What is Thunes?
Thunes operates as a critical player in the cross-border payments sector, leveraging a proprietary global network of direct connections to local payment brands. This infrastructure enables an enhanced payment experience by bridging traditional financial systems with modern payment methods. The company facilitates instant money transfers and payment acceptance worldwide, serving both businesses and consumers. Its core mission is to connect disparate payment ecosystems, thereby improving efficiency and accessibility in global commerce.
How much funding has Thunes raised?
Thunes has raised a total of $335M across 6 funding rounds:
Series A
$10M
Series B
$60M
Unspecified
$60M
Unspecified
$30M
Series C
$25M
Series D
$150M
Series A (2019): $10M, investors not publicly disclosed
Series B (2020): $60M led by Future Shape, Checkout.com, GGV Capital, and Helios Investment Partners
Unspecified (2021): $60M supported by Insight Partners
Unspecified (2023): $30M featuring Marshall Wace
Series C (2023): $25M backed by Bessemer Venture Partners
Series D (2025): $150M with participation from Apis Partners and Vitruvian Partners
Key Investors in Thunes
Apis Partners
Apis Partners is an investment firm that supports growth-stage financial services innovators aiming to create transformative impacts in their communities. They focus on companies that have established product-market fit and are ready to scale globally, particularly those serving low and middle-income consumers.
Vitruvian Partners
Vitruvian Partners is a European private equity firm focusing on leveraged buyout and growth capital investments in middle-market companies. Vitruvian invests throughout the UK and Europe and recently in China and India.
GGV Capital
Co-founded in Silicon Valley and Singapore in 2000, GGV Capital is a global venture firm that invests in seed-to-growth stage companies across Social/Internet, Enterprise Tech, and Smart Tech sectors.
What's next for Thunes?
With substantial enterprise-level backing and a recent strategic investment, Thunes is well-positioned for accelerated expansion and innovation. The company's focus on building a robust, interconnected payment network suggests a strategy aimed at capturing a larger share of the global remittance and cross-border transaction market. Future developments are likely to involve further network enhancements, strategic partnerships, and the integration of new payment technologies to maintain its competitive edge. This significant capital infusion will likely fuel international market penetration and the scaling of its operational capabilities.
See full Thunes company page
