Thunes Secures $150M Series D Funding for Global Growth
Deal News | May 06, 2025 | Apis Partners LLP
Apis Partners, a London-based private equity firm renowned for its investment in financial services and technology sectors, has co-led a US$150 million Series D funding round for Thunes alongside Vitruvian Partners. Thunes, known for its renowned Direct Global Network, offers payment solutions enabling real-time cross-border transactions across more than 130 countries and supports over 80 currencies. Headquartered in Singapore, Thunes is strategically focusing on the U.S. market while strengthening its presence in the Middle East and Latin America, bolstered by this funding round. Apis Partners, committed to impactful and sustainable investments, aims to enhance financial inclusion by supporting Thunes' innovative payment solutions which aim at improving affordability, transparency, and speed for businesses and individuals, especially in emerging markets. With a profound understanding of technology-enabled payment systems, Apis sees Thunes as an essential player in transforming financial services on a global scale. The two firms have aligned on enhancing access to formal financial services, and both aim to foster transformative impact through accelerating fintech adoption. Apis’s active engagement will further support Thunes’ growth and drive inclusive economic development.
Sectors
- Financial Technology (Fintech)
- Private Equity
Geography
- United Kingdom – Apis Partners is headquartered in London, indicating that a portion of the strategic decision-making occurs here.
- Singapore – Thunes, the target company, is headquartered in Singapore, directing its expansion from this location.
- United States – Part of the investment proceeds is targeted for Thunes' expansion into the U.S. market, signifying a strategic geography focus.
Industry
- Financial Technology (Fintech) – The article discusses Thunes' role in transforming cross-border payment systems through its Direct Global Network, signifying its contribution to the fintech industry.
- Private Equity – Apis Partners' investment strategy and its focus on enabling growth for technology-based financial services illustrate its active role in the private equity sector.
Financials
- US$150 million – Total amount raised in Thunes Series D funding round co-led by Apis Partners.
- US$75 million – The commitment made by Apis Partners in the Series D round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Apis Partners LLP | Investor | Company | A leading private equity firm specializing in financial services and technology investments. |
| Thunes | Target Company | Company | A global payment company offering cross-border transaction solutions headquartered in Singapore. |
| Vitruvian Partners | Co-Investor | Company | An international private equity firm co-leading the investment round. |