Apis Partners backs Thunes' $150m fundraise
Business-to-business payments infrastructure platform Thunes has announced its successful $150 million Series D fundraising round.
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Business-to-business payments infrastructure platform Thunes has announced its successful $150 million Series D fundraising round. The funding was led by private equity firms Apis Partners and Vitruvian Partners.
Thunes currently integrates with more than 30 African financial ecosystems, enabling seamless cross-border transactions. For example, Thunes allows funds to be sent from the MoneyGram payments platform in The Gambia to an MTN mobile money account in Ghana, or enables M-Pesa users in Tanzania to transfer funds directly to bank accounts in Kenya and Rwanda.
Now profitable, Thunes plans to leverage this capital to supercharge its expansion in the United States, supported by the recent acquisition of licenses across 50 US states, subject to regulatory approval.
These funds will further strengthen Thunes’ direct global network, which today spans 130+ countries, 80+ currencies and 550+ direct integrations, enabling real-time payments across complex and exotic markets.
“Thunes has revolutionised global cross-border payments by seamlessly integrating robust technology with a disciplined financial strategy that inspires confidence. The company’s impressive growth record and positive EBITDA performance, even in these unprecedented times, clearly underpin the trust of its members and their ability to scale effectively. We have been closely monitoring Thunes’ remarkable journey and are consistently impressed by the team’s innovative approach, operational rigor, and strategic foresight. Thunes’ pursuit of excellence redefines industry standards and sets a high bar for reliability and performance in global payments. Lastly, we are especially proud of the work Thunes is doing in accelerating access to affordable financial services across the next billion users in emerging markets, and for Apis to play a small part in continuing this journey,” said Matteo Stefanel, managing partner and co-founder at Apis Partners.
“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. At Vitruvian Partners, we value strategic vision, resilience, and commitment to innovation, all of which Thunes exemplifies in every aspect of its operations. They consistently demonstrate the ability to navigate complex market conditions while setting new standards for efficiency and transparency. We are delighted to support Thunes in their mission to continuously set and exceed industry benchmarks, thereby redefining the future of global cross-border payments,” said Tassilo Arnhold, partner at Vitruvian Partners.
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