About Thunes
Thunes is a company based in Singapore (Singapore) founded in 2016.. Thunes has raised $352 million across 5 funding rounds from investors including Visa, Checkout.com and Bessemer Venture Partners. Thunes has completed 3 acquisitions, including Limonetik, Tilia and Tookitaki. Thunes offers products and services including Pay-to-Wallets, Pay-to-Banks, Accept Mobile Wallets, and Accept BNPL. Thunes operates in a competitive market with competitors including Tipalti, Payoneer, Ebury, Airwallex and Rapyd, among others.
- Headquarter Singapore, Singapore
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Ttmfs Singapore Pte. Ltd.
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Annual Revenue
$53.59 M74as on Dec 31, 2022
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Net Profit
$-30.86 M-32as on Dec 31, 2022
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EBITDA
$-30.79 M-30as on Dec 31, 2022
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Total Equity Funding
$352 M (USD)
in 5 rounds
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Latest Funding Round
$150 M (USD), Series D
Apr 28, 2025
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Investors
Visa
& 12 more
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Employee Count
Employee Count
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Investments & Acquisitions
Limonetik
& 2 more
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Products & Services of Thunes
Thunes offers a comprehensive portfolio of products and services, including Pay-to-Wallets, Pay-to-Banks, Accept Mobile Wallets, and Accept BNPL. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables instant payments to mobile wallets worldwide.
Facilitates real-time bank transfers with traceable transactions.
Allows businesses to accept payments from mobile wallets globally.
Offers buy now pay later options for digital customers.
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Software Development Team
35 people
Leadership Team
32 people
Sales and Marketing
16 people
Product Management Team
10 people
Operations Team
8 people
Human Resources and Administration
7 people
Head Team
6 people
Senior Team
5 people
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Funding Insights of Thunes
Thunes has successfully raised a total of $352M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $150 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $150.0M
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First Round
First Round
(05 May 2019)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series D - Thunes | Valuation | Apis Partners , Vitruvian Partners |
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| Mar, 2023 | Amount | Series C - Thunes | Valuation | Marshall Wace | |
| May, 2021 | Amount | Series B - Thunes | Valuation | Insight Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Thunes
Thunes has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Visa, Checkout.com and Bessemer Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and venture capital asset management firm
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Founded Year | Domain | Location | |
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Growth equity investments are directed toward expanding startups across sectors.
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Founded Year | Domain | Location | |
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Long-short equity strategies are managed through specialized hedge funds.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Thunes
Thunes has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Limonetik, Tilia and Tookitaki. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Payment platform for game publishers, metaverse creators, and NFT providers
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2015 | ||||
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AI-powered platform for financial crime risk management is provided.
|
2012 | ||||
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Smart Payment Engine
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Thunes
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Thunes Comparisons
Competitors of Thunes
Thunes operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tipalti, Payoneer, Ebury, Airwallex and Rapyd, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled for businesses via diverse payout methods.
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| domain | founded_year | HQ Location |
Forex risk management and payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cross-border payments are processed for businesses via tools and APIs.
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| domain | founded_year | HQ Location |
Global payment solutions are provided by Rapyd to businesses worldwide.
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for cross-border transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Thunes
Frequently Asked Questions about Thunes
When was Thunes founded?
Thunes was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Thunes located?
Thunes is headquartered in Singapore, Singapore.
Who is the current CEO of Thunes?
Floris de Kort is the current CEO of Thunes.
Is Thunes a funded company?
Thunes is a funded company, having raised a total of $352M across 5 funding rounds to date. The company's 1st funding round was a Series B of $60M, raised on May 05, 2019.
What is the annual revenue of Thunes?
Annual revenue of Thunes is $53.59M as on Dec 31, 2022.
What does Thunes do?
Cross-border payment infrastructure provider. It offers a global payment network enabling businesses to send and receive payments internationally. Services include payments to and from mobile wallets, banks, and via other methods. The platform facilitates seamless integration through APIs, optimizing payment flows for various markets. It serves money transfer operators, payment service providers, and various other businesses needing international payment capabilities. The infrastructure is designed for fast, traceable, and cost-effective transactions.
Who are the top competitors of Thunes?
What products or services does Thunes offer?
Thunes offers Pay-to-Wallets, Pay-to-Banks, Accept Mobile Wallets, and Accept BNPL.
How many acquisitions has Thunes made?
Who are Thunes's investors?
Thunes has 13 investors. Key investors include Visa, Checkout.com, Bessemer Venture Partners, Marshall Wace, and Helios Investment Partners.
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