Tenora, the B2B FX risk management firm launched last year by former Argentex CEO Harry Adams, has announced what it calls two significant milestones that mark a defining moment in its growth.

First, Tenora’s UK subsidiary, Tenora Financial Solutions Limited, has received authorisation from the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI), while Australia based financial services firm Macquarie Group, through its Commodities and Global Markets business, has increased its total shareholding in Tenora to 33%, following approval from the Australian Prudential Regulation Authority (APRA).

The company said that these developments reflect the progress Tenora has made since its founding and the scale of the opportunity ahead. Operating within a fully regulated framework and with institutional backing, Tenora said it is accelerating its strategy to deliver end-to-end FX lifecycle orchestration: connecting pre-trade, trade and post-trade activity within a single, transparent, and governed platform.

As an authorised EMI, Tenora Financial Solutions Limited can now issue electronic money, provide regulated payment services, safeguard client funds, and offer multi-currency virtual IBANs and cross-border payment services – all integrated within TruHedge, Tenora’s flagship platform. For clients, this means that the full FX lifecycle, from exposure identification and hedging strategy through to execution and cross-border settlement, can be managed within a single regulated environment.

Harry Adams, Founder and Chief Executive Officer of Tenora, commented,

“Tenora was founded with a mission to bring greater transparency and data-driven precision to an industry that has historically lacked both. Our FCA authorisation as an Electronic Money Institution is a key milestone in our journey. It is a reflection of our core to embed governance standards and institutional infrastructure in everything we do.

“We are also delighted to strengthen our relationship with Macquarie following its decision to increase its shareholding to 33%, reflecting confidence in the business and its strategic direction. We look forward to using this moment to accelerate our growth strategy and provide corporates with much needed choice and greater transparency in their FX risk management, treasury and payments solutions.”

Arturo Alonso, Senior Managing Director, Macquarie Commodities and Global Markets, added,

“As AI reshapes how people interact with software, businesses need strong, defensible foundations to scale securely and competitively. Tenora’s FCA-authorised EMI licence, combined with its AI-native technology, is distinctive in the market and provides a strong platform for expansion. Macquarie is pleased to support the company as it enters its next phase of growth.”

About Tenora Financial Group

Tenora is a financial technology company focused on helping organisations manage FX risk with greater clarity, transparency, and control. Tenora’s flagship platform, TruHedge, supports end-to-end FX management across pre-trade, trade, and post-trade activity. It enables finance teams to make informed decisions, execute with confidence, and maintain real time oversight and governance. Tenora Financial Solutions Limited, is authorised by the Financial Conduct Authority as an Electronic Money Institution.