Singapore – Thunes, a global payment infrastructure, has recently secured $150m in a Series D funding round, achieved at an increased valuation and in record time. Said funding represents the company’s largest to date, with a notable increase in valuation over the last round.
Alongside the initiative, the company also shared its strategic partnership with private equity firms Apis Partners and Vitruvian Partners. This alliance is designed to fuel its expansion in the U.S., supported by licenses across all 50 states, subject to approval.
The funds will also be used to bolster the company’s direct global network, which spans 130+ countries, 80+ currencies and 550+ direct integrations, allowing real-time payments across complex and exotic markets.
In addition, Thunes will use advanced technology, compliance standards, and a seamless customer experience to ensure interoperability across diverse payment systems, from traditional to emerging currencies.
Aiming to focus on reaching the “next billion end users” in emerging markets, the company further strives to be the leading solution for fast, secure, and cost-effective cross-border payments.
Speaking about the initiative, Floris de Kort, CEO at Thunes, stated, “Thunes’ latest funding round is a clear validation of our strategy and our commitment to sustainable growth. Our performance, marked by a revenue run rate of $150m and positive EBITDA, demonstrates our ability to balance rapid expansion with financial prudence, even in a tumultuous market.”
“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,” explained de Kort.
Matteo Stefanel, managing partner and co-founder at Apis Partners, also shared, “Thunes has revolutionised global cross-border payments by seamlessly integrating robust technology with a disciplined financial strategy that inspires confidence. The company’s impressive growth record and positive EBITDA performance, even in these unprecedented times, clearly underpin the trust of its members and their ability to scale effectively. We have been closely monitoring Thunes’ remarkable journey and are consistently impressed by the team’s innovative approach, operational rigour, and strategic foresight.”
He further noted, “Thunes’ pursuit of excellence redefines industry standards and sets a high bar for reliability and performance in global payments. Lastly, we are especially proud of the work Thunes is doing in accelerating access to affordable financial services across the next billion users in emerging markets, and for Apis to play a small part in continuing this journey.”
Tassilo Arnhold, partner at Vitruvian Partners, remarked, “We are proud to partner with the visionary team at Thunes as they build a transformative platform that effectively bridges traditional banking, mobile wallets, and digital assets into one unified solution. At Vitruvian Partners, we value strategic vision, resilience, and commitment to innovation, all of which Thunes exemplifies in every aspect of its operations. They consistently demonstrate the ability to navigate complex market conditions while setting new standards for efficiency and transparency. We are delighted to support Thunes in their mission to continuously set and exceed industry benchmarks, thereby redefining the future of global cross-border payments.”
