Tensec, a fintech company specializing in AI-native cross-border financial solutions, announced it has secured a $60 million credit facility from Upper90 Capital Management. The new financing will enable Tensec to expand its annual trade volume tenfold from $500 million to $5 billion, meeting the increasing demand from import and export trading firms operating in the global payments market.
Tensec’s platform is designed to provide seamless, compliant cross-border financial tools for global trading companies without the need for complex integrations. Through its partnership with Stearns Bank, N.A., a Member FDIC institution, Tensec enables businesses to deliver foreign exchange (FX), cross-border payments, treasury management, and other financial services directly to their clients. Its “Powered by Tensec” model utilizes an AI engine to handle all operational, technical, and compliance aspects, allowing companies to scale financial offerings without infrastructure investment.
The $60 million credit facility strengthens Tensec’s ability to serve a growing customer base and increase transaction capacity. As global payment volumes are expected to rise from $194.6 trillion in 2024 to $320 trillion by 2032—a 64% increase—the company is positioning itself to capture a significant portion of the rapidly expanding cross-border payments sector.
Earlier this year, Tensec raised $12 million in seed funding led by Costanoa Ventures to build its foundational services. The new credit financing will support accelerated growth, enabling the onboarding of over 100 new trading partners within 18 months. Each partner will gain access to compliant U.S. banking and real-time payments infrastructure—capabilities that typically require years and millions of dollars to develop independently.
Tensec’s AI-driven model enables rapid deployment of advanced financial tools that help trading companies expand their reach, manage liquidity, and move money globally with efficiency and transparency. By leveraging artificial intelligence, Tensec reduces transaction costs, enhances customer experiences, and eliminates traditional integration barriers that limit scale and flexibility in international trade.
KEY QUOTES:
“The credit partnership with Upper90 is a catalyst for Tensec’s growth. It allows us to rapidly scale our customer base and transaction volumes, bringing more global trade enablers into the cross-border financial services market. Upper90’s sophisticated approach to structuring growth capital makes them an ideal partner. This credit partnership allows us to bring exponentially more companies into the market as we scale from $500M to $5 billion in transaction volume.”
Helcio Nobre, Founder and CEO of Tensec
“We are thrilled to partner with Tensec as they embark on this next phase of exciting growth. Cross-border trade is a theme we have been focused on since starting Upper90, and when we met Tensec we were immediately impressed by the tech-first approach to this opportunity utilizing AI to reduce transaction costs and improve the customer experience. The team’s depth and breadth of experience, combined with their technology-first approach to the market, aligns perfectly with Upper90’s focus on capital-intensive, early-stage, technology businesses. Tensec’s platform is not only transforming how trading companies operate—it’s opening up an entirely new market, and we’re excited to support them on this journey.”
Billy Libby, Co-Founder and CEO of Upper90
