Generally trustworthy, but minor verification is advised.
THUNES ASIA PRIVATE LIMITED
UEN:201926675C
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THUNES ASIA PRIVATE LIMITED has a TrustScore of 76. Businesses in this range are generally considered reliable. However, it's still advisable to conduct reasonable checks before engaging in transactions.
Our preliminary analysis has revealed key insights about THUNES ASIA PRIVATE LIMITED's performance and market presence. Here‘s a summary of our findings:
Has been operational for several years
Official business profile found on major search engines
Has accessible contact information online
Thunes, a global cross-border payments firm headquartered in Singapore, has secured a Payments Institution license from France’s Autorité de Contrôle Prudentiel et de Résolution. This allows the company to offer cross-border payment services to non-bank financial institutions in the European Union, including those without licenses. The development complements the firm’s existing license to conduct payment acquisition services for financial institutions in the EU. The company looks to accelerate its regional expansion with the new approval.
The Singapore FinTech Thunes, which connects payment players in numerous countries, is now backed by Insight Partners in a new $60 million growth round, a press release said on Tuesday (May 18). The company reportedly intends to look at expanding its network and boosting its dynamic team. In addition to Insight Partners, the new round was supported by “existing shareholders,” and the support from Insight Partners will bolster Thunes’ financial and operational resources. Insight Partners has invested in more than 400 companies worldwide, with over $30 billion in capital commitments.
19 May 2021
Singapore FinTech Thunes, which connects payment players in numerous countries, is now backed by Insight Partners in a new $60 million growth round, a press release said Tuesday (May 18). The company reportedly intends to look at expanding its network and boost its dynamic team. In addition to Insight Partners, the new round was supported by “existing shareholders,” and the support from Insight Partners will bolster Thunes’ financial and operational resources. Insight Partners, the release said, has invested in over 400 companies worldwide, with over $30 billion in capital commitments.
19 May 2021
The world of digital payments is very fragmented, with different types of online bank accounts, digital wallets and money transfer services used in different countries. Singapore-based Thunes, a fintech focused on making cross-border money transfers easier, announced today it has raised a $60 million growth round led by Insight Partners. One of the world’s largest venture capital firms, Insight is known for working closely with growth-stage companies, helping them expand through its ScaleUp program. The round included participation from existing shareholders. Thunes’ last funding announcement was in September 2020 a $60 million Series B led by Helios Investment Partners. Other investors include GGV Capital and Checkout.com.
18 May 2021
With the new licence, it can now facilitate transactions in its digital membership network. Money transfer services provider Thunes has obtained a licence from the Monetary Authority of Singapore (MAS) to conduct payments services, according to a press release. With the new licence, Thunes can facilitate easier transactions in its digital membership network. Before the MAS authorisation, the provider could only conduct payments with institutions such as DBS Bank, Citibank NA, Grab, and SingTel, and received regulatory oversight from the UK Financial Conduct Authority.
66195
Transaction/Payment processing services
Development of software and applications (except games and cybersecurity)
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