Thunes Raises $150 Million for US Expansion

Thunes, a Singapore-based cross-border payments company, has raised $150 million in its largest-ever Series D funding round led by Apis Partners and Vitruvian Partners. The company plans to use the funds to accelerate its expansion in the United States, leveraging its recent acquisition of payment licenses across nearly all US states, pending regulatory approval. Thunes will also invest in strengthening its Direct Global Network, which enables real-time payments in over 130 countries and supports more than 80 currencies, with a focus on expanding access in emerging markets. CEO Floris de Kort highlighted the company's positive financial performance and stated that the new capital would support technological innovation, including advances in artificial intelligence and digital asset interoperability. The funding comes amid challenging market conditions and follows a previous round that included investors such as Visa and EDBI. Thunes aims to reach the next billion end users and further enhance the value offered to its network members.