Thunes Secures $150M in Series D Funding Led by Apis and Vitruvian

In a significant milestone, Thunes, a global payment provider, has successfully raised $150 million in a Series D funding round led by Apis Partners and Vitruvian Partners. This funding marks the largest in the company’s history and is a testament to its increasing valuation and profitability. Despite a challenging capital market environment, Thunes plans to channel this new capital into its U.S. expansion, supported by recently acquired licenses in all 50 states, pending regulatory approval. The funds will also bolster Thunes' global network spanning over 130 countries and more than 550 integrations, facilitating efficient cross-border payments. Thunes aims to expand its influence in the $150 trillion cross-border payment market by using cutting-edge technology and maintaining high compliance standards. The company, backed by positive EBITDA and growing revenues, seeks to become the preferred solution for quick, secure, and economical international money transfers, particularly targeting emerging markets. Statements from Thunes' CEO Floris de Kort and senior executives from Apis and Vitruvian underscore their strategic vision, operational discipline, and commitment to setting new standards in the fintech industry. Proton Partners assisted as financial advisors for this transaction.