Thunes is expanding its US footprint with a new New York office to support cross-border payouts for American businesses.
The new hub, located in Union Square, adds to Thunes’ existing US operations in San Francisco and Atlanta.
The company is using capital from its US$150 million Series D funding round announced last year to support its expansion in the market.
Thunes provides cross-border payment infrastructure for enterprises including gig economy platforms, marketplaces, payment service providers and financial institutions.
Its network connects members to billions of endpoints across more than 140 countries and 90 currencies.
Thunes said its US expansion is supported by its 50 money transmission licenses.
Simon Nelson, Chief Commercial Officer at Thunes, said,
“The opening of our New York office is a pivotal moment for our team, but it is just one piece of a much larger picture.
Our investment into the US market this year is a direct response to the massive demand from American businesses looking for faster, more transparent ways to move money globally.”
Kyle Rosen, Head of Americas at Thunes, said
“What truly sets Thunes apart in the US is that we own and operate our licenses in every state. This total control over our regulatory footprint is a huge differentiator for us and guarantees the highest level of reliability and speed.
Our growth in New York is a testament to the hard work of our global team and our commitment to building a world-class presence in the U.S.”
Thunes expects the New York office to support regional growth, closer industry engagement and hiring.
The company is currently recruiting for several roles, with a focus on business development.
Featured image: Edited by Fintech News Singapore, based on image by DevStudio_D via Magnific
