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      Fintech Company Tare Secures $13.25 Million in Seed Funding

      Tare, a fintech company based in the United States, has successfully raised $13.25 million in a seed round of financing. The funding round was led by Blockchain Capital and included contributions from several notable investors such as Janus Henderson, Strobe Ventures, the Venture Dept, Neoclassic Capital, and the Avalanche Foundation. Prominent individual investors involved in the round include Aave CEO Stani Kulechov, Tether co-founder Phil Potter, and Privy CEO Henri Stern.

      The newly acquired funds will be allocated towards the development and expansion of Tare's loan management software, hiring additional staff, and securing the necessary licenses for its loan department, Tare Credit LLC, to operate across the United States. Tare aims to leverage the Avalanche blockchain to create digital records for loans and streamline the management of associated administrative tasks.

      Co-founded by Kevin Miao, Keerthi Moudgal, and Lucas Vogelsang, Tare seeks to address inefficiencies in the lending process. Miao highlighted that the disparity between the interest paid by borrowers and the returns received by investors is often diminished by intermediaries. By utilizing blockchain technology, Tare aims to automate operational tasks and reduce additional costs, enhancing the overall efficiency of loan management.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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