Cross-Border Payments Fintech Thunes to Acquire Digital Payment Platform Tilia

To accelerate its growth in the United States and its presence in the fast-expanding online gaming market, Thunes, a global cross-border payments company, is proud to announce that it signed a definitive agreement to acquire Tilia LLC, an all-in-one payments platform.

Tilia is licensed in 48 U.S. states and territories and “offers payment solutions (acceptance and pay-outs) for online games, virtual worlds, creator economies, and in-app purchases.”

Upon closing of the transaction, “which is subject to regulatory approvals, Thunes’ bespoke global network to accept and pay in real-time through four billion bank accounts, three billion digital wallets and 550 Alternative Payment Methods (APMs) will become available to merchants across the United States, including current Tilia customers.”

Using Tilia’s technology, Thunes will be able “to offer Visa, MasterCard, American Express, JCB and UnionPay acceptance to Thunes’ customers.”

As part of the transaction, Thunes and Linden Research, Inc, the current majority owner of Tilia, have agreed “to an exclusive five-year partnership in which, post closing, Thunes will provide payment processing and pay-outs to Linden Lab, leveraging Thunes’ global network – allowing gamers to pay, and to receive money real-time, in a more cost-efficient way and with increased transparency.”

Floris de Kort, CEO of Thunes said:

“The acquisition of Tilia demonstrates our ambition in the United States. This investment will enable us to leverage Tilia’s capabilities to provide merchants with direct money movement solutions in and out of the United States. Furthermore, Tilia’s deep expertise in online gaming, virtual worlds and token-based payments will greatly accelerate our growth into that fast-growing, exciting industry.”

Brad Oberwager, CEO of Linden Lab said:

“Thunes is an exceptional company that directly connects nearly every payment method and market worldwide. The combination of Tilia and Thunes will give Linden Lab’s customers more payment choices, and the ability to receive pay-outs in real time, anywhere, into the wallet or bank account of their choice. It will be business as usual for our people and our customers as we bring Tilia and Thunes together.”

Subject to regulatory approval, after the acquisition closes, Tilia will “be rebranded as Thunes and will remain based in San Francisco.”

As covered, Thunes is a global payment innovator “enabling seamless, instant and transparent money movement for the 21st century.”

Through their expansive network, they empower customers “to Accept and Pay in real-time, closing the gap between payment systems worldwide.”

Thunes currently facilitates payments in 84 currencies “across 133 countries, using over 550 payment methods, including 129 mobile wallets like PayPal, M Pesa and Orange Money, gig economy giants like Uber and Deliveroo and super-apps like Grab and WeChat.”

Headquartered in Singapore, Thunes reportedly “has offices in 14 locations, including Beijing, Nairobi, Riyadh, Dubai, San Francisco, Sao Paulo, London, Paris, Barcelona and Manila.”

With a mission to connect the world’s population so that commerce can operate in a borderless, frictionless way, Thunes’ network “is powering the next chapter of the digital economy.”


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