Apis Partners co-led a $150 million Series D funding round in Thunes to enhance global payments capabilities, focusing on financial inclusion and expansion into key international markets.

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, ther