Thunes raises $150m Series D to expand U.S. footprint

By Gloria Methri

Thunes, a Singapore-based cross-border payments FinTech, has raised $150 million in Series D funding—its largest round to date—at a significantly increased valuation. This milestone was completed in record time amidst one of the most challenging global capital market environments.

Apis Partners and Vitruvian Partners, both globally respected private equity firms with deep expertise in financial services and emerging markets, co-led the round.

Now profitable and maintaining strong growth momentum, Thunes plans to use the funding to expand aggressively into the United States, building on its recent acquisition of money transmission licences across all 50 U.S. states, pending regulatory approvals.

Thunes’ Direct Global Network currently supports real-time payments in over 130 countries, across more than 80 currencies, and through 550+ direct integrations. As the global cross-border payments industry grows towards a $150 trillion opportunity, Thunes aims to capture an expanding share by delivering seamless, secure, and interoperable payment solutions.

The capital infusion will also strengthen Thunes’ mission to connect billions of wallets and partners around the world, driving financial inclusion and simplifying access to both traditional and digital payment systems.

Floris de Kort, CEO of Thunes, stated, “Thunes’ latest funding round is a clear validation of our strategy and our commitment to sustainable growth. Our performance, marked by a Revenue run-rate of $150 million and positive EBITDA, demonstrates our ability to balance rapid expansion with financial prudence, even in a tumultuous market. This new capital enables us to extend our Direct Global Network, including in the United States, drive technological innovation, from Artificial Intelligence to digital asset ecosystem interoperability, and deliver superior value to the Members of our proprietary Network. In a challenging funding environment, our progress and resilience set a new industry standard.”

With the Series D round secured, Thunes is poised to redefine how value moves globally—connecting the following billion users, particularly across emerging markets.