Tensec, a firm specialising in AI-driven cross-border financial services, has secured a $60m credit facility from Upper90 Capital Management to accelerate its expansion.
The new financing from Upper90 will allow Tensec to expand its annual trade volume from $500m to $5bn, meeting increased demand from import and export trading clients. The investment represents a significant milestone for the firm as it continues to build on its AI-native platform that simplifies global financial transactions.
Tensec develops AI-powered financial tools designed to help trading companies manage foreign exchange, cross-border payments, treasury operations and other financial functions. Through its partnership with Stearns Bank, N.A., Member FDIC, the company enables clients to offer these services directly to their customers on a zero-integration platform. Its “Powered by Tensec” model automates the technical, operational and compliance requirements, helping businesses scale efficiently.
The $60m funding will be used to increase Tensec’s transaction capacity, expand its customer base and deepen relationships with existing clients. The company plans to use the facility to boost cross-border payment flows and support real-time financial services amid a sharp rise in global payment volumes. With the international payments market forecast to grow from $194.6tn in 2024 to $320tn by 2032, Tensec is positioning itself to capture a larger share of the sector.
Tensec 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 to lay the groundwork for its AI-native financial services. With the new credit facility, the company aims to onboard more than 100 new trading partners over the next 18 months, granting them instant access to compliant U.S. banking and payments infrastructure—capabilities that would otherwise require years and significant capital to develop independently.
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