Tare Raises $13.25 Million to Build End-to-End Exchange for Private Credit
Tare has completed a $13.25 million seed financing round led by Blockchain Capital, with participation from Strobe Ventures, Janus Henderson, and other notable investors including executives from Aave, Tether, Privy, and Steakhouse Financial. The funding will support the development of an end-to-end platform for originating, managing, and distributing credit assets on Avalanche blockchain. The company aims to address inefficiencies in private credit markets by providing a unified system that connects asset originators with investors through shared data registries and streamlined transaction processes. Tare's solution includes three integrated applications: Loan Origination System, Loan Management System, and Digital Investor Hub. The platform is designed to reduce operational costs and improve transparency for all participants. Tare also plans to launch its own consumer lending subsidiary in the U.S., offering unsecured personal loans as a practical application of its technology. Investors believe Tare's approach can modernize credit infrastructure by leveraging blockchain, improving outcomes across borrower, originator, and investor segments.
Tickers: $JPM
Topics: Blockchain Financing Fintech Private Credit