Thunes, a global payments FinTech based in Singapore, has completed a $150m Series D funding round, marking the largest capital raise in its history.
The round was led by private equity firms Apis Partners and Vitruvian Partners.
Thunes operates a proprietary Direct Global Network that facilitates real-time payments across more than 130 countries and over 80 currencies. The platform connects to more than 7 billion mobile wallets and bank accounts worldwide, and offers access to 15 billion cards through more than 320 different payment methods.
Clients include global names such as Uber, Deliveroo, Grab and WeChat. Thunes aims to enable fast, secure, and cost-effective cross-border payments for businesses and consumers alike, with a particular focus on emerging markets.
With this new capital, Thunes plans to accelerate its expansion in the United States, building on its recent acquisition of licences across 50 U.S. states, subject to regulatory approval. The funding will also strengthen its Direct Global Network, drive technological innovation—including in artificial intelligence and digital asset interoperability—and support the company’s goal of serving the “next billion end users” in emerging markets.
The company’s announcement follows a strong financial performance, with a revenue run-rate of $150m and positive EBITDA.
Thunes CEO Floris de Kort said, “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 $150 million 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.”
Apis Partners managing partner and co-founder Matteo Stefanel said, “Thunes has revolutionized 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 rigor, and strategic foresight. 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.”
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