Thunes is a fintech that offers cutting-edge technology to streamline and simplify international money transfers. By leveraging strategic partnerships with financial institutions, mobile wallet providers, and payment platforms, Thunes empowers its users to access a wide range of payment methods and channels, facilitating transactions in even the most remote areas. The company allows payments in 132 countries, and up to date, it’s processed more than $50 billion in transactions.
Thunes has raised $72 million in a Series C round, which brings the company’s valuation to over 900 million. The fresh funding will be used to continue adding more providers to Thunes’s network, and to bring more users onto its platform.
Thunes, a Singapore and London-based fintech, was founded in 2016. “When we started the business in 2016, it was because we saw an inefficiency in cross-border payments, specifically around how one business can a supplier or another business,” said CEO Peter De Caluwe. Thunes currently has 3 billion mobile wallet accounts, 4 billion bank accounts connected through its network of partners, and covers about 300 payment methods across 80 currencies.
