On October 21, 2025, Tesser announced that it has secured $4.5 million in seed funding for its cross-border stablecoin payments solution in a round led by Castle Island Ventures alongside Strobe Ventures and Anthemis, with participation from other strategic investors. Wilson Sonsini Goodrich & Rosati advised Tesser on the transaction.
Founded by Geetha Panchapakesan, a payments veteran who spent 18 years at MoneyGram, Visa Direct, and Circle, the company’s stablecoin payment platform addresses a critical gap: licensed financial institutions want to enable stablecoins, but lack the technical infrastructure to do so quickly and compliantly. The platform handles wallet provisioning, treasury management, compliance orchestration, and reconciliation — abstracting blockchain complexity and allowing institutions to maintain full control over risk and customer relationships.
The Wilson Sonsini team that advised Tesser on the transaction included Jonathan Chan, Kyle Canchola, and Kelly Stern.
For more information, please see Tesser’s news release.
