thunes
Thunes chases the American dream
We look at the payments firm’s US ambitions after posting revenue growth and narrowing losses, and AI’s potential to thaw India’s funding winter.
Miguel Cordon · · 5 min read
Thunes revenue rises 33% in 2024 as it expands to US, stablecoins
Thunes raised US$150 million in 2025, one of the largest deals in SEA fintech that year. Look into the firm’s financials on its way there.
Miguel Cordon · · 4 min read
Singapore dominates SEA fintech funding with $839m raised in 2025
Singapore accounted for 84% of all fintech funding in Southeast Asia, with Jakarta at 4%.
Naomi Li Gan · · 2 min read
Thunes’ sister company acquires eSIM platform operator
DT One is a Singapore-based provider of cross-border digital transfer services for businesses.
Naomi Li Gan · · 1 min readSEA startup funding hits six-year low in H1 2025: report
Three companies from Malaysia, Singapore, and Switzerland became unicorns, raising the region’s total to 58.
Naomi Li Gan · · 2 min readThunes co-founder returns as CEO
De Caluwe co-founded Thunes and served as deputy chairman for 18 months before returning as CEO.
Grace Priscilla Teo · · 2 min readThunes nets $150m series D to expand in US
Thunes operates in over 130 countries, supports more than 80 currencies, and connects with 550 payment systems.
Naomi Li Gan · · 3 min readThunes partners with Chinese bank on cross-border payments
The partnership intends to launch international payment solutions for Chinese SMEs and outbound transactions for CCB clients.
Grace Priscilla Teo · · 1 min readThunes moves into US gaming payments with Tilia deal
With the deal, Thunes would expand its offerings to new merchants, like those in Tilia’s niche of online games, virtual worlds, and creator economies.
Miguel Cordon · · 1 min readB2B payments firm Thunes gets new CEO
In 50 Words: Floris de Kort will be based in Singapore, Thunes’ global headquarters.
Lokesh Choudhary · · 1 min read