Argentex founder's new fintech firm Tenora secures funding from Macquarie

Harry Adams, the founder of the now-collapsed foreign exchange group Argentex, has secured a significant funding injection for his new venture, Tenora. The FX technology platform, established earlier in 2025, received investment from Australian financial giant Macquarie Group, which has taken a minority stake valuing Tenora at £15 million. The funding round also saw contributions from Tenora employees and individual investors.

Argentex collapsed earlier this year amid market turmoil attributed to tariff regimes and regulatory delays that hampered efforts to secure emergency funding. Following this, Adams launched Tenora to equip business clients with advanced tools for managing foreign exchange risk, particularly in volatile market conditions. Macquarie's involvement includes the appointment of two directors to Tenora's board.

Arturo Alonso, a senior managing director at Macquarie, described Tenora as a disruptive force in the FX and payments industry, citing a strong market need for its solutions. Tenora's initial product, Truhedge, is designed to facilitate faster, data-driven FX decision-making.