Fintech startup TenureX, which provides a banking as service platform, has completed a $5 million seed funding round, the company announced Monday.
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The round was led by Fintop Capital (together with its JV: JAM & Fintop), with additional participation from Chris Adelsbach, Jason Henrichs, Nissim Bar-El, Tom Brown, Rob Frohwein, Kathryn Petralia, Jonathan Ebinger, Ehud Arad, and Roman Regelman, in addition to existing investors, including VentureIsrael, and Hack VC.
TenureX is building a platform for financial institutions and small to medium-size banks that enables them to cooperate with each other.
TenureX's 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.
"Our ability to lead the market is further validated by the conviction of our investors who present a unique set of qualities and backgrounds that are synergetic to TenureX's execution of its ambitious mission, in addition to Angels drawing a pool for world known fintech leaders and bankers" said Izhar Arieli, CEO of TenureX.
