Thunes, the so-called “Smart Superhighway” to move money around the world, is proud to announce the raise of its $150 million Series D at a valuation increase over its last round.
Thunes welcomes Apis Partners and Vitruvian Partners, two private equity firms, both globally recognized “for their expertise in financial services and emerging markets.”
Now profitable and maintaining growth momentum, Thunes plans to leverage this capital from the funding round to supercharge its “expansion in the United States, supported by the recent acquisition of licenses across 50 U.S. States, subject to regulatory approval.”
These funds will further strengthen Thunes’ Direct Global Network, which today spans “130+ countries, 80+ currencies and 550+ direct integrations, enabling real-time payments across complex and exotic markets.”
As cross-border payments swell towards a $150 trillion market opportunity, Thunes stands “positioned to continue to capture a growing share.”
Through innoative technology, compliance standards, and a seamless customer experience, Thunes continues to “make diverse payment systems, including traditional, digital, and emerging currencies, interoperable.”
With a vision to include the “next billion end users” in emerging markets, Thunes aims to be the go-to solution “for fast, secure, and cost-effective cross-border payments, connecting billions of wallets and thousands of partners worldwide.”
Floris de Kort, CEO of Thunes said:
“This new capital enables us to extend our Direct Global Network, including in the United States, drive technological innovation, from Artificial Intelligence to digital asset ecosystem interoperability, and deliver superior value to the Members of our proprietary Network. In a challenging funding environment, our progress and resilience set a new industry standard.”
Thunes is now set to enhance the standards of global cross-border payments, forging new pathways “for growth and innovation in a rapidly evolving fintech landscape.”
Proton Partners served as financial advisors on this transaction.
As covered, Thunes says it is the Smart Superhighway “to move money around the world.”
Thunes’ Direct Global Network “allows Members to make payments in real-time in over 130 countries and more than 80 currencies.”
Thunes’ Network connects directly to over “7 billion mobile wallets and bank accounts worldwide, as well as 15 billion cards via more than 320 different payment methods, such as GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay.”
Thunes’ Direct Global Network differentiates itself “through its worldwide reach, in-house SmartX Treasury System and Fortress Compliance Platform, ensuring Members of the Network receive unrivaled speed, control, visibility, protection, and cost efficiencies when making real-time payments, globally.”
Members of Thunes’ Direct Global Network include gig economy businesses like Uber and Deliveroo, super-apps like Grab and WeChat, MTOs, fintechs, PSPs and banks.
Headquartered in Singapore, Thunes reportedly has offices in 13 locations, including Barcelona, Beijing, Dubai, Hong Kong, and other jurisdictions.