TenureX

Company Overview

Snapshot

Founded in July 2020 by Izhar Arieli, Eyal Azulay, Or Kapelinsky, and Ben - Yaniv Chechik, TenureX operates with 1–10 employees. The company has raised $5M across one funding round from 14 investors, with Fintop Capital identified as a lead investor. In February 2022, TenureX announced its platform was live and had completed its first transactions.

Business overview

TenureX is building a marketplace for financial institutions to trade in cross-border transactions within the Fintech & Insurtech sector. The company's platform aims to empower financial institutions and financial technology partners to secure and expand their international business. It offers enhanced digital due diligence, automated transaction analysis, error elimination, and maximized interaction opportunities between banks and financial institutions globally, all in real-time with minimal integration. TenureX operates across various markets including Money Transfer & Management and Trading & Investing, serving financial institutions, banks, and other financial services entities.

Strategic signal

In July 2022, TenureX partnered with SightSpan to transform the US correspondent banking industry. This collaboration indicates TenureX's strategic focus on expanding its reach and impact within a critical segment of global finance, signaling potential for broader adoption and validation of its cross-border transaction platform.

Company Intelligence Q&A

What is the current operational status of TenureX?

TenureX is currently non-active, having ceased operations in February 2023.

When did TenureX complete its Series Seed funding round?

TenureX raised $5M in its Series Seed round in August 2021, with Fintop Capital leading the investment.

Which investors participated in TenureX's funding round?

TenureX received funding from investors including Fintop Capital and Plug and Play.

When did TenureX's platform go live and complete its first transactions?

TenureX announced its platform was live and had completed its first transactions in February 2022.

What significant partnership did TenureX announce in 2022?

In July 2022, TenureX partnered with SightSpan to transform the US correspondent banking industry.