Thunes, a Singapore-based fintech startup which operates a global B2B cross-border payments network, raised US$60m in Series B funding.
The round, which brought the total funds raised to US$70m, was led by Helios Investment Partners with participation from Checkout.com as well as existing investors GGV Capital and Future Shape.
The company intends to use the funds for continued development of its global network, expansion and growth in Africa, Asia and Latin America, growth of its team and product offering, including business payments and collections from emerging markets.
Launched in 2016 and led by Peter De Caluwe, CEO, Thunes provides a global network that connects mobile wallet providers, banks, technology companies and money transfer operators, enabling cross-border payments to and from emerging economies in a fast and secure manner. Today, the company connects different payment players in more than 100 countries and 60 currencies, allowing them to tap into the largest partner network in emerging markets.
The company is headquartered in Singapore with regional offices in London, Shanghai, New York, Dubai, and Nairobi.