# TenX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tenx

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.tenx.tech
- Total disclosed funding: $1M
- Latest round: Seed (Mar 31, 2017)
- Investors on record: 3

## About

TenX is a Singapore-based company that specializes in innovative technology solutions for financial transactions, focusing on enhancing user access to digital currencies through a blockchain-based platform.Founded in 2015 and headquartered in Singapore, TenX develops a blockchain-based platform that facilitates secure cross-border payments. The company was established by Frederic Ahkit, James Boult, Mohamed Aboelsoud, and Marcela Bocayuva. TenX has secured funding through 3 deals, with its latest funding round being a Seed round that raised USD 1.000 mn from investors including FF Estate AG, Fenbushi Capital, and Mustedanagic & Plott Brothers. The total amount raised by the company is USD 1.000 mn, with a current company valuation of USD 10.000 mn. The most recent deal occurred on January 12, 2021.TenX provides a suite of innovative technology solutions aimed at streamlining financial transactions and enhancing digital currency access. Their core offering is a blockchain-based platform designed for secure and instantaneous cross-border payments, catering to both small to medium-sized enterprises and individual consumers. The services address prevalent issues in traditional banking, such as transaction speed, security, and high fees, with a focus on high digital currency adoption areas like Southeast Asia and Europe.In 2023, TenX reported an EBITDA of USD 2,343,550, while their revenue stood at USD 0. The company generates income through subscription fees for platform access and transaction fees for each payment completed, working with clients directly and forming partnerships with financial institutions and fintech companies for additional revenue streams.As of January 2021, TenX discontinued its operations, and thus, there are no current plans for product launches or expansions into new geographic regions. The use of recent funding for future initiatives is not applicable as the company is no longer operational.

## Funding rounds

- Seed, Mar 31, 2017, $1M — Fenbushi Capital, FF Estate AG, Mustedanagic & Plott Brothers

## Investors

- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Seed
- FF Estate AG — Seed
- Mustedanagic & Plott Brothers (https://capitalatlas.ai/funds/mustedanagic-plott-brothers) — Seed