Tensec, a startup founded by former executives from Rapyd, Meta, and Goldman Sachs, has successfully raised $12 million in seed funding to target the $190 trillion B2B cross-border payments market.
Costanoa Ventures led this funding round, with participation from several investors, including Quiet Capital, WillowTree Investments, Cambrian VC, Ignia Partners, Montage Ventures, Renegade Partners, and Endeavor Scale Up Ventures.
Tensec aims to provide global trading companies and their clients with access to cross-border real-time payments and transaction banking services, which have traditionally been available only through major financial institutions. The company leverages AI, real-time payments, and a global fintech infrastructure to create a no-integration platform. This platform allows global trading companies to offer FX services, cross-border payments, treasury, and more to their SMB clients.
Currently, Tensec is collaborating with clients that facilitate $10 billion in annual trade volume. CEO Helcio Nobre states, “SMBs drive nearly half of global trade but have long been excluded from the financial tools that larger players rely on. We’re flipping the model by empowering global trading companies to deliver these services directly to their partners — making global commerce faster, cheaper, and more accessible.”