Fexco Invests in UK Fintech Tenora To Support Its Expansion Into Corporate Treasury

Fexco, the international payments and business services group, has announced an investment in the UK financial technology company Tenora, supporting its expansion into the corporate treasury market and the continued development of its AI-native platform.

With more than four decades of experience in payments, foreign exchange and financial services, Fexco brings established expertise that closely connects to this investment.

Supporting innovation in corporate treasury

Tenora is developing a technology-led approach to corporate treasury that brings together foreign exchange risk management, hedging and execution, cash management and global payments within a single platform. This approach is designed to give businesses greater clarity, control and oversight across treasury activities that have traditionally been managed through separate providers, systems and processes.

Harry Adams, Founder and Chief Executive Officer at Tenora, said:

“Corporates don’t experience FX risk, global payments and cash management as three separate problems, but the market sells them this way. We think treasury should operate as one lifecycle, from identifying an exposure through to moving and settling the money, with the governance and oversight businesses expect from institutional financial infrastructure

“Fexco has spent more than four decades building payments and FX infrastructure at global scale. Its experience will be hugely valuable as we expand Tenora beyond FX and build the next generation of corporate treasury infrastructure.”

As part of the investment, Sean Crowe will join Tenora’s board. He joined the Fexco Group Executive in July 2022 and leads the Group’s Financial Services division.

Sean Crowe, CEO of Fexco Financial Services, said:

“Tenora is applying modern technology to an area of the market where many processes remain manual and disconnected. What stands out is the team’s commitment to building on strong foundations, with institutional-grade infrastructure, governance and controls embedded from the outset

“Harry and the team bring a clear vision and deep understanding of the market, and we are pleased to support them as a long-term partner as they execute on that opportunity.”