TenureX is building a SaaS corresponding-banking platform that enables financial institutions and small-to-medium banks to cooperate on wire transfers via an API or a web portal. The platform creates a new workflow and validation process based on enhanced unified data sets to enable pre-validation capabilities (Know Your Transfer) for every transaction, programmatically and at scale. TenureX aims to allow customers to improve, streamline, and expand domestic and cross-border wire transfer execution with current and future banking partners over a reliable, controlled digital network. Led by CEO Izhar Arieli, the company plans to use the funds to further accelerate its network growth and add more members to improve validation, quality, and coverage for all members. The company raised $5M in seed funding to support this network expansion.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2021