Tenora completes major funding round led by Macquarie

London, UK, October 14 2025 – Tenora Financial Group Ltd, a platform empowering businesses to take control of foreign exchange (FX) risk, today closes a major initial funding round led by Macquarie Group. The significant institutional backing, raised through Macquarie’s Commodities and Global Markets group, will accelerate Tenora’s development of technology aimed at bringing transparency to an opaque market reliant on legacy systems and manual workflows.

‍

Founded in 2025, Tenora was created to redefine industry standards in FX risk management. The platform will model, monitor and manage FX risk for corporates and institutions, delivering visibility for modern finance teams. By placing transparency and intelligent technology at the heart of FX and payments, Tenora aims to improve decision making for clients who have long relied on complex and fragmented data solutions.

‍

In leading this funding round, Macquarie will take a strategic stake in Tenora. Macquarie offers the expertise and scale required to develop the platform, which will be fully operational in Q1 2026.

‍

As part of the partnership between both businesses, Daniel McMahon, Associate Director, and Lachlan Green, Division Director at Macquarie, have joined the Tenora Board with immediate effect and will work closely with company co-founders, Harry Adams (Chief Executive Officer), Tom Alexander (Chief Product Officer) and Nick Corlett (Chief Technology Officer). As part of this round, further funding was raised via Tenora employees and individual private investors.

‍

Prospective clients can use Tenora’s free Hedge Analyser and register their details for product updates via www.tenora.com.

‍

Harry Adams, Co-Founder and Chief Executive Officer of Tenora, commented: “I am very pleased to welcome Macquarie as a significant shareholder in Tenora. To attract the backing of a major financial institution at this early stage is a strong endorsement of both the market need for our differentiated solution, and our compelling long-term strategy. Our two businesses believe that change is needed in the non-bank FX and payments industry 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 FX risk management”.

‍

Arturo Alonso, Senior Managing Director, Macquarie Group EMEA, commented: “We are delighted to be partnering with Tenora, providing the financial and strategic backing required to develop a disruptive solution for the FX and payments 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 solution made this a highly attractive, long-term partnership for Macquarie.”

About Tenora

Tenora Financial Group Ltd is a financial technology company focused on helping corporates and institutions manage foreign exchange risk with greater transparency and control. Founded by a team of experienced FX and technology professionals, the company's mission is to replace the manual workflows and fragmented systems that dominate the corporate FX market. Through TruHedge, Tenora’s proprietary technology, finance teams gain fully transparent FX execution alongside centralised exposure management and reporting, empowering them to make faster data-driven decisions and strengthen governance across the trade lifecycle. The firm is headquartered in London and is backed by Macquarie Group.

For more information please visit: https://www.tenora.com/

About Macquarie

Founded in 1969, Macquarie Group (Macquarie) employs over 19,000 people in 31 markets. Commodities and Global Markets, an operating group of Macquarie, has more than 45 years of working with clients to provide capital and financing, risk management, market access, and physical execution and logistics solutions across commodities, financial markets and asset finance sectors.

To find out more or speak to our team, get in touch at connect@tenora.com

‍