Thunes Secures $150M Series D Funding Led by Apis and Vitruvian Partners to Revolutionize Global Payments in FinTech
Thunes, a leading global payments fintech based in Singapore, has successfully raised $150 million in its Series D funding round, making it the largest capital infusion in the company’s history. This significant achievement highlights the growing importance of real-time payment solutions in the global financial landscape.
Details of Thunes’ Series D Funding Round
The Series D funding round was spearheaded by esteemed private equity firms Apis Partners and Vitruvian Partners. The influx of capital will enable Thunes to enhance its operations and expand its reach.
Thunes’ Global Payment Network
Thunes operates a proprietary Direct Global Network that supports real-time payments across over 130 countries and more than 80 currencies. The platform connects to:
- Over 7 billion mobile wallets and bank accounts worldwide
- 15 billion cards through more than 320 different payment methods
Its impressive client portfolio includes notable names such as Uber, Deliveroo, Grab, and WeChat.
Strategic Goals and Future Plans
With the newly acquired funds, Thunes aims to:
- Accelerate its expansion into the United States, building on recent licensing efforts across 50 states (pending regulatory approval).
- Enhance its Direct Global Network to provide faster and more secure cross-border payments.
- Drive technological innovations, including advancements in artificial intelligence and digital asset interoperability.
- Support its mission to serve the “next billion end users” in emerging markets.
CEO Statement and Company Performance
Thunes CEO, Floris de Kort, expressed optimism about the funding round, stating, “Our latest funding round validates our strategy and commitment to sustainable growth. With a revenue run-rate of $150 million and a positive EBITDA, we demonstrate our ability to balance rapid expansion with financial prudence, even in challenging market conditions.”
Industry Impact and Recognition
Matteo Stefanel, managing partner and co-founder of Apis Partners, commented on Thunes’ impact, noting that the company has transformed global cross-border payments. He praised the firm’s ability to integrate robust technology with a disciplined financial strategy, which instills confidence among its members.
As Thunes continues to innovate and expand, it sets a new standard for reliability and performance in the global payments industry. For more insights on the fintech landscape, visit Forbes Fintech.
Stay tuned for more updates on Thunes and its journey towards transforming the cross-border payments experience.
