Silicon Valley-based FinTech company Tensec, which develops AI-driven cross-border financial services for trading businesses, has secured a $60m credit facility from Upper90 Capital Management.
The financing round marks a major milestone for Tensec, which will use the facility to increase its annual trade volume tenfold—from $500m to $5bn. The deal with Upper90 supports the firm’s growth strategy amid rapid expansion in the cross-border payments market, which is forecast to climb from $194.6tn in 2024 to $320tn by 2032.
Tensec specialises in building AI-native financial tools for import and export trading companies. Its zero-integration platform allows clients, in partnership with Stearns Bank N.A., to offer foreign exchange (FX), cross-border payments, treasury management and other services seamlessly. The company operates under a “Powered by Tensec” model, in which its AI engine automates all technical, operational and compliance processes.
The $60m facility will help Tensec scale to meet growing client demand, supporting higher transaction volumes and increasing wallet share from existing customers. The firm plans to accelerate onboarding of new clients while enhancing real-time cross-border payment capabilities and expanding its financial toolkit.
Tensec founder and CEO Helcio Nobre said, “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.”
Upper90 co-founder and CEO Billy Libby said, “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.”
Earlier this year, Tensec raised $12m in seed funding led by Costanoa Ventures, which helped lay the groundwork for its platform. With the new facility, the company aims to add more than 100 new trading partners over the next 18 months, offering them compliant U.S. banking and payments infrastructure that would typically take years to develop independently.
Read the daily FinTech news
Copyright © 2025 FinTech Global
