On-chain private credit platform Tenka closes pre-seed round led by Maven 11
Tenka has successfully closed an undisclosed pre-seed funding round led by Maven 11, with additional participation from Gami Capital and various angel investors. The company is developing market infrastructure designed to bridge the gap between the origination, placement, and secondary trading of asset-backed finance instruments. By focusing on consumer loans, business receivables, and equipment leases, Tenka aims to solve the inherent illiquidity issues currently plaguing private credit markets. The platform utilizes structured book-building to aggregate investor interest while incorporating standardized collateral reporting and independent valuation tools. Through a strategic collaboration with Tranched, Tenka integrates onchain securitization tooling to streamline settlement and price discovery processes. This infrastructure allows originators to access new capital pools directly onchain while providing investors with a mechanism to exit positions through secondary market transfers. The initiative represents a significant effort to modernize private credit by enabling liquidity for long-duration assets without requiring maturity transformation.