With the timing somewhat interesting following the recent near-collapse of his former company Argentex, former Argentex CEO Harry Adams (pictured at top middle) has announced the launch of his latest FX venture, called Tenora.

Tenora (at website tenora.io), based in London, plans to help businesses manage foreign exchange (FX) risk, reduce hidden costs, and improve visibility across global payments and hedging strategies. The founders report that Tenora was created to challenge outdated FX service models that lack transparency and accountability. Tenora brings advanced analytics, intelligent automation and AI-driven tools, to deliver smarter, more efficient FX risk management and cross-border payment solutions – empowering CFOs, finance teams, and treasury professionals to take real control of their currency exposure.

Tenora will be headed by CEO Harry Adams, as noted above previously (2012-2023) CEO of Argentex, a company he co-founded. Other Tenora founders include New Zealand based CTO Nick Corlett (top left), formerly CTO of FX risk management software company Equip, and Sydney based Chief Product Officer Tom Alexander (top right), former CEO of Equip.

Harry posted the following note today on social media about the launch of Tenora.

We’re excited to announce the launch of Tenora, a first-of-its-kind venture set to reshape FX risk management for global businesses.

Tenora brings cutting-edge technology and transparency to a traditionally opaque market, challenging outdated practices and redefining industry standards for the benefit of corporates, institutions and their counterparties.

Our first product is the free-to-use Hedge Analyser — a powerful tool that delivers real-time and historical insights, enabling businesses to:

– Uncover the hidden cost of hedging with transparency into counterparty profits on every trade

– Assess potential earning impacts from FX movements

– Evaluate the Cost-Benefit on the value of hedging

And this is just the beginning. We will be rolling out a full product suite designed to empower businesses with clear, actionable insights, helping them make smarter financial decisions in a dynamic global market.

Together, we have the opportunity to reshape an industry — and we’re just getting started.