Visa, the global payments technology company, has recently announced its participation in Thunes’ Series C extension round. Thunes, a cross-border payments network, raised $60 million in this funding round, which will be used to further expand its operations and enhance its platform.
Thunes aims to provide seamless and affordable cross-border transactions for individuals and businesses in emerging markets. The company’s platform enables users to send and receive money globally, regardless of their location or financial infrastructure. By partnering with various financial institutions, mobile wallet providers, and payment service providers, Thunes has created a vast network that connects different payment systems worldwide.
Visa’s participation in Thunes’ funding round is a strategic move that aligns with its vision of enabling global commerce. By investing in Thunes, Visa aims to leverage the company’s expertise in cross-border payments and strengthen its own capabilities in this area. This partnership will allow Visa to offer its customers more efficient and cost-effective solutions for international money transfers.
The collaboration between Visa and Thunes is expected to benefit both companies and their customers. Thunes will gain access to Visa’s extensive network of merchants and financial institutions, which will help expand its reach and increase transaction volumes. On the other hand, Visa will be able to tap into Thunes’ technology and network to enhance its cross-border payment offerings.
The demand for cross-border payments has been growing rapidly in recent years, driven by globalization and the increasing number of people living and working abroad. However, traditional methods of transferring money across borders are often slow, expensive, and inefficient. Thunes aims to address these challenges by providing a secure and reliable platform that simplifies the process of sending and receiving funds internationally.
With Visa’s support, Thunes will be able to accelerate its growth and innovation efforts. The funding raised in the Series C extension round will be used to expand the company’s team, invest in technology infrastructure, and strengthen its regulatory compliance capabilities. This will enable Thunes to offer a more robust and scalable platform that meets the evolving needs of its customers.
Visa’s investment in Thunes also reflects its commitment to financial inclusion and supporting underserved populations. By enabling seamless cross-border transactions, Thunes helps individuals and businesses in emerging markets access the global economy and participate in international trade. This aligns with Visa’s mission to provide secure, convenient, and inclusive payment solutions to people around the world.
In conclusion, Visa’s participation in Thunes’ Series C extension round is a significant development in the cross-border payments industry. This partnership will enable both companies to leverage their respective strengths and enhance their capabilities in international money transfers. With Thunes’ innovative platform and Visa’s global network, customers can expect more efficient, cost-effective, and secure cross-border payment solutions in the future.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: Plato Data Intelligence.