Tenka Announces Pre-Seed Round Led by Maven 11 to Build Market Infrastructure for Asset-Backed Finance

Tenka announced the close of a pre-seed round led by Maven 11, with additional participation from Gami Capital and a group of angel investors. The company said the financing will support development of a marketplace linking the origination, placement and trading of asset-backed finance instruments. Tenka describes its approach as combining structured book-building at origination with the mechanics of an active secondary market.

The platform aims to serve a range of asset-backed exposures that fund everyday economic activity, including consumer loans, business receivables and equipment leases. Tenka's product is designed to let investors transfer exposure without changing the maturity or terms of the underlying loans, providing an alternative to bilateral sales or fund-level redemption mechanisms that currently constrain liquidity in private credit.

Tenka plans to integrate ongoing collateral reporting, independent valuation and onchain settlement capabilities, and said it is working with Tranched to leverage onchain securitisation expertise. At origination, Tenka intends to use structured book-building to present standardized collateral information and clear transaction terms so prospective buyers can more easily price exposures without reconstructing loan documentation.

Company leaders framed the platform as connecting investors with different liquidity needs and horizons: one investor can sell exposure to a buyer willing to hold the position to maturity, allowing originators to recycle capital without requiring borrowers to repay early. Tenka cautioned that the objective is not to convert long-duration assets into short-term ones, and that liquidity will ultimately depend on buyer demand and price rather than guarantees of net asset value.

Tenka said its permissioned marketplace will feature independent valuation, consistent reporting and onchain settlement, and that the platform is scheduled to launch later this year. The company is headquartered in St Helier, Jersey, and lists Emile Dubié as its CEO.