Thunes acquires Limonetik to accelerate rollout of global payment collections
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SINGAPORE and PARIS, July 20, 2021 /PRNewswire/ Cross-border payments leader Thunes today announced the acquisition of Limonetik, a European Payment Methods Platform. This move will complement existing Thunes Cross-Border Payments solutions by enabling businesses to get paid in 70 countries, using over 285 local payment methods such as mobile wallets, payment by instalments (BNPL), QR code payments and more. The solution will be known as Thunes Collections.
Limonetik is one of the earliest developers of an alternative payment methods platform suitable for international merchants and marketplaces. And like Thunes, the firm closely partners with payment service providers and financial institutions. Processing more than EUR 2 billion a year, Limonetik is trusted by over 14,000 merchants, marketplaces and fintech players, including Deliveroo, Uber Eats
Singapore cross-border payments firm Thunes acquires Paris-based Limonetik
Photo: Clay Banks / Unsplash.com
July 21, 2021
Singapore-based cross-border payments firm Thunes has announced the acquisition of Limonetik, a Paris-based payments platform that supports merchants and marketplaces. The financial details of the transaction were not disclosed.
The move will complement Thunes’s existing payments solutions by enabling businesses to get paid in 70 countries, using over 285 local payment methods, the two companies said in a joint statement on Wednesday.
The acquisition comes after the Singapore firm raised a $60 million Series B growth round led by global private equity and venture capital firm Insight Partners in May this year. Exiting investors Helios Investment Partners, GGV Capital, Future Shape, and Checkout.com had participated in the round, which brought the company’s total funding to $130 million in less than two years.
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