Tensec, a company co-founded by seasoned financial and tech veterans, has recently secured an $60 million credit facility from Upper90 Capital Management to fuel its expansion in cross-border financial operations. This financing aims to help the firm boost its trade volume from $500 million annually to $5 billion within a year, driven by rising demand among importers and exporters.

This latest round of funding comes after Tensec raised an additional $12 million in a seed financing led by Costanoa earlier this year. The new capital will assist the fintech firm in expanding its transaction capacity, deepening relationships with current clients, and extending services to new trading partners. Over the next 18 months, it is anticipated that Tensec will onboard more than 100 new partners, offering them seamless access to US banking and payment infrastructure.

Scaling AI-driven cross-border capabilities

Tensec operates a zero-integration platform that leverages artificial intelligence for trading companies. Through this system, businesses can offer foreign exchange, treasury management, and cross-border payment services under the Powered by Tensec model in partnership with Stearns Bank, N.A. The technology simplifies compliance, operational, and technical requirements to facilitate entry into international financial markets.

Tensec representatives view the new credit line as a pivotal move for scaling their client base and processing capacity. They believe that the additional liquidity will significantly contribute to enhanced participation in global trade networks. Upper90 officials also highlighted that this collaboration underscores their ongoing interest in cross-border trade, particularly in supporting technology-driven firms that utilize AI to enhance efficiency and reduce costs.

Industry forecasts predict that global payment volumes could grow from $194.6 trillion in 2024 to approximately $320 trillion by 2032, a 64% increase.