Tesser Payments announced the close of a $4.5 million seed funding round led by Castle Island Ventures, with participation from Strobe Ventures, Anthemis, and other strategic investors. And the company is building a stablecoin-based payments infrastructure that enables licensed financial institutions to move money across borders instantly and compliantly—cutting transaction times from weeks to hours and reducing associated costs by up to 95%.
Founded in 2025 by Geetha Panchapakesan, a payments industry veteran with 18 years of experience at MoneyGram, Visa Direct, and Circle, Tesser aims to bridge the gap between traditional financial institutions and blockchain-powered money movement. While stablecoins have already processed $6.4 trillion in payments in 2024—nearly half of Visa’s $13.2 trillion global payment volume—banks, fintechs, and payment service providers (PSPs) have struggled to adopt the technology due to compliance and infrastructure limitations.
Tesser’s full-stack platform enables institutions to integrate stablecoin payments into their systems in under a month. The solution handles wallet provisioning, treasury management, compliance orchestration, and reconciliation—removing the technical barriers to blockchain integration while allowing institutions to retain complete control of their risk management and customer relationships.
The company’s platform is designed to support existing financial workflows without disintermediating traditional players. By providing a compliant, easy-to-deploy infrastructure, Tesser enables banks and PSPs to deliver faster, lower-cost cross-border payments, unlock new revenue streams, and compete effectively in an increasingly digital global payments market.
Tesser plans to debut its minimum viable product (MVP) at Money 2020 in Las Vegas this October, where it will showcase the platform’s capabilities to industry leaders and potential partners.
KEY QUOTE:
“We’re giving institutions the full stack infrastructure to add blockchain as a payment rail, the same way they added mobile payments. We are the only platform that doesn’t seek to compete with banks, PSPs or fintechs, but support them.”
Geetha Panchapakesan, Founder and CEO, Tesser
