Tare Secures $13.25 Million to Overhaul Private Credit Infrastructure

The capital injection includes participation from major institutional players such as Janus Henderson and Apollo Global Management, alongside key industry figures like Aave CEO Stani Kulechov. Tare’s platform, built on the Avalanche network, functions as an end-to-end ledger designed to synchronize originators and investors. By integrating loan origination, management, and a digital investor hub, the company seeks to eliminate the information silos that currently plague the private credit sector.

Kevin Miao, Tare’s CEO and a former portfolio manager at BlockTower, contends that the industry’s lack of transparency and high operating costs stem from disparate systems that fail to communicate. According to AIMA studies, 69% of asset managers lack the data capabilities required for efficient risk management. To prove its infrastructure, Tare is launching its own lending subsidiary, Tare Credit LLC, which begins originating unsecured personal loans this month.

The founding team, which includes alumni from J.P. Morgan’s Kinexys and Centrifuge, intends to use the new funding to accelerate product development and scale hiring. Investors like Nick Cherney of Janus Henderson point to the team’s dual expertise in traditional finance and onchain architecture as the catalyst for backing the platform, noting that the current market complexity unnecessarily depresses yields for institutional participants.