Thunes, a Singapore-based fintech company that connects payment players in more than 100 countries, raised US$60m in Series B growth funding.
The round, which brings total funding to US$130m, with US$120 million in the last six months, was led by Insight Partners, with participation from existing shareholders.
The company intends to use the funds to expand growth.
In just four years, Thunes, which is regulated by the Monetary Authority of Singapore and the Financial Conduct Authority in the United Kingdom, has become a leader in the fast-evolving cross-border payments landscape.
Led by Peter De Caluwe, CEO, Thunes is used by global banks, money transfer operators, platforms and many other businesses to make payments to bank accounts, mobile wallets and cash pick-up providers. The platform currently connects more than 260 customers and network partners from across 110 countries to send and receive money globally. Thunes is headquartered in Singapore with regional offices in London, Shanghai, New York, Dubai, and Nairobi.
Customers who have joined Thunes’ global network include Southeast Asia’s superapp Grab, online payments platform PayPal, mobile money wallet M-Pesa, Commercial Bank of Dubai, global money transfer operators Western Union and Remitly, as well as Singapore insurance firm NTUC Income.
FinSMEs
22/05/2021