TessPay Inc.
TelecommunicationsFlorida, United States11-50 Employees
TessPay Inc. operates a platform that uses blockchain technology to provide payment assurance and liquidity across supply chains. The system employs smart contracts to translate contract terms into automated settlements, updating participant balances accordingly. It is designed to bolster lender confidence, mitigate fraud, and bring transparency to supply chain finance transactions for wholesale telecom carriers and telecom providers participating in the FCC's Affordable Connectivity Program, as well as in large construction projects involving funders, developers, contractors, and suppliers. The company is based in Fort Myers, Florida. In early 2024 it announced significant enhancements to its blockchain-based platform.