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New Deal


Announced

Completed

Marshall Wace led a $72m Series C funding round in Thunes.

Financials

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Transaction Value£54m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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FinTech

financial technology

fintech company

Singapore

Acquisition

Minority

Private

Private Equity

Venture Capital

Cross Border

Completed

Friendly

Single Bidder

Synopsis

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Marshall Wace, a British hedge fund, led a $72m Series C funding round in Thunes, a global B2B payment infrastructure platform, with participation from Visa, EDBI, Helios Investment Partners, Endeavor Catalyst, Bessemer Venture Partners and 01Fintech. "We're proud to close Series C with such a strong roster of influential investors. Support from Visa, EDBI and Endeavor is a powerful endorsement of our strategy and capabilities, providing us with additional resources to develop innovative solutions to face industry challenges. By leveraging the insights and support of our investors, we will expand our network and offer businesses and consumers an unparalleled cross-border payments experience. I'm delighted to see an even deeper collaboration with Visa. Together, we will pave the way towards a global payment ecosystem that is inclusive, efficient and ubiquitous," Peter De Caluwe, Thunes CEO.

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