Helios-backed Thunes raises additional funding
Thunes, a B2B payment infrastructure platform, has announced the inclusion of three new investors to its Series C funding round. These include payments company Visa; Singapore-based global investor EDBI; and Endeavor Catalyst, a co-investment fund based in San Francisco.
This investment brings the total Series C funding to $72 million, coming shortly after Thunes announced an investment of $60 million led by London-based hedge fund Marshall Wace with support from Bessemer Venture Partners and Southeast Asian private equity firm 01Fintech.
Thunes already has an ongoing global partnership with Visa. In October 2022, Visa and Thunes announced a strategic collaboration to extend Visa Direct’s reach to 1.5 billion digital wallets. Through this partnership, Thunes’ B2B payments platform offers a send-to-wallet capability to 78 digital wallet providers globally. Using an API integration with Visa Direct, Visa’s customers – financial institutions, governments, neobanks and money transfer operators – can enable consumers and small businesses to send funds to eligible digital wallets in Africa, Asia, and Latin America, powered by the Thunes global network.
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