Thunes, the global B2B payment infrastructure platform, has recently announced securing a significant investment for its Series C funding round. This investment comes from three prominent investors: Visa, EDBI, and Endeavor Catalyst. The latest round of funding has brought Thunes’ total Series C funding to an impressive $72 million.Thunes’ primary objective is to address the inefficiencies associated with international money movement and create a next-generation payment system that is secure, instant, and transparent. With an existing global partnership with Visa, Thunes is already able to offer a send-to-wallet capability to a wide network of 78 digital wallet providers worldwide.
The addition of Visa, EDBI, and Endeavor Catalyst as investors will provide Thunes with invaluable support and insights as it aims to expand its network and deliver exceptional cross-border payment experiences. Thunes’ CEO, Peter De Caluwe, expresses his pride in securing such influential investors and highlights the deep collaboration with Visa. The backing from EDBI, a Singapore-based company, holds particular significance for Thunes as Singapore serves as its home-base and a thriving fintech hub. Thunes’ commitment aligns well with EDBI’s mission to strengthen Singapore’s position as a global innovation and financial hub.
Ruben Salazar Genovez, Visa’s Global Head of Visa Direct, emphasizes the role of digital wallets in promoting financial inclusion. This investment from Visa further strengthens the partnership between the two companies and showcases the confidence Visa has in Thunes’ capabilities.
EDBI’s CEO, Paul Ng, looks forward to close collaboration with Thunes in expanding their local and regional presence. With Thunes already powering payments for numerous leading businesses worldwide and supporting multiple currencies and payment methods, this investment will further fuel Thunes’ mission to revolutionize the way businesses conduct cross-border payments.
Established in 2016, Thunes has quickly made a name for itself in the industry. With headquarters in Singapore and regional offices across the globe, Thunes is well-positioned to transform the way businesses conduct cross-border payments. The significant investment from Visa, EDBI, and Endeavor Catalyst will undoubtedly propel Thunes towards achieving its goal of creating a secure, instant, and transparent global payment system.
