Thunes Hits Major Growth Milestones as Network Expansion Accelerates

Thunes, the Smart Superhighway for money movement around the world, today announces it has hit major growth milestones, exceeding $100m run-rate Revenue whilst remaining firmly on course to reach EBITDA break-even by year-end.

Thunes’ phenomenal growth journey is fuelled by accelerating demand for its proprietary Direct Global Network for money movement, which allows Members to make payments in real-time in over 130 countries and more than 80 currencies. Thunes’ Network connects directly to over 7 billion mobile wallets and bank accounts worldwide, via more than 350 different payment methods.

Thunes’ Direct Global Network differentiates itself through its worldwide reach, in-house Smart Treasury Management Platform (powered by AI) and Superior Compliance Infrastructure, ensuring Members of the Network receive unrivalled speed, control, visibility, protection and cost efficiencies when making real-time payments globally. Most recently, Thunes welcomed Sephora, Adidas, Alipay+, LianLian Global, Pomelo, Orange, Meta, Hyperwallet by PayPal, Virgin Beyond, barq, D360 and inDrive to its Network.

Thunes is continuously investing in the global reach and inter-connectivity of its Network:

In China, Thunes recently announced its participation in the eCNY project, in partnership with the Digital Currency Institute of the People’s Bank of China. Soon, foreigners visiting China will be able to pay like locals, using their home (neo)bank app, powered by Thunes’ Direct Global Network for money movement.

In the United States, Thunes announced the acquisition of Tilia. Upon closing of the transaction, which is subject to regulatory approvals, Thunes’ Direct Global Network will become available to businesses in the United States, including current Tilia customers. Furthermore, using Tilia’s technology, Thunes will be able to offer Visa, MasterCard, American Express, JCB and UnionPay acceptance to Thunes’ customers.

Maintaining its strong focus on emerging, high-growth markets in Africa, the Middle East and Southeast Asia, Thunes recently announced the opening of its 14th office, in Riyadh in the Kingdom of Saudia Arabia.