Thunes, a leading cross-border payments network, has recently announced that it has secured $30 million in a continuing investment round. The funding was led by GGV Capital, a global venture capital firm that has previously invested in companies such as Airbnb, Slack, and Xiaomi.
Thunes provides a platform that enables businesses and individuals to send and receive money across borders quickly, securely, and at a low cost. The company’s network connects over 100 countries and supports more than 60 currencies, making it one of the most comprehensive cross-border payment solutions available.
The latest funding round brings Thunes’ total investment to date to $130 million. The company plans to use the funds to expand its network and enhance its technology platform, with a focus on improving the user experience and increasing the speed and efficiency of cross-border payments.
Thunes’ CEO, Peter De Caluwe, commented on the investment, stating that “We are thrilled to have GGV Capital lead this latest round of funding. Their expertise and experience in scaling global technology companies will be invaluable as we continue to grow and expand our business.”
The investment comes at a time when cross-border payments are becoming increasingly important for businesses and individuals alike. With the rise of e-commerce and global trade, there is a growing need for fast, secure, and affordable cross-border payment solutions. Thunes is well-positioned to meet this demand, with its extensive network and advanced technology platform.
In addition to its core cross-border payment services, Thunes also offers a range of value-added services such as currency conversion, compliance checks, and fraud detection. These services help to ensure that transactions are processed quickly and securely, while also minimizing the risk of fraud or other financial crimes.
Overall, Thunes’ latest funding round is a testament to the company’s success in the cross-border payments market. With its innovative technology platform and extensive global network, Thunes is well-positioned to continue to grow and expand its business in the years to come.
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Thunes secures $30 million in continuing investment round.
Thunes, a leading cross-border payments network, has recently announced that it has secured $30 million in a continuing investment round. The funding was led by GGV Capital, a global venture capital firm that has previously invested in companies such as Airbnb, Slack, and Xiaomi.
Thunes provides a platform that enables businesses and individuals to send and receive money across borders quickly, securely, and at a low cost. The company’s network connects over 100 countries and supports more than 60 currencies, making it one of the most comprehensive cross-border payment solutions available.
The latest funding round brings Thunes’ total investment to date to $130 million. The company plans to use the funds to expand its network and enhance its technology platform, with a focus on improving the user experience and increasing the speed and efficiency of cross-border payments.
Thunes’ CEO, Peter De Caluwe, commented on the investment, stating that “We are thrilled to have GGV Capital lead this latest round of funding. Their expertise and experience in scaling global technology companies will be invaluable as we continue to grow and expand our business.”
The investment comes at a time when cross-border payments are becoming increasingly important for businesses and individuals alike. With the rise of e-commerce and global trade, there is a growing need for fast, secure, and affordable cross-border payment solutions. Thunes is well-positioned to meet this demand, with its extensive network and advanced technology platform.
In addition to its core cross-border payment services, Thunes also offers a range of value-added services such as currency conversion, compliance checks, and fraud detection. These services help to ensure that transactions are processed quickly and securely, while also minimizing the risk of fraud or other financial crimes.
Overall, Thunes’ latest funding round is a testament to the company’s success in the cross-border payments market. With its innovative technology platform and extensive global network, Thunes is well-positioned to continue to grow and expand its business in the years to come.