Thunes, a Singapore-based provider of a B2B payment infrastructure platform, raised an additional undisclosed amount of funding.
The round, which brought the total amount of Series C to USD $72M, was supported by Visa, EDBI and Endeavor Catalyst. It came shortly after Thunes announced an investment of $60m led by London-based hedge fund Marshall Wace with support from Bessemer Venture Partners and Southeast Asian private equity firm 01Fintech.
The company intends to use the funds to expand operations and its business reach.
Founded in 2016 and led by CEO Peter De Caluwe, Thunes is a global B2B payment infrastructure platform that empowers payments for businesses. Through a single connection, consumers and businesses can send payments across the world. The company currently supports 80 currencies, enables payments to 132 countries and support to accept 300 payment methods. In April 2022, Thunes acquired a controlling stake in an anti-money laundering and compliance platform company Tookitaki, which now enables the company’s advanced compliance, anti-fraud and anti-money laundering capabilities, setting an international benchmark for sustainable compliance.
Using an API integration with Visa Direct, Visa’s customers – financial institutions, governments, neobanks and money transfer operators – can enable consumers and small businesses to send funds to eligible digital wallets in Africa, Asia, and Latin America, powered by the Thunes global network.
The company is headquartered in Singapore, with regional offices in London, Paris, Shanghai, Beijing, Dubai, Hong Kong, Barcelona, Miami and Nairobi.
Current investors include Visa, EDBI, Endeavor Catalyst, Marshall Wace, Bessemer Venture Partners, 01Fintech, Future Shape, Insight Partners, Checkout.com, Helios Investment Partners and GGV Capital.
FinSMEs
17/07/2023