BlockTower, Centrifuge, and J.P. Morgan executives raise from Blockchain Capital, Janus Henderson, and Apollo to transform the process of loan creation and distribution
NEW YORK, Sept. 16, 2026 — Tare announced today the completion of $13.25 million in seed financing to launch a unified system for originating, managing, and financing credit assets.
The financing was led by Blockchain Capital, with participation from Strobe Ventures, Janus Henderson, Apollo Global Management, The Venture Dept, Neoclassic Capital, and the Avalanche Foundation. Additional support came from Stani Kulechov, CEO of Aave; Phil Potter, co-founder of Tether; Henri Stern, CEO of Privy; Nik Milanovic, CEO of This Week in Fintech and Stablecon; and Mark Phillips, co-founder of Steakhouse Financial, among others.
Asset Backed Finance (ABF) is a pillar of private credit portfolios, with the U.S. TAM (total addressable market) alone estimated at between $6 to $8 trillion dollars. Investors rely on timely and accurate data to manage risk, yet recent AIMA studies found that 69% of asset managers lack sufficient data management capabilities. The result is slower execution and higher operating costs, limiting how efficiently capital can move through the credit market.
Tare connects asset originators and investors through a shared asset ledger, enabling buyers and sellers to source opportunities and transact with greater control and trust. Built on Avalanche, the Tare network is managed through three vertically-integrated applications:
- Loan Origination System, a modern decisioning engine that writes standardized loan data into the shared asset registry
- Loan Management System, an end-to-end servicing and securitization engine to allocate and settle funds on an ongoing basis, and
- Digital Investor Hub, a first-of-its-kind platform for investors to source, analyze, purchase, monitor, and sell credit assets
“Credit is one of the largest markets in the world, yet the infrastructure supporting it remains fragmented and inefficient,” said Kevin Miao, CEO of Tare. “Tare closes that gap by bringing origination, servicing, and capital markets into one unified system. Credit can move faster and with less friction when lenders and investors work from the same information, reducing the layers between the asset and the capital financing it.”
Designed to be a developer-friendly, self-serve experience for capital markets participants, Tare’s platform aims to drive operational efficiencies that lower costs and fees for borrowers. Tare is also putting the platform to work in its own business: Tare Credit LLC, a licensed consumer lending subsidiary that will begin originating unsecured personal loans to U.S. borrowers this month.
“Private credit has grown enormously, but the data and settlement infrastructure behind it hasn’t kept up,” said Nick Cherney, Head of Innovation at Janus Henderson. “Currently, investors are paying the price in terms of complexity, lack of transparency, and lower yields. We invested in Tare because the team deeply understands the problems in the existing markets, how to solve those problems with superior technology, and has a track record of execution from global financial institutions to cutting-edge blockchain innovation. We believe Tare can finally implement the promise of blockchains to drive better outcomes for all borrowers, originators, and investors”
Tare was founded by Kevin Miao, Keerthi Moudgal, and Lucas Vogelsang, who bring experience across private credit, financial infrastructure, and digital assets. Miao previously ran a $2 billion private credit portfolio at BlockTower, Moudgal led product development at J.P. Morgan’s Kinexys, and Vogelsang founded Centrifuge, the pioneer of tokenized securitizations.
“Tare is going after a generational opportunity to modernize how loan originators and investors connect, automating complex capital markets around a single source of truth,” said Aleks Larsen, General Partner at Blockchain Capital. “With deep experience tackling hard problems both in private credit and onchain finance, the Tare team is uniquely suited for this mission, and we’re thrilled to work closely with them as they drive towards a far more efficient and transparent credit system.”
The new capital will support Tare’s continued product development and hiring, as the company expands the platform to more lenders and institutional investors.
Lenders and investors interested in originating, financing, or managing credit through Tare can contact [email protected].
Open positions are listed at tare.ai/careers.
About Tare
Tare connects loan originators and investors through an end-to-end suite of tokenization applications, dramatically lowering the cost and complexity for credit capital markets operations. Tare’s Loan Origination System, Loan Management System, and Investor Hub connect stakeholders across the entire loan lifecycle. Tare’s infrastructure is being proven in regulated financial markets through its subsidiary, Tare Credit LLC, a licensed U.S. lender that originates unsecured personal loans. Tare’s vision is to build the next-generation credit exchange, returning value to borrowers and investors alike through lower costs and higher risk-adjusted returns.
SOURCE Tare
