Thunes, a global network for cross-border money movement, is on track to reach EBITDA break-even by the end of this year, as the company reports several growth milestones.
The firm’s annual revenue run rate has surpassed US$100 million, marking a key moment in its expansion strategy.
The growth is driven by increased demand for Thunes’ direct global network, which enables real-time payments across more than 130 countries and 80 currencies.
The network connects over 7 billion mobile wallets and bank accounts worldwide, supported by over 350 payment methods.
Thunes continues to broaden its global reach and capabilities. In China, the company has joined the eCNY project in collaboration with the People’s Bank of China, facilitating payments for foreign visitors using their home bank apps.
In the United States, Thunes is set to expand its network following the acquisition of Tilia, pending regulatory approval.
This move will allow U.S. businesses, including Tilia’s current customers, to access Thunes’ services, and will enable the latter to offer Visa, MasterCard, American Express, JCB, and UnionPay acceptance.
The company also remains focused on emerging markets, recently opening its 14th office in Riyadh, Saudi Arabia.
Floris de Kort, CEO of Thunes said,
“Hitting these growth milestones is the result of the passion, dedication and hard work of 400 Thunesters from 60 different nationalities across 14 offices globally.
Our team is fully committed to delivering the very best service to all members of our direct global network and will always go the extra mile to achieve this. I very much look forward to seeing Thunes go from strength to strength during the years ahead.”
Featured image credit: Edited from Freepik
