Home Fintech Thunes Extends Collection C Fundraise to US$72M, Upsizing from Preliminary US$60M

Thunes Extends Collection C Fundraise to US$72M, Upsizing from Preliminary US$60M

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Thunes Extends Collection C Fundraise to US$72M, Upsizing from Preliminary US$60M

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Thunes, a world B2B fee infrastructure platform, introduced the extension of its Collection C with a further US$12 million from Visa, Singapore-based world investor EDBI and San-Francisco’s Endeavor Catalyst. This brings its Collection C as much as US$ 72 million.

Simply final month, Thunes had introduced an funding of US$60 million led by London-based hedge fund Marshall Wace with help from Bessemer Enterprise Companions and Southeast Asian personal fairness agency 01Fintech.

Thunes already has an ongoing world partnership with Visa with a strategic collaboration to increase Visa Direct’s attain to 1.5 billion digital wallets. By way of this partnership, Thunes B2B funds platform presents a send-to-wallet functionality to 78 digital pockets suppliers globally.

Utilizing an API integration with Visa Direct, Visa’s clients – monetary establishments, governments, neobanks and cash switch operators – can allow shoppers and small companies to ship funds to eligible digital wallets in Africa, Asia, and Latin America, powered by the Thunes world community.

Peter De Caluwe

Peter De Caluwe

“We’re proud to shut Collection C with such a robust roster of influential buyers. Assist from Visa, EDBI and Endeavor is a strong endorsement of our technique and capabilities, offering us with extra sources to develop revolutionary options to face business challenges.

 

By leveraging the insights and help of our buyers, we are going to develop our community and supply companies and shoppers an unparalleled cross-border funds expertise. I’m delighted to see an excellent deeper collaboration with Visa.”

mentioned Peter De Caluwe, CEO, Thunes.

Paul Ng

Paul Ng

“Thunes’ dedication to addressing the enterprise challenges of worldwide cash motion aligns properly with our mission to strengthen Singapore’s place as a world innovation and monetary hub.

 

As strategic buyers, we deeply admire the importance of nurturing Singapore-based firms like Thunes all through their progress journey, and we’re excited to offer our help in increasing their native and regional presence.”

mentioned Paul Ng, CEO of EDBI.

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