Thunes Expands Operations in the U.S. with New Money Transmission Licenses

Thunes Expands Operations in the U.S.

Thunes, often referred to as the "Smart Superhighway for global money transfers," has made a significant stride by acquiring the necessary 50 licenses to operate across the United States. This acquisition represents a pivotal milestone for the company, particularly following its successful Series D funding round, revealing Thunes' commitment to accelerating its growth and fulfilling its strategic objectives.

The newly formed entity, Thunes Financial Services LLC, will allow the organization to provide its comprehensive Pay and Accept suite of services directly to American corporates, merchants, and digital platforms. By capitalizing on these new regulatory approvals, Thunes now has the authority to contract directly with U.S. businesses for real-time cross-border payments. Their Direct Global Network connects to over 7 billion mobile wallets and bank accounts while supporting 15 billion cards in more than 130 countries and utilizing over 80 currencies.

This entry into the American market is not just an expansion; it's a gateway for members of Thunes' Direct Global Network from around the world to access the vast U.S. market through a streamlined process. This strategic move underscores Thunes' commitment to forging a robust and compliant global payments infrastructure.

CEO of Thunes, Floris de Kort, expressed pride in the company's accomplishment, stating, "We have built a world-leading payments network. Securing our U.S. licenses marks a significant milestone in our global growth. It's a reflection of the momentum we've created and the trust we continue to earn. We are scaling with purpose and delivering limitless, tangible value to every member of the Thunes Direct Global Network in the process."

Chloé Mayenobe, Thunes' President and Chief Operating Officer, emphasized the unique position Thunes now holds, remarking, "With our newly obtained U.S. licenses, we're uniquely positioned to empower businesses across various sectors—from travel and social media to digital assets, insurance, and gig economies—to link up with the world’s most robust and reliable cross-border payments network. Membership in the Thunes Direct Global Network provides access to real-time payments, unlocking new revenue opportunities in the fastest-growing markets globally."

Ruwan De Soyza, General Counsel at Thunes, noted that the successful acquisition of U.S. licenses is a crucial moment for the company. It allows Thunes to enhance its global strategy while maintaining high regulatory compliance and transparency. He further stated, "By refining our solid legal and operational foundation, we are better equipped to responsibly push for innovation within cross-border payments and uplift businesses worldwide. I take great pride in leading a team that ensures every step we take is legally sound and aligned with our mission for global financial inclusion."

About Thunes

Thunes stands as a beacon in the realm of money movement, described as the Smart Superhighway for handling money transfers globally. The company’s proprietary Direct Global Network allows members to execute real-time payments in over 130 countries and across more than 80 currencies. This network connects seamlessly to more than 7 billion mobile wallets and bank accounts worldwide, in addition to 15 billion cards through over 320 distinct payment methods.

The distinction of Thunes’ Direct Global Network lies in its vast outreach, supported by its in-house SmartX Treasury System and Fortress Compliance Platform. These features guarantee that members enjoy unmatched speed, control, visibility, protection, and cost efficiencies while conducting real-time transactions globally. Thunes caters to prominent members of the gig economy such as Uber and Deliveroo, as well as super-apps like Grab and WeChat, alongside multiple financial institutions and payment service providers.

Headquartered in Singapore, Thunes has a presence in 13 locations worldwide, including key cities such as Barcelona, Beijing, Dubai, San Francisco, and London. For more information, visit Thunes Website.