FinTech firm Tensec has raised $12 million in fresh funding to expand its real-time cross-border payment services. This funding round aims to equip companies—especially small and medium-sized businesses (SMBs)—with access to financial tools that have traditionally been exclusive to large institutions.
According to CEO and co-founder Helcio Nobre, SMBs contribute to nearly half of the global trade market but often lack access to modern financial infrastructure. Tensec is shifting this narrative by enabling trading firms to offer direct financial services, helping make international commerce faster, more cost-effective, and more inclusive.
The company’s platform leverages artificial intelligence, real-time payment systems, and a global FinTech network to offer FX, treasury, and other cross-border financial solutions. This is a significant move in a $190 trillion global payments industry, where SMB needs have been historically underserved.
Despite innovations in the consumer and enterprise payment sectors, cross-border payments for SMBs continue to lag. Nobre pointed out that outdated legacy systems built by traditional banks no longer meet the demands of today’s fast-paced trade environment. “We’re bypassing the old infrastructure to give trading companies the tools to build their own financial service offerings,” he said.
Recent research from PYMNTS highlights the persistent hurdles SMBs face, including concerns around digital wallets—such as lack of standardization, partner acceptance, and security risks. However, these challenges present a clear opportunity for FinTechs to simplify onboarding, ensure compliance, and improve global interoperability to better serve this overlooked market segment.
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News Source: Pymnts.com
