On April 28, 2025, Thunes, a prominent player in the fintech sector, announced the successful completion of its $150 million Series D funding round. This represents the largest raise in the company's history and indicates a substantial increase in its valuation compared to previous rounds. Despite navigating one of the most challenging capital markets in recent times, the funds were secured in record speed.
The funding round was largely supported by top-tier private equity firms Apis Partners and Vitruvian Partners. Both firms are highly regarded for their expertise in financial services and emerging markets. “Thunes’ latest funding round is a clear validation of our strategy and our commitment to sustainable growth,” said Floris de Kort, CEO of Thunes, highlighting the significance of this capital raise.
With the company now profitable and experiencing strong growth momentum, Thunes will use the newfound capital to bolster its expansion efforts in the United States. This initiative will be supported by recent acquisition of licenses across all 50 states, pending regulatory approval. By enhancing its Direct Global Network, which currently spans over 130 countries, Thunes aims to facilitate real-time payments, a critical capability as cross-border payment volumes approach a massive $150 trillion market opportunity.
Thunes has positioned itself as an essential player in the payment solutions space, integrating traditional, digital, and emerging currencies seamlessly. The company's technology aims to make diverse payment systems interoperable, targeting what they refer to as the "next billion end users" in emerging markets. “In a challenging funding environment, our progress and resilience set a new industry standard,” de Kort asserted, emphasizing the company's dual focus on rapid growth and financial health, showcased by a revenue run-rate of $150 million and positive EBITDA.
The investment round underscores the confidence investors have in Thunes. Matteo Stefanel, Managing Partner & Co-Founder at Apis Partners, remarked, “Thunes has revolutionized global cross-border payments by seamlessly integrating robust technology with a disciplined financial strategy that inspires confidence.” He noted the company’s impressive growth record and its ability to scale effectively in unprecedented times, further cementing their role as a leader in the fintech space.
Additionally, Tassilo Arnhold, Partner at Vitruvian Partners, expressed enthusiasm about the innovative vision Thunes embodies. “We are proud to partner with the visionary team at Thunes as they build a transformative platform that effectively bridges traditional banking, mobile wallets, and digital assets into one unified solution,” he noted. Arnhold pointed out Thunes' resilience and commitment to innovation, demonstrating a steadfast ability to adjust to complex market conditions while setting new standards for efficiency and transparency.
The latest funding will enable Thunes to continue enhancing its infrastructure and technology, including advancements in artificial intelligence and digital asset interoperability. This strategic direction is designed to provide superior value to the company’s members and partners, establishing effective connections for global payments.
As Thunes continues on its path of growth and innovation, it signals its intent to redefine the standards for global cross-border payments. With ongoing efforts to make financial services more accessible to underserved markets, the company is on track to make a substantial impact as the fintech landscape evolves. The involvement of Proton Partners as financial advisors also highlights the significance of this transaction.
In conclusion, this Series D funding round not only enhances Thunes' financial strength but also positions the company as a leading force in the rapidly evolving fintech industry. The substantial backing from Apis Partners and Vitruvian Partners is a testament to the confidence in Thunes' future potential to transform global payments.