A Singapore-based financial technology company has achieved a significant regulatory accomplishment in the U.S. market. Thunes, known for its advanced payment solutions, has successfully obtained 50 crucial licenses through its newly formed entity, Thunes Financial Services. This breakthrough enables direct service offerings to American corporations, merchants, and digital platforms via its Pay and Accept suite. Furthermore, these approvals allow Thunes to establish contracts with American businesses for real-time international transactions using its Direct Global Network.

The network connects billions of mobile wallets, bank accounts, and cards globally, facilitating transactions in multiple currencies. With this development, U.S.-based members gain local funding options, simplifying payment processes. Additionally, integrating the SmartX Treasury system allows members to execute cross-border payments instantly. Following a successful Series D financing round led by Apis Partners and Vitruvian Partners, raising $150 million, Thunes continues its strategic expansion into the U.S., marking a pivotal moment in its global growth journey.

Expanding Service Offerings in the U.S. Market

Through its newly established entity, Thunes Financial Services, Thunes has secured the necessary licenses to offer its comprehensive suite of services directly to U.S. entities. This achievement not only enhances its operational capabilities but also strengthens its position as a leading player in the global payments industry. By leveraging its Direct Global Network, Thunes can now contract with American businesses to facilitate seamless real-time cross-border transactions. The integration of cutting-edge technology ensures efficient and reliable payment processing.

This milestone represents more than just regulatory compliance; it signifies Thunes' commitment to delivering exceptional value to its clients. The ability to provide direct access to the U.S. market through a single integration is a game-changer for businesses seeking streamlined payment solutions. Moreover, the connection of over seven billion mobile wallets and bank accounts, alongside 15 billion cards across more than 130 countries, underscores the vast reach and potential of Thunes' network. By transacting in 80 different currencies, Thunes caters to diverse financial needs, enhancing its appeal to global clients. The added advantage of local funding for American members further simplifies the payment process, making it more accessible and efficient.

Driving Growth Through Strategic Investments

Building on its recent success, Thunes has bolstered its growth initiatives with a substantial $150 million investment from its Series D financing round. Led by Apis Partners and Vitruvian Partners, this funding aims to support Thunes' expansion plans within the U.S. market. The influx of capital will enable Thunes to enhance its technological infrastructure, expand its team, and refine its product offerings to better serve its growing client base. CEO Floris de Kort expressed pride in achieving this significant milestone, reflecting the company's momentum and earned trust.

With the new licenses and financial backing, Thunes is poised to scale its operations purposefully, delivering tangible value to every member of its Direct Global Network. The integration of the SmartX Treasury system exemplifies Thunes' dedication to innovation, enabling U.S.-based members to execute international payments in real time. This capability not only strengthens Thunes' competitive edge but also reinforces its reputation as a trailblazer in the global payments landscape. As Thunes continues to grow, it remains committed to providing limitless value to its clients, ensuring that each member benefits from the network's expanding capabilities and global reach. The combination of robust regulatory approval, strategic partnerships, and cutting-edge technology positions Thunes at the forefront of the financial technology sector.