Funding

Thunes Raises $150M Series D for Global Payments Network Expansion

Thunes, a global payments infrastructure company, raised $150 million in Series D funding led by Apis Partners and Vitruvian Partners. The company operates a Direct Global Network that connects more than 7 billion wallets and accounts across over 130 countries, enabling real-time payments in 80+ currencies through 320+ payment methods via API integrations. The funding will be used to expand Thunes' presence in the U.S. market, invest in AI-driven innovation, and build digital asset interoperability capabilities.

Thunes' infrastructure serves as a critical embedded payments layer for fintechs, banks, and platforms seeking cross-border payment capabilities without building their own global networks. The round underscores strong investor appetite for payments infrastructure that scales across emerging and developed markets. The deal positions Thunes as a leading API-powered payments backbone in the BaaS and embedded finance ecosystem.

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Implications
  • Strengthens API-based cross-border payment infrastructure available to BaaS platforms and embedded finance providers
  • U.S. expansion and digital asset interoperability could challenge incumbents like Wise and Nium in embedded payments
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