Tech in Africa
Thunes has held a successful Serie B round that raised $60 million. The fintech startup is based in Singapore that provides cross border payments across a network of over 100 countries.
Helios Investment Partners carried out the Serie B round alongside participation from Checkout.com an online payment software solution based in London. Other investors were FutureShape and GGV Capital, who cumulatively brought the overall investment to $70 million.
Thunes has an extensive network built over the years through its vibrant network. In a press conference that was shared after the developments, “The projected size of cross-border payments in emerging markets is around $45 trillion. We will continue to invest and deliver additional value to the global payments ecosystem and capitalize on this explosive growth. We expect transaction volumes on our platform to double annually, through the expansion of our network,” Peter De Caluwe.
The first round was powered by GGV Capital where Thunes raised $10 million.
N/B All currency $ is in USD
