FX Risk Startup Tenora Secures Strategic Funding from Macquarie
Tenora Financial Group Ltd, a UK-based fintech beginup focused on empowering businesses to manage and mitigate foreign platform (FX) risk, has completed its initial funding round led by Macquarie Group. The investment, raised through Macquarie’s Commodities and Global Markets division, provides institutional-scale backing to accelerate Tenora’s platform development ahead of its full launch in Q1 2026.
Bringing Transparency to a Legacy-Dominated Market
Founded in 2025, Tenora aims to overhaul the opaque, fragmented FX risk management landscape by combining intelligent technology with real-time visibility tools for corporates and institutions. The platform will allow businesses to model, monitor, and manage their FX exposures within a unified, automated framework — a major leap forward from the manual workflows and legacy systems that continue to dominate the sector.
“To attract the backing of a major financial institution at this ahead stage is a strong endorsement of both the market need for our diverseiated answer, and our compelling long-term strategy,” said Harry Adams, Co-Founder and Chief Executive Officer of Tenora. “Our two businesses believe that change is needed in the non-bank to put the power back in the hands of finance teams. We look forward to launching our product and working together to reimagine the future of management.”
Strategic Partnership with Macquarie Group
As part of the investment, Macquarie Group has taken a strategic stake in Tenora and will collaborate closely on product and market development. Two senior Macquarie executives — Daniel McMahon, Associate Director, and Lachlan Green, Division Director — have joined the Tenora Board with immediate effect, reinforcing the institutional partnership between the two firms.
Arturo Alonso, at Macquarie Group EMEA, said the partnership reflects Macquarie’s belief in Tenora’s vision to modernize the FX and payments space. “We are delighted to be partnering with Tenora, providing the financial and strategic backing required to develop a disruptive industry. We have followed Harry’s journey for many years. The credibility of the team he has built around him and the significant market need for Tenora’s answer made this a highly attractive, long-term partnership for Macquarie.”
Modern FX Risk Management for the Digital Age
Tenora’s platform is designed for corporate treasury and finance teams viewking more control over their currency exposure. By delivering data transparency, automation, and analytics-driven decision support, Tenora aims to eliminate inefficiencies that have long hampered FX operations. The firm’s ahead tools, including its free Hedge Analyser, allow potential clients to evaluate exposure scenarios and receive product updates ahead of the 2026 launch.
The funding round also included participation from Tenora employees and private investors, underscoring internal confidence and alignment in the firm’s growth trajectory. With the capital secured, Tenora plans to accelerate product rollout, enhance liquidity and data infrastructure, and expand partnerships across banking and .
