Thunes, the Singapore-based fintech company that connects payment players in more than 100 countries and shown a 100% increase in growth over the past year, continues to attract leading global technology venture capitalists as it seeks to expand its far-reaching network and grow its dynamic team.

In just four years, Thunes, which is regulated by the Monetary Authority of Singapore and the Financial Conduct Authority in the United Kingdom, has become a leader in the fast-evolving cross-border payments landscape.

This US$60 million Series B growth round was led by global private equity and venture capital firm Insight Partners, with participation from existing shareholders. In supporting Thunes, Insight Partners will provide financial and operational resources to promote the company’s rapid and sustained growth; Insight Partners has invested in more than 400 companies worldwide and has more than US$30 billion in capital commitments.

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Source: PR  Newswire