Singapore-based, Thunes, a B2B platform for leading businesses expanded its Series C and raised $60 million led by Marshall Wace (hedge fund).
After this an additional series C was raised and the amount was not disclosed that was led by Endeavor Catalyst, EDBI, and Visa. The total funds brought in by Thunes in Series C is $72 million. The round was backed by 01Fintech (A private equity firm in Southeast Asia), and Bessemer Venture Partners.
Singapore-based Thunes Increased Series C to $72M
CEO Thunes, Peter De Caluwe said that the funds raised will be used for platform upgradation, onboarding new users, and expanding business reach.
Thunes is a specialized payment platform for B2B services that helps businesses send and receive payments globally hassle-free. Thunes supports more than 80 currencies that enable businesses to pay and receive payments in 132 countries and accept more than 300 payment methods.
Moreover, Thunes has an API integration feature that can be directly integrated with Visa Direct. Thunes shook hands with Tookitaki in April 2022 to prevent fraud and money laundering by complying with all the international benchmarks for sustainable compliance. Thunes headquarters is situated in Singapore and has offices across the globe.
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