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Thunes

Can a proprietary direct cross-border payment network spanning 140 countries and stablecoin rails become the default infrastructure layer for global money movement for banks, PSPs, and platforms?

Founded2016
HQSingapore
Total raised$391.9M
Latest roundSeries D, 2025
IndustryFintech / Cross-border payments
The story

Thunes originated as TransferTo, a B2B mobile top-up and airtime transfer network focused on emerging markets. It rebranded to Thunes in 2019 to reflect a broader cross-border payments infrastructure mandate, building a proprietary Direct Global Network reaching 140 countries via a single API. The company acquired Tilia (virtual economy payments) to diversify into gaming and creator platforms. Most recently, Thunes has layered stablecoin (USDC) funding rails and embedded banking narratives onto its core FX/payout infrastructure, positioning as a full-stack cross-border payment superhighway for banks, PSPs, marketplaces, and neobanks.

Last 12 months
2025-08
2025-06
2025-05
2024-07
Product timeline
2016
Company founded (previously operating as TransferTo) focused on cross-border mobile payments and mobile wallet connectivity in emerging markets.· pivot
2019
Rebranded from TransferTo to Thunes and raised growth funding to expand its Direct Global Network.· pivot
2021
Expanded Direct Global Network to 130+ countries, connecting banks, mobile wallets, and digital assets.· banking
2022
Acquisition of Tilia (in-game and virtual economy payments platform), expanding into gaming and creator economy payments.· acquisition
2024
Launched stablecoin/USDC funding rails, enabling 24/7/365 liquidity management for PSP clients.· banking
2025
Partnered with Temenos to power embedded banking and payments in emerging markets.· banking
Regulated entities
Authorised Payment Institution
UK FCA
TransferTo Mobile Financial Services Ltd, trading as Thunes (Company No. 09171042)
Money Services Business
Canada (FINTRAC)
TransferTo Mobile Financial Services Ltd, trading as Thunes
Payment Institution
EU (France, ACPR, passported throughout EU)
Thunes Payment Acquisition Services S.A.S (Company No. 901921213)
Money Transmitter Licenses
US (multiple states)
Thunes Financial Services LLC
The stack
Payments / PSP
Thunes Direct Global Network (self-operated)
Banking / BaaS
Thunes (self-operated infrastructure)
Lending
Accept BNPL Payments (aggregated BNPL provider connectivity)
FX & payouts
Thunes Direct Global Network (self-operated)
Accounting gap: minor