Thunes Secures $150 Million in Record Series D Round

Deal News | Apr 28, 2025 | PR Newswire Cision Thunes

Thunes, a prominent financial technology company, successfully raised $150 million in its Series D funding round, marking the largest capital raise in its history. This funding, led by Apis Partners and Vitruvian Partners, was accomplished despite the challenging current capital market environment. The funds will be used primarily to support Thunes' expansion into the United States and to enhance its Direct Global Network, which already operates in over 130 countries and supports more than 80 currencies. This funding round has increased the company's valuation and enabled it to further establish a market share in the growing $150 trillion cross-border payments sector. Thunes is known for providing a seamless customer experience, integrating traditional, digital, and emerging currencies. The leadership team, including CEO Floris de Kort, emphasized the company's commitment to sustainable growth and technological innovation. Key industry figures from Apis Partners and Vitruvian Partners praised Thunes' strategic vision and remarkable growth, noting that the funding will help the firm continue setting high standards in global payments. Proton Partners served as financial advisors for this transaction.

Sectors

  • Financial Technology (FinTech)
  • Private Equity

Geography

  • Singapore – Thunes is headquartered and operates out of Singapore, a key financial hub in Asia.
  • United States – Thunes is expanding into the United States, acquiring necessary licenses to operate across 50 states.

Industry

  • Financial Technology (FinTech) – Thunes operates within the FinTech industry, offering advanced technological solutions for global money transfers and cross-border payments.
  • Private Equity – The involvement of private equity firms Apis Partners and Vitruvian Partners signifies the importance of private equity in funding emerging technology companies in the financial services sector.

Financials

  • 150,000,000 USD – The total amount raised in Thunes' Series D funding round.
  • 150,000,000 USD – Revenue run-rate indicated by Thunes as part of their financial performance.
  • 150 trillion USD – The estimated market opportunity in the cross-border payments sector that Thunes is aiming to capture.

Participants

NameRoleTypeDescription
ThunesTargetCompanyA FinTech company specializing in cross-border payment solutions.
Apis PartnersInvestorCompanyA private equity firm known for its expertise in financial services and emerging markets.
Vitruvian PartnersInvestorCompanyA private equity firm with a focus on pioneering growth companies.
Proton PartnersFinancial AdvisorCompanyAdvised Thunes on the financial aspects of the Series D funding round.