Tare

Tare is a financial-technology company building back-office infrastructure for private credit markets on Avalanche. Its stated aim is to create digital records of loans and automate the administrative work of servicing them — recordkeeping, payment distribution and transaction reconciliation — in one platform rather than across spreadsheets and bespoke systems.

What Tare does

Tare targets asset-backed finance within private credit, a market participants size in the trillions of dollars. The platform is described as combining loan origination, loan management and an investor hub end to end, so that a loan's record and its servicing history live in the same place as the investor reporting drawn from them.

Founders

Tare was co-founded by Kevin Miao, Keerthi Moudgal and Lucas Vogelsang. Miao previously traded structured mortgage products at Citigroup and founded a credit business at BlockTower; Moudgal led development of JPMorgan's internal blockchain division; Vogelsang co-founded Centrifuge. The company is headquartered in Brooklyn with an additional office in Lisbon.

Backing

Tare announced a 13.25 million seed round led by Blockchain Capital, joined by Janus Henderson, Strobe Ventures, The Venture Dept, Neoclassic Capital and the Avalanche Foundation, alongside individual investors from the stablecoin and DeFi sectors.

Regulatory posture

Part of the raise is earmarked for licensing: Tare has said it intends to secure licences for Tare Credit LLC to operate as a lending business in the United States, positioning the platform as regulated financial infrastructure rather than a permissionless protocol.