Thunes
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| Company type | Private |
|---|---|
| Industry | Financial technology |
| Predecessor | TransferTo |
| Founded | 2016 |
| Headquarters | Singapore |
Number of locations | Atlanta, Barcelona, Beijing, Dubai, Hong Kong, Johannesburg, London, Manila, Nairobi, Paris, Riyadh, San Francisco, Singapore, Shanghai |
Area served | Worldwide |
| Products | Cross-border payments, financial infrastructure |
| Website | thunes.com |
Thunes is a Singapore-based financial technology company that provides cross-border payment infrastructure for financial institutions, businesses, and payment providers.[1] Its network enables transactions to digital wallets, bank accounts, stablecoin wallets and cash outlets.[2][3][4] Thunes is also collaborating with Circle to enable cross-border settlements using the stablecoin USDC.[5][6] Thunes is regulated as a ''Major Payment Institution'' by the Monetary Authority of Singapore.[citation needed]
Thunes originated from TransferTo[7], a Singapore-based mobile payments company founded in 2005.[8] In 2016, TransferTo was reorganized into two separate businesses: DT One, which continued to handle mobile top-ups and rewards, and Thunes, which focused on cross-border payments.[9]
Later, Thunes expanded its payment network to support international transfers between banks, mobile wallets, and payment providers. In 2020, the company secured Series B funding led by Helios Investment Partners, with participation from Checkout.com and GGV Capital.[10]
In 2021, Thunes acquired Limonetik, a Paris-based online payment platform. In April 2022, Thunes acquired a majority stake in the Singapore-based regtech startup Tookitaki, expanding its compliance and anti-money-laundering capabilities.[11] The company has since secured additional funding, including a Series C in 2023 led by Marshall Wace and a Series D in 2024 led by Apis Partners and Vitruvian Partners to support its expansion in the United States and other markets.[12][13][14][15]
In June 2025, the company announced the acquisition of Tilia, strengthening its global payments infrastructure and services.[16]
Peter De Caluwe, one of the company's co-founders, serves as chief executive officer.[17][18]