What does Tensec do?
Tensec is a cross-border financial services company that leverages AI, real-time payments, and a global fintech infrastructure to offer a no-integration platform. This platform enables global trading companies to provide foreign exchange, cross-border payments, treasury services, and more to their SMB clients.
How much did they raise?
The company raised $12M in Seed funding, with Costanoa Ventures leading the round and participation from Quiet Capital, WillowTree Investments, Cambrian VC, Ignia Partners, Montage Ventures, Renegade Partners, and Endeavor Scale Up Ventures.
What are their plans for the money?
Tensec aims to use the funds to expand its operations and extend its business reach, further enhancing its global fintech infrastructure and broadening the range of financial services it provides.
What have they achieved so far?
The company has already demonstrated significant traction, working with customers who facilitate approximately $10 billion in annual trade volume.
