Thunes raises usd 150 million amid challenging market conditions

On April 28, 2025, in Singapore, Thunes successfully completed a Series D funding round, raising USD 150 million, which marked the largest amount in its history. This funding was led by Apis Partners and Vitruvian Partners, both of which are prominent private equity firms with significant expertise in financial services and emerging markets. Despite a tough capital market environment, Thunes achieved this milestone relatively quickly. The company is now profitable and has shown strong growth momentum, positioning itself to expand further into the U.S. market after acquiring necessary licenses across all 50 states, pending regulatory approval. Floris de Kort, the CEO of Thunes, expressed that this funding round validates their growth strategy and commitment to sustainable development. He pointed out that the company has maintained a revenue run-rate of USD 150 million and positive EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), highlighting their ability to balance rapid expansion with financial responsibility. Thunes plans to utilize this new capital to enhance its Direct Global Network and drive technological innovation, particularly in areas such as artificial intelligence and digital asset interoperability. Apis Partners’ Managing Partner Matteo Stefanel praised Thunes for revolutionizing the global cross-border payments landscape through a blend of robust technology and prudent financial strategies. He noted the company’s impressive performance during unstable economic times, which further solidifies the trust of its members and their capacity for effective scaling. Moreover, Vitruvian Partners' partner Tassilo Arnhold commended the company for creating a transformative platform that harmonizes traditional banking, mobile wallets, and digital assets into a single solution. He expressed confidence in Thunes' strategic vision, resilience, and commitment to innovation, emphasizing their ability to navigate complex market environments while maintaining high standards of efficiency and transparency. Overall, Thunes' successful Series D funding reflects its operational excellence and strengthens its position in redefining the future of global cross-border payments,