Singapore fintech company Thunes has pulled off its Series D funding round, raising a cool $150 million. This huge investment will help the company with its global payment infrastructure and helping the company expand into the United States.
Strategic Expansion into the U.S. Market
Thunes expects that the new funding will accelerate its expansion into the United States. In addition, the company has just obtained licenses across all 50 U.S. states based on regulatory approval, which gives it a footing to provide a full range of cross-border payment services in one of the world’s largest financial markets.
Enhancing the Direct Global Network
Over 130 countries, 80 currencies and 550+ direct integrations, Thunes operates a Direct Global Network that disburses ACH, SEPA, or international wire payments. Through this network, real time payments between complex, as well as emerging markets are possible and seamless, guaranteeing that the financial institutions, digital wallets, businesses, among others can have seamless payments.
Financial Performance and Growth
Other than the revenue run rate of $150M and positive EBITDA, the company proves it can grow at lightning speeds and remain financially prudent. As a result, Thunes leverages these financial strengths to carry on investing in technological innovation, such as artificial intelligence and interoperability between digital assets ecosystem.
Leadership Perspectives
‘With its latest funding round, Thunes gets a clear validation of the strategy and the dedication of the platform to continuous growth at the most sustainable level,’ Floris de Kort, Thunes CEO, said. We achieved this by balancing an incredible revenue run rate of $150 million, positive EBITDA, and precisely in a tumultuous market.
‘Thunes has overturned global cross-border payments, quashing borders with the stable integration of a strong technology with a sound financial strategy,’ Matteo Stefanel, Partner & Co-Founder Apis Partners. Clearly the members of the company are placing their trust in this company’s impressive growth record and positive EBITDA performance in these unprecedented times.”
“Partnering with the team of this visionary platform is something we at Vitruvian are proud of,” comments Tassilo Arnhold, Partner at Vitruvian Partners.
Future Outlook
Thunes’ Series D fundraising reinforces the strength of its balance sheet and operational excellence. Now, the company will create new standards of global cross border payments, invent new ways to grow and innovate in the fintech eco sphere.
Backed by the patronage of prominent investors, Thunes is in a position to grow and expand its footprint in the global arena and the promises to continue delivering industry leading payment solutions in sync with the changing business and consumer needs across the world.
