Thunes has announced a Series C extension with participation from Visa, a world leader in global payments, Singapore-based global investor EDBI and San Francisco-based fund Endeavor Catalyst.
In brief:
-This brings total funding for the Series C round to $72m and total funding raised by Thunes to $200m+
-Thunes already has an ongoing global partnership with Visa. In October 2022, Visa and Thunes announced a strategic collaboration to extend Visa Direct’s reach to 1.5 billion digital wallets.
-Its Series C funding round will support its mission to address the inefficiencies of moving money internationally and create a next-generation payment system that is secure, instant and transparent.
What does this mean?
Peter De Caluwe, CEO, Thunes, says: “We’re proud to close Series C with such a strong roster of influential investors. Support from Visa, EDBI and Endeavor is a powerful endorsement of our strategy and capabilities, providing us with additional resources to develop innovative solutions to face industry challenges. By leveraging the insights and support of our investors, we will expand our network and offer businesses and consumers an unparalleled cross-border payments experience. I’m delighted to see an even deeper collaboration with Visa. Together, we will pave the way towards a global payment ecosystem that is inclusive, efficient and ubiquitous.”
