A Singapore-based fintech platform which allows businesses and their customers to send and accept payments globally, with clients such as Grab, PayPal, and Uber, has achieved a significant milestone.
Founded in 2016, Thunes is now expanding its horizons with an additional $12 million from Visa, EDBI, and Endeavor Catalyst, and capping its Series C round totalling $72 million at a staggering valuation of $900 million.
The global cross-border payments firm recently attained a payments institution license from France's Autorité de Contrôle Prudentiel et de Résolution, enabling it to provide cross-border payment solutions to non-bank financial institutions within the European Union.
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It has now raised a total of $212 million over three rounds, having previously raised $130 million in its Series B and $10 million in its Series A. In addition to Singapore, Thunes has regional offices in markets like London, Shanghai, Beijing, Dubai, Hong Kong, and Miami.
The fintech aims to use the additional funding to expand its network and continue on its mission to redefine the global payments landscape.