#Singapore #Thunes #Apis Partners #Vitruvian Partners

Thunes Secures $150 Million in Series D Funding

Thunes, renowned for its innovative approach to international money transfer, has just announced a significant milestone in its growth journey. The company has successfully raised $150 million in its latest Series D funding round, marking the largest capital infusion in its history. This funding round not only signifies a substantial increase in the company's valuation compared to previous rounds but also demonstrates strong interest from prominent investors.

Among the key players backing this funding are Apis Partners and Vitruvian Partners, both distinguished private equity firms known for their extensive expertise in financial services and emerging markets. Their participation underscores a growing confidence in Thunes' ability to navigate the complexities of the global payments landscape.

With a current operational base that spans over 130 countries, multiple currencies, and a vast network of partner integrations, Thunes is on a steady growth trajectory. The company’s recent accreditation across all 50 U.S. states, pending regulatory approval, positions it for a robust expansion in the lucrative U.S. market. The additional capital will be instrumental in further developing its Direct Global Network, which facilitates real-time payments across a wide variety of markets, catering to a projected $150 trillion opportunity in cross-border payment transactions.

Floris de Kort, CEO of Thunes, expressed excitement about this funding round, indicating it serves as a strong affirmation of their growth strategy. He noted that Thunes is now profitable, with a revenue run-rate of $150 million and positive earnings before interest, taxes, depreciation, and amortization (EBITDA).

De Kort further explained how this new capital will empower Thunes to foster technological advancements, especially in areas like artificial intelligence and creating a seamless connection across diverse payment platforms, including both traditional and emerging currencies. His vision is to integrate the next billion end users located primarily in emerging markets, thereby transforming the landscape of cross-border payments.

Industry experts like Matteo Stefanel, Managing Partner at Apis Partners, reiterated the groundbreaking impact Thunes has made in revolutionizing global payments through the integration of sophisticated technology and a disciplined financial strategy. He acknowledged Thunes' impressive performance and its adaptive strategies during challenging market conditions. He also highlighted the company’s commitment to improving access to cost-effective financial services for users in emerging markets.

On similar lines, Tassilo Arnhold, a partner at Vitruvian Partners, expressed pride in collaborating with Thunes. He mentioned how the company is crafting an innovative platform that merges traditional banking, mobile wallets, and digital assets into a singular, unified solution. Their resilient approach and commitment to innovation, according to him, illustrate Thunes' solid foundation built on operational excellence and transparency.

This latest round of fundraising not only solidifies Thunes' financial standing but also prepares it for an ambitious future filled with potential growth in a rapidly evolving fintech environment. The journey ahead is exciting as Thunes charts new pathways to redefine global cross-border payments, striving to exceed industry standards and benchmarks.

In conclusion, as the company continues on this accelerated path toward expansion and further development, it stands as a testament to what is achievable in the world of financial technology, promising a brighter future for cross-border transactions worldwide.

Proton Partners served as financial advisors during this transaction, guiding Thunes to successfully navigate this pivotal funding round. Recent developments in Thunes' journey offer an inspiring narrative of resilience and innovation in a field that continuously faces new challenges.