In a round of investments that is still going on, the cross-border payments company Thunes has raised $30 million.
In a filing with Singapore’s Accounting and Corporate Regulation Authority, the company said that one of its investors, Marshall Wace, had so far put $30 million into the round.
“Our discussions with global investors are constantly and ongoing,” Thunes said in the filing “and as we continue to engage with them, we perceive a significant interest in Thunes’ capabilities, as well as a view that the cross-border payments sector will continue to develop and experience high demand.”
The news of the funding comes after a busy few months for Thunes, which recently formed a partnership with TenCent for inbound remittances through WeChat, integrated with Visa Direct, and went into Saudi Arabia through a partnership with Enjaz Payment Services.
In April of last year, the Singapore-based company paid $20 million for a majority stake in Tookitaki, a local company that makes technology to stop money laundering and make sure companies follow the rules.
