Singapore based cross-border payments network for emerging markets raised $60m in Series B funding led by Insight Partners.
| less than a minute read
Thunes banks $60m growth round to bolster cross-border payment network
Get in touch
Get in touch
Thunes wants to bring transparency to cross-border payments by telling users how much it will cost upfront, be able to move the money instantly, and confirm it arrived — something many can’t do currently, De Caluwe said. The company also wants to do that more economically: It typically charges from a couple of cents up to $5, and there are no other fees or receiving fees. “There are billions of users that are not part of the banking system,” he added. “We are building the network and rails between thousands of players for this addressable market, which is valued at $50 trillion.”
Get in touch
Get in touch
