenora has secured £7.5m in mixed financing from Irish payments and foreign exchange group Fexco. The package comprises a £5.5m equity investment and a £2m dedicated funding line to support treasury and margin requirements as trading volumes grow.
Tenora is expanding its TruHedge platform beyond foreign exchange risk management into broader corporate treasury workflows, bringing exposure monitoring, hedging, execution, cash management and global payments into one system. The company says the capital will support product development and international expansion. Fexco Financial Services CEO Sean Crowe has joined Tenora's board.
From FX tool to treasury system
Mid-market finance teams often manage currency exposure, payments and cash positions through separate providers and spreadsheets. Tenora's commercial opportunity is to connect those steps inside one regulated workflow: its FCA-authorised e-money institution can issue electronic money, safeguard client funds and provide payment services alongside hedging tools.
The £2m funding line matters differently from the equity. It supports balance-sheet and margin needs as trading volumes increase, while the £5.5m equity funds product and market expansion. That structure links Tenora's growth capacity to the transaction flows it wants to orchestrate, making execution volume and operational controls central to the model.
