Thunes bags $30m from Marshall Wace as part of Series C funding
Singapore-based cross-border payments firm Thunes has received a $30 million investment from UK-based hedge fund Marshall Wace, as disclosed in a recent filing with Singapore’s Accounting and Corporate Regulatory Authority.
The funding forms part of an ongoing Series C round, with reports suggesting that Thunes may raise another $30 million as part of the round.
On reaching out, Thunes tells FinTech Futures that it is unable to comment on any other potential investors or the total size of the investment round, however, it adds that conversations with global investors are “constant and ongoing” and that Thunes is seeing “strong interest” as it continues engaging investors.
In May 2021, Thunes raised $60 million in an extended Series B funding round, which brought its total capital raised to $130 million. Since then, it acquired French payments platform Limonetik and financial crime detection platform Tookitaki.
Thunes also recently appointed Victor Lucena as its new head of Latin America, in a bid to boost its growth in the region and secure more partnerships.