Cross-border payments specialist Thunes has secured $150 million in a Series D funding round, led by Apis Partners and Vitruvian Partners. The funding will help accelerate Thunes’ expansion in the United States, aided by its recent acquisition of licences across 50 states, pending regulatory approval.
CEO Floris de Kort highlighted the achievement as a testament to Thunes’ strategy and commitment to sustainable growth, noting a revenue run-rate of $150 million and positive EBITDA, even amid a volatile market environment.
Thunes operates a Direct Global Network that reaches 130 countries, spans over 80 currencies, and connects directly to more than seven billion mobile wallets and bank accounts worldwide. It also supports 15 billion cards across 320 payment methods.
De Kort emphasized that the new capital will be used to expand Thunes’ network, drive technological innovation—particularly in AI and digital asset interoperability—and deliver superior value to network members. Although he did not disclose precise numbers, de Kort stated that the new investment reflects a “substantial valuation increase” compared to previous rounds.
The Series D follows a $72 million raise in 2023, which included backing from Visa, EDBI, and Endeavour Catalyst.