Target Information

Thunes is recognized as the 'Smart Superhighway' for global fund transfers, specializing in enabling real-time cross-border payments. Its proprietary Direct Global Network facilitates swift and secure money transfers across over 130 countries and 80 currencies, positioning it as a leader in the payments sector. With more than 550 direct integrations, Thunes supports a diverse range of payment methods, making it a pivotal player in emerging markets and beyond.

As a Singapore-based company, Thunes focuses on streamlining transactions for both businesses and individuals, ensuring unmatched efficiency and transparency in the remittance process. The recent $150 million Series D funding round will be instrumental in bolstering its international expansion efforts, particularly in the U.S., whilst reinforcing its operations in parts of the Middle East and Latin America.

Industry Overview in Emerging Markets

The payments industry within emerging markets has been evolving rapidly, driven by an increased adoption of technology and the expansion of digital financial services. With a large unbanked population and a significant reliance on cash transactions, there is an immense opportunity for fintech companies like Thunes to facilitate a shift towards more formal financial systems. The advent of smartphones and digital wallets has further accelerated this transition, allowing easier access to financial services.

In regions such as Southeast Asia and sub-Saharan Africa, where traditional banking infrastructure is lacking, the demand for innovative payment solutions is at an all-time high. Companies that can leverage technology to provide cost-efficient and real-time payment options are well-positioned for growth. The rise of the gig economy and increasing cross-border remittances add further impetus to this demand landscape, underscoring the importance of platforms that can affordably service diverse user needs.

Moreover, regulatory environments across these markets are increasingly supportive of digital payments, as governments recognize the importance of financial inclusion in fostering economic growth. The intersection of finance and technology has become a focal point for policy initiatives aimed at enhancing financial access and fostering sustainable economic development.

Thus, firms with a strong footing in technology-driven financial solutions, like Thunes, are well suited to seize these market opportunities, particularly as they work towards bridging the gap between formal financial systems and underserved populations.

Rationale Behind the Deal

The rationale for Apis Partners' co-lead investment in Thunes stems from its deep belief in the long-term growth potential of digital financial infrastructure. By capitalizing on Thunes’ unique payment platform and extensive network, Apis aims to promote financial inclusion and support underserved communities globally. The funding is strategically aligned with both companies' vision of enhancing transaction efficiencies and reducing the costs associated with cross-border payments.

Additionally, by integrating with Thunes, Apis exemplifies its commitment to generating meaningful societal impact alongside strong financial returns, making this investment not just a financial opportunity but a means to drive systemic change in the payments landscape.

Investor Information

Apis Partners is a prominent private equity firm based in London, renowned for its focus on growth-stage financial technology and services. With approximately $2.2 billion in assets under management, it leverages its specialized expertise to identify investment opportunities that align with its core tenets of financial inclusion and ESG principles. Apis operates with a distinct mission to provide growth capital that not only generates returns but also contributes to wider societal progress.

The firm is managed by a team of around 40 seasoned professionals with significant industry experience. Their approach emphasizes active collaboration with portfolio companies to drive impactful change and enhance operational efficiencies, particularly in the complex payments sector.

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This investment by Apis Partners in Thunes is indicative of an astute strategic move into a high-growth sector characterized by increasing demand for digital payment solutions. With Thunes' solid technological foundation and extensive network, Apis is poised to capitalize on an expanding market while fulfilling its commitment to financial inclusion.

Moreover, the emphasis placed on the social impact of this investment connotes a forward-thinking approach in an industry that can often prioritize profit over purpose. By focusing on customer-centric solutions that enhance affordability and accessibility, Thunes aligns perfectly with Apis Partners' mission.

Considering the anticipated growth trajectory in digital payments, particularly within underbanked regions, the collaboration between Apis and Thunes could not only yield substantial financial returns but also foster broader economic participation for marginalized communities. This dual focus is expected to make the investment both a profitable venture and a transformative force in the realm of cross-border payments.

Ultimately, if executed correctly, this partnership has the potential to become a benchmark for successful ESG-oriented investments in the fintech domain, highlighting the alignment of profit and purpose. As digitization continues to redefine financial services, investments like this may very well shape the future of global finance.

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