# TenureX

**Source:** https://www.startuphub.ai/startups/tenurex
**Profile type:** Startup

> Platform to streamline correspondent banking relationships, democratizing access and efficiency.

## About

TenureX developed a platform designed to enable and streamline correspondent banking relationships. Their vision was to democratize correspondent banking by shifting from subjective, rigid, bilateral-based relationships to objective, streamlined, multilateral transaction-based ones. The platform aimed to help financial institutions and small-medium banks cooperate easily, without risk or cost adjustments, by removing complex correspondent banking relationships and putting the transaction first.

## Key facts

- **Slug:** tenurex
- **Website:** https://www.tenurex.com
- **Location:** Tel Aviv, Israel
- **Founded:** 2019-09-01
- **Employees:** 30
- **Operating status:** Inactive
- **Total funding:** $5M
- **Sectors / tags:** Fintech, Banking, Payments, Embedded Finance, Banking Infrastructure, Correspondent Banking, Financial Services, API Platform, Banking Software
- **Social:**
  - LinkedIn: https://il.linkedin.com/company/tenurex

## Frequently asked

### What does TenureX do?

TenureX developed a platform designed to enable and streamline correspondent banking relationships. Their vision was to democratize correspondent banking by shifting from subjective, rigid, bilateral-based relationships to objective, streamlined, multilateral transaction-based ones. The platform aimed to help financial institutions and small-medium banks cooperate easily, without risk or cost adjustments, by removing complex correspondent banking relationships and putting the transaction first.

### What is TenureX's revenue?

StartupHub estimates TenureX's annual revenue at $9.0M (range $7.3M to $10.4M, 63% confidence), based on comparable companies in the sector.

### What is TenureX's valuation?

StartupHub estimates TenureX's effective valuation at $10.8M (range $7.6M to $14.1M, 27% confidence), based on comparable companies in the sector.

### How much funding has TenureX raised?

TenureX has raised a total of $5M in funding. The most recent round on record is Seed.

### Where is TenureX headquartered?

TenureX is headquartered in Tel Aviv, Israel.

### When was TenureX founded?

TenureX was founded in 2019.

### What industry does TenureX operate in?

TenureX operates in Fintech, Banking, Payments, Embedded Finance, Banking Infrastructure, Correspondent Banking.

### How many employees does TenureX have?

TenureX has approximately 30 people on record.

### What is TenureX's current status?

TenureX's current operating status is: Inactive.

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