When was Thunes founded?

Thunes was founded in 2016 and became a unicorn in 2025, reaching the milestone in 9 years. It raised its 1st funding round 3 years after its incorporation.

Where is Thunes located?

Thunes is headquartered in Singapore, Singapore. It is registered at RAFFLES PLACE, Singapore, 48616.

Who is the current CEO of Thunes?

Peter De Caluwe of Thunes. They have also founded 1 company and are an angel investors in 1 startup.

Which legal entities is Thunes associated with?

Thunes is associated with TTMFS SINGAPORE PTE. LTD..

How many employees does Thunes have?

As of Aug 31, 2026, the latest employee count at Thunes is 575.

Is Thunes a funded company?

Thunes is a funded company, having raised a total of $362M across 5 funding rounds to date. The company's 1st funding round was a $10M Series A round, raised on May 05, 2019.

How much is Thunes worth?

The latest valuation of Thunes is $900M as of Jul 17, 2023.

When was the latest funding round of Thunes?

Thunes' latest funding was a $150M Series D round on Apr 28, 2025, with participation from 2 investors. Its primary sector is Digital Remittance. In Singapore, the Digital Remittance sector has seen $369M in funding in 2026 to date.

What is the annual revenue of Thunes?

Annual revenue of Thunes is between $50M and $100M as on Dec 31, 2022

Is Thunes a Digital Remittance company?

The primary sectors of Thunes are Digital Remittance and Payments.

Where does Thunes rank among its competitors?

Thunes ranks 7th amongst 1278 active competitors, of which 152 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Airwallex, which secured $320M in Jun, 2026.

Who are the top competitors of Thunes?

Thunes' top competitors include Remitly, Payoneer and Airwallex. Among them, Airwallex secured the most recent funding round in June, 2026.

Thunes - 2026 Company Profile, Team, Funding, Competitors & Financials

Sectors and market segments that Thunes operate in

Thunes serves in the FinTech market segments.The primary business model of Thunes are:

Company Details

Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions. It is a fintech company that provides cross-border payment infrastructure for financial institutions and businesses, enabling secure, fast, and transparent real-time payments globally.

Website: www.thunes.com
Social
Registered Address: RAFFLES PLACE, Singapore, 48616

Key Metrics

Founded Year

2016

Location

Singapore, Singapore

Stage

Series D

Total Funding

$362M in 5 rounds

Latest Funding Round

Series D, Apr 28, 2025, $150M

Post Money Valuation

$900M as on Jul 17, 2023

Investors

Insight Partners & 20 more

Ranked

7^th among 1278 active competitors

Annual Revenue

$50M - $100M as on Dec 31, 2022

Employee Count

575 as on Aug 31, 2026

Investment & Acquisitions

Tilia & 4 more

Similar Companies

Payoneer & 671 more

View Thunes' full profile

Thunes is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TTMFS SINGAPORE PTE. LTD. UEN: 201814876G , Singapore, Active	May 02, 2018	$50M - $100M (As on Dec 31, 2022)	-

Thunes has raised a total funding of $362M over 5 rounds. Its first funding round was on May 05, 2019. Its latest funding round was a Series D round on Apr 28, 2025 for $150M. 2 investors participated in its latest round. Thunes has 21 institutional investors.

Here is the list of recent funding rounds of Thunes:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 28, 2025	$150M	Series D	-	-	Apis Partners, Vitruvian Partners	-
Mar 24, 2023	$72M	Series C	-	-	Marshall Wace	Bessemer Venture Partners, 01Fintech, Visa, EDBI, Endeavor
May 18, 2021	$60M	Series B	-	-	Insight Partners	-

Access funding benchmarks and valuations. Sign up today!

View details of Thunes's funding rounds and investors

The founders of Thunes is Peter De Caluwe. Peter De Caluwe is the CEO of Thunes.

Here are the details of Thunes' key team members:

Peter De Caluwe: Co-Founder & CEO of Thunes. They are also an angel investor in 1 startup and serve on the boards of 2 companies.

Thunes' Board of Directors

Thunes's board has 12 active members. Tope Lawani, Peter De Caluwe, Jenny Lee, Kheng Lee and Nikhil Sachdev are part of team and Leong Wei Chuen, Sunil Sabharwal, Ali Zaynalabidin Haeri Mazanderani, Benjamin William Tolub, Fopefoluwa Kikelomo Adelowo, Bern Green Alain and Temitope Olugbeminiyi Lawani are independent board members.

Here is the list of Thunes' board of directors:

Name	Type	Representing	Status	Duration
Peter De Caluwe	Team	-	Current	7y 8m
Floris de Kort	Team	-	Past	0y 5m
Tope Lawani	Investor	Helios	Current	6y 0m
Jenny Lee	Investor	GGV Capital	Current	7y 4m
Kheng Lee	Investor	GGV Capital	Current	8y 4m
Nikhil Sachdev	Investor	Insight Partners	Current	3y 1m
Lee Hong Wei	Investor	-	Past	5y 1m
Leong Wei Chuen	Independent board member	-	Current	2y 2m
Sunil Sabharwal	Independent board member	-	Current	6y 0m
Ali Zaynalabidin Haeri Mazanderani	Independent board member	-	Current	6y 0m
Benjamin William Tolub	Independent board member	-	Current	2y 2m
Fopefoluwa Kikelomo Adelowo	Independent board member	-	Current	2y 11m
Bern Green Alain	Independent board member	-	Current	7y 8m
Temitope Olugbeminiyi Lawani	Independent board member	-	Current	6y 0m

View details of Thunes's Founder profiles and Board Members

Thunes' employee count trend

Thunes has 575 employees as of Aug 26. Here is Thunes's employee count trend over the years:

Uncover Thunes' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Thunes include Remitly, Payoneer and Airwallex. Here is the list of Top 10 competitors of Thunes, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 39 others	85/100
2nd	Payoneer 2005, New York City (United States), Acquired	Provider of cross-border payment solutions for freelancers, businesses, and marketplaces	$269M	TCV, Wellington & 24 others	84/100
3rd	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 52 others	83/100
4th	Ebury 2009, London (United Kingdom), Acquired	Provider of global payment solutions, currency risk management, and business lending	$374M	Vitruvian Partners, 83NORTH & 17 others	79/100
5th	Wise 2011, Shoreditch (United Kingdom), Public	Provider of international money transfer and multi-currency	$397M	Valar Ventures, Baillie Gifford & 106 others	78/100
6th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	RRE Ventures, Lerer Hippeau & 8 others	76/100
7th	Thunes 2016, Singapore (Singapore), Series D	Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions	$362M	Marshall Wace, Vitruvian Partners & 19 others	73/100
8th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, Durable Capital Partners & 24 others	73/100
9th	Kadmos 2021, Germany, Acquired	Provider of a platform for managing and automating international salary payments	$38.9M	Addition, Blossom Capital & 22 others	72/100
10th	Xoom 2001, San Francisco (United States), Acquired	Provider of online service for international money transfers, bill payments	$106M	Fidelity Ventures, DAG Ventures & 13 others	71/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Thunes's competitors? Click here to see the top ones

Thunes has made 2 investments in companies including Handprint and Gozem. Thunes has also acquired 3 companies including Tilia and Tookitaki.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Apr 23, 2024	Acquisition	Tilia	2015	San Francisco (United States)
Apr 18, 2022	Acquisition	Tookitaki	2012	Singapore (Singapore)
Mar 21, 2022	Investments	Handprint	2019	Singapore (Singapore)