Tare Secures $13.25 Million Seed Funding Led by Blockchain Capital

FinTech firm Tare has secured a $13.25 million (approximately KRW 180.2 billion) seed investment, according to reports. Blockchain Capital led the funding round. Fortune reported that Janus Henderson, Strobe Ventures, The Venture Dept, Neoclassic Capital, and Avalanche Foundation participated in the investment. Individual investors included Aave CEO Stani Kulechov, Tether co-founder Phil Potter, and Privy CEO Henri Stern.

Tare plans to use the funds for developing and expanding its loan management software, hiring staff, and obtaining necessary licenses for nationwide operations of its lending division, Tare Credit LLC. The company's official website states it is building a platform supporting personal loans, loan execution and management, and investment services, starting with personal lending.