MACQUARIE GROUP, an Australian investment bank, increased its stake in TENORA, a UK-based fintech company, to 33% after the latter obtained an e-money license from the FCA. The deal closed on April 28, 2026.

Acquirer: Macquarie Group (AU)
Target: Tenora (GB)
Deal type: acquisition
Value: Undisclosed
Close date: April 28, 2026
Announcement date: April 28, 2026
Buy-side advisors: Not disclosed
Sell-side advisors: Not disclosed
Legal buy-side: Not disclosed
Legal sell-side: Not disclosed

Deal Mechanics

The Australian investment bank Macquarie Group increased its stake in Tenora to 33% after the fintech company obtained an e-money license from the UK's Financial Conduct Authority (FCA). The deal does not disclose a specific value but highlights Macquarie’s strategic interest in expanding its financial services portfolio.

Strategic Rationale

Macquarie Group's investment underscores the growing importance of regulatory compliance and innovative technology in the financial sector. By increasing its stake, Macquarie aims to bolster Tenora’s capabilities in delivering e-money solutions while leveraging the fintech startup's strong market position.

Financial Context

Tenora’s recent success in obtaining an e-money license positions it for growth and increased revenue streams from financial services. The deal reflects a strategic alignment between Macquarie, looking to expand its digital offerings, and Tenora, seeking capital and expertise to scale operations.

Advisors

Details of the advisors involved in this transaction were not disclosed by either party.

Outlook

This move is expected to enhance Macquarie Group’s fintech portfolio and support Tenora's ambitious expansion plans. With regulatory hurdles cleared, both parties are optimistic about future growth opportunities in e-money services.