Thunes
Global payment infrastructure provider connecting businesses and financial institutions to cross-border payout and collection networks.
Last updated August 24, 2026
AI crawler reads
2requests
1companies- Anthropic2
- Profile
- 2
- Controversies
- 0
- JSON · MD
- 0
- First read
- Nov 4, 2026
- Latest read
- Nov 4, 2026
From this site's server log
Overview
Thunes is a Singapore-based financial technology company focused on cross-border payment infrastructure. Its platform connects financial institutions, payment service providers, merchants and other businesses with local payment systems in multiple markets. Rather than operating primarily as a consumer-facing remittance brand, Thunes provides business-to-business connectivity that allows clients to send, receive, collect and settle funds through a range of local rails. The company’s network supports transfers to bank accounts, mobile wallets, stablecoin wallets and cash-pickup or cash-out locations. This model is intended to address the fragmentation of international payments, where banks, wallets, payment processors and local regulatory systems often use different technical standards and settlement processes. Thunes provides application programming interfaces and related infrastructure intended to simplify access to these payment methods for global businesses and financial institutions. Thunes originated from TransferTo, a Singapore mobile-payments company established in 2005. In 2016, TransferTo was reorganized into two businesses. DT One retained the mobile top-up and rewards activities, while Thunes was created to concentrate on international payments. Thunes subsequently broadened its network beyond mobile-related transactions, supporting remittances, marketplace and e-commerce payments, merchant collections, financial disbursements and other cross-border use cases. The company has expanded both organically and through acquisitions. It acquired Limonetik, a Paris-based online-payment platform, in 2021. In April 2022, it acquired a majority stake in Tookitaki, a Singapore regtech company, to strengthen compliance, transaction monitoring and anti-money-laundering capabilities. In June 2025, Thunes announced the acquisition of Tilia, a transaction intended to expand its global payments infrastructure and service capabilities. Thunes has raised private capital from investors including Helios Investment Partners, Checkout.com, GGV Capital, Bessemer Venture Partners, Marshall Wace, Apis Partners and Vitruvian Partners. Its financing rounds have supported international expansion, network development and investment in regulated payment capabilities. A 2023 Series C was led by Marshall Wace, while a 2024 Series D was led by Apis Partners and Vitruvian Partners, with expansion in the United States and other markets identified as a key objective. The company operates within a regulated framework in several jurisdictions. In Singapore, it is regulated by the Monetary Authority of Singapore as a Major Payment Institution. It is also described as an Authorised Payment Institution in the United Kingdom, holds a payment institution licence from France’s Autorité de Contrôle Prudentiel et de Résolution, and holds a Money Service Operator licence in Hong Kong. In the United States, it obtained money-transmitter licences in all 50 states. These permissions are significant to its positioning because cross-border payment infrastructure depends on local licensing, compliance controls and relationships with regulated financial institutions. Thunes has announced or maintained partnerships involving Mastercard, Circle, Visa and PayPal. Its work with Circle concerns cross-border settlement using the USDC stablecoin, extending the company’s network beyond traditional bank and wallet rails. In 2025, it announced a launch in Morocco and cooperation with Ripple, and later announced a partnership with Ecobank to support payment connectivity in Africa. Thunes remains a private, active company headquartered in Singapore, with a business model centered on regulated, multi-rail payment connectivity rather than a single consumer payment product.
History
Thunes traces its origins to TransferTo, a Singapore-based mobile-payments company founded in 2005. TransferTo originally focused on mobile-related international transactions, including mobile top-ups and associated services. In 2016, the business was reorganized into two separate companies. DT One continued the mobile top-up and rewards activities, while Thunes was established around the cross-border payments business. Following the separation, Thunes developed a broader payment-infrastructure model. Its network was designed to connect banks, payment service providers, merchants and mobile-wallet operators, allowing clients to access local payout and collection methods through a single international platform. The company’s supported channels include bank accounts, digital wallets, stablecoin wallets and cash outlets. This expansion positioned Thunes as an intermediary and infrastructure provider for remittances, e-commerce, marketplace payments, business disbursements and other international transfers. The company’s growth strategy has combined financing, partnerships and acquisitions. In 2020, Thunes completed a Series B financing round led by Helios Investment Partners, with participation from Checkout.com and GGV Capital. The round provided capital for network expansion and continued development of its cross-border payment technology. In 2021, Thunes acquired Limonetik, a Paris-based online-payment platform, broadening the capabilities available to its merchant and digital-commerce customers. In April 2022, Thunes acquired a majority stake in Tookitaki, a Singapore regtech company. The transaction strengthened the company’s focus on compliance and anti-money-laundering controls, which are central to operating a cross-border payment network across multiple regulatory jurisdictions. Thunes later raised additional private capital. Marshall Wace led a Series C financing in 2023, followed by a Series D in 2024 led by Apis Partners and Vitruvian Partners. The later financing supported international expansion, including the company’s stated plans for the United States and other markets. Thunes has also expanded its network through commercial and technology partnerships. It has announced relationships involving Mastercard, Circle, Visa and PayPal. Its collaboration with Circle enables cross-border settlement using USDC, linking traditional payment infrastructure with stablecoin-based settlement. In 2025, Thunes announced the acquisition of Tilia, further strengthening its payments infrastructure and services. It also announced a launch in Morocco and cooperation with Ripple, followed by a partnership with Ecobank in Africa. Regulatory permissions form a significant part of Thunes’s operating model. In Singapore, the company is regulated by the Monetary Authority of Singapore as a Major Payment Institution. It is also described as an Authorised Payment Institution by the United Kingdom’s Financial Conduct Authority, holds a payment institution licence in France from the Autorité de Contrôle Prudentiel et de Résolution, and holds a Money Service Operator licence in Hong Kong. In the United States, the company obtained money-transmitter licences in all 50 states. These permissions enable it to provide or facilitate payment services while meeting local requirements for safeguarding, compliance, customer due diligence and transaction monitoring. Peter De Caluwe, identified as one of Thunes’s co-founders, serves as chief executive officer. Thunes remains a privately held and active company headquartered in Singapore. Its present identity is that of a global B2B payment infrastructure provider rather than a conventional consumer wallet or card brand.
- 2025
Tilia acquisition announced
[1]Thunes announces the acquisition of Tilia to reinforce its global payments infrastructure and services.
- 2024
Series D financing
[1]Apis Partners and Vitruvian Partners lead a Series D financing round supporting international expansion.
- 2023
Series C financing
[1]Marshall Wace leads a Series C financing round for Thunes.
- 2022
Majority investment in Tookitaki
[1]Thunes acquires a majority stake in Tookitaki to expand compliance and anti-money-laundering capabilities.
- 2021
Acquisition of Limonetik
[1]Thunes acquires the Paris-based online-payment platform Limonetik.
- 2020
Series B financing
[1]Thunes secures Series B funding led by Helios Investment Partners, with participation from Checkout.com and GGV Capital.
- 2016
TransferTo is reorganized
[1]TransferTo is divided into DT One, focused on mobile top-ups and rewards, and Thunes, focused on cross-border payments.
- 2005
TransferTo is founded
[1]TransferTo, the Singapore mobile-payments company from which Thunes originated, is established.
Products and positioning
A regulated B2B payment infrastructure network that connects global businesses and financial institutions with local banking, wallet, cash and digital-asset payment rails.
Payment infrastructure · 2016
Cross-border payment network
Thunes’s core network connects businesses, banks, payment service providers and wallet operators to international payout and collection channels. It supports transfers into bank accounts, mobile wallets, stablecoin wallets and cash outlets, allowing clients to access local payment methods across multiple jurisdictions without building every bilateral connection themselves.
Software and payment connectivity
Business payment APIs
Thunes provides API-based connectivity for businesses and financial institutions that need to initiate, receive or manage cross-border payments. The APIs are intended to abstract differences among local payment systems and support use cases such as remittances, merchant payouts, e-commerce transactions and corporate disbursements.
Digital-asset payment infrastructure
Stablecoin settlement
Through its collaboration with Circle, Thunes supports cross-border settlement using USDC. The capability extends its payment-network model to stablecoin-based settlement while remaining connected to broader banking, wallet and payout infrastructure.
Regtech and financial crime compliance · 2022
Compliance and transaction-monitoring capabilities
Thunes expanded its compliance technology capabilities through its majority investment in Tookitaki. The resulting capabilities support the controls required for cross-border payments, including anti-money-laundering processes and transaction monitoring across multiple markets.
Brand decisions
2025
Acquire TiliaM&ABackground
Thunes continued to expand the infrastructure and services available through its global payments network.
Action taken
The company announced the acquisition of Tilia.
Aftermath
The announced transaction was intended to strengthen Thunes’s global payments infrastructure and service offering.
2022
Take a majority stake in TookitakiM&ABackground
Cross-border payment operations require stronger compliance, anti-money-laundering and transaction-monitoring systems.
Action taken
Thunes acquired a majority stake in Singapore regtech company Tookitaki.
Aftermath
The transaction strengthened Thunes’s internal and customer-facing compliance capabilities.
2021
Acquire LimonetikM&ABackground
Thunes sought to broaden its online-payment and merchant infrastructure capabilities.
Action taken
Thunes acquired Limonetik, a Paris-based online-payment platform.
Aftermath
The acquisition expanded the capabilities available to Thunes’s digital-commerce and payment-network customers.
2016
Separate cross-border payments from mobile top-upsStrategyBackground
TransferTo’s activities were divided between mobile top-ups and rewards on one side and cross-border payments on the other.
Action taken
The cross-border payment business was organized under the Thunes brand, while DT One continued the mobile top-up and rewards activities.
Aftermath
The separation gave Thunes a distinct identity and allowed it to develop as a broader B2B payment infrastructure provider.
Recent events
Reported
Xoom and Thunes collaborate to expand payment reach[3]
Xoom and Thunes entered a collaboration under which Thunes will use its global network and payment capabilities to enable Xoom payments in additional corridors, including the Philippines, Bangladesh, Indonesia, Ghana and Senegal.
Reported
Thunes launches M-Pesa Tanzania transfer corridor[4]
Thunes announced the launch of a service corridor for M-Pesa Tanzania users to transfer money from their mobile wallets to bank accounts in Kenya and Rwanda.
Reported
Thunes unveils new brand identity[5]
Thunes unveiled a new brand identity, including a new logo and website, alongside its announcement of the Limonetik acquisition.
Reported
Thunes announces acquisition of Limonetik[5]
Thunes announced its acquisition of Limonetik on July 20, 2021. Thunes said the acquisition would complement its cross-border payments solutions and that the combined solution would be known as Thunes Collections.
Reported
Thunes and Siam Commercial Bank announce payments partnership[6]
Thunes and Siam Commercial Bank announced a partnership to enable overseas consumers and businesses to send funds to Thailand, with real-time payouts into Thai bank accounts.
Reported
Mukuru partners with Thunes to expand its digital footprint in Nigeria[7]
Mukuru partnered with Thunes to expand its digital footprint across Nigeria. The partnership is expected to streamline cross-border money transfers through a single API connection.
Reported
Thunes secures $60 million in Series B funding[8]
Thunes said it secured $60 million in a Series B funding round led by Helios Investment Partners, with participation from Checkout.com, GGV Capital, and Future Shape.
Reported
TrueMoney partners with Thunes to expand remittance services[9]
TrueMoney partnered with Thunes to expand its remittance services globally, enabling TrueMoney users to receive remittances through Thunes' partner network. Myanmar was identified as the first country to benefit.
Reported
UNFCU partners with Thunes for mobile money transfers[10]
United Nations Federal Credit Union partnered with Thunes to enable members to transfer money to mobile wallets in select countries in local currencies. The service was available in 14 countries at the time of the announcement.
Reported
Commercial Bank of Dubai partners with Thunes[11]
Commercial Bank of Dubai partnered with Thunes to provide customers with real-time remittances to India, the Philippines, Pakistan and Bangladesh. The service was to launch initially for transfers to bank accounts, with cash-pickup and mobile-wallet remittances to be added later.
Sources13 sources
- 1Thunesen.wikipedia.org
- 2Thunes official websitethunes.com
- 3Xoom 与 Thunes 合作拓展支付覆盖范围thepaypers.com
- 4Thunes推出M-Pesa Tanzania转账通道prnewswire.co.uk
- 5Thunes推出新品牌形象prnasia.com
- 6Thunes与暹罗商业银行宣布支付合作prnewswire.com
- 7Mukuru与Thunes合作拓展尼日利亚数字业务覆盖itnewsafrica.com
- 8Thunes获得6000万美元B轮融资crowdfundinsider.com
- 9TrueMoney与Thunes合作拓展汇款服务prnewswire.com
- 10UNFCU 与 Thunes 合作提供手机钱包汇款prnewswire.com
- 11迪拜商业银行与Thunes建立合作thepaypers.com
- 12GeTS与Thunes合作为CALISTA客户提供支付服务fxcompared.com
- 13Thunes acquires Limonetik to accelerate rollout of global payment collectionsprnewswire.com
Cite this profile: Cite the canonical profile. /brand-wiki/thunes · Editorial policy · How profiles are compiled