Home Banking Singapore fintech Thunes acquires funds platform Limonetik

Singapore fintech Thunes acquires funds platform Limonetik

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Thunes has acquired French fintech Limonetik for an undisclosed payment because it seems to broaden its cross-border funds options.

Limonetik was based in 2007

The Singaporean agency says the deal will speed up the rollout of its international fee assortment resolution Thunes Collections.

It is going to look to mix Limonetik’s platform-as-a-service (PaaS) mannequin with its current international funds community with the intention of “providing a single end-to-end fee resolution that connects each nook of the world”.

Thunes operates a community of banks, cash switch operators, and different companies, providing cross-border funds to and from rising markets.

The corporate raised $60 million in an extended Series B growth round in Could this yr, following an preliminary $60 million raise in September 2020.

It says Limonetik will complement its funds community and allow companies to simply accept funds in 70 nations utilizing over 285 native fee strategies similar to cellular wallets, fee by instalments (BNPL), and QR code funds.

Based in 2007, Limonetik is among the earliest builders of another fee strategies platform appropriate for worldwide retailers and marketplaces.

The agency processes greater than €2 billion a yr and boasts greater than 14,000 shoppers, together with Deliveroo, Uber Eats, and Veepee.

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