Cross-Border Funds Fintech Thunes Acquires Limonitek, a European Fee Service Platform

The newest acquisition by Thunes ought to complement the Fintech agency’s current cross-border funds options by enabling firms or companies to receives a commission in 70 completely different nations, utilizing greater than 285 native cost strategies, together with cell wallets, cost by instalments (BNPL), QR code funds, and varied different choices. The answer will probably be known as Thunes Collections.

As famous in a launch, Limonetik is without doubt one of the “earliest” builders of an alternate cost strategies platform that’s “appropriate for worldwide retailers and marketplaces.” And like Thunes, the corporate carefully works with completely different cost service suppliers (PSPs) and monetary establishments.

Dealing with over EUR 2 billion a 12 months, Limonetik is “trusted” by greater than 14,000 retailers, marketplaces and Fintech gamers – which incorporates Deliveroo, Uber Eats, Veepee, CMA – CGM, Worldline – Ingenico, ACI, Amadeus and Natixis.

Established in Paris in 2007, Limonetik is led by CEO & co-founder Christophe Bourbier, a well known entrepreneur and cost area skilled. Right this moment, Limonetik “counts 50 workers who will change into Thunesters.”

As famous within the announcement:

“Fast progress in cross-border e-commerce commerce has made it important for world sellers to simply accept funds in regionally most well-liked strategies. There are over 400 different cost strategies, and this variety brings integration complexity and back-office prices that Limonetik’s providing resolves with a single API integration. We imagine gathering funds globally needs to be straightforward no matter buyer location.”

By becoming a member of the Thunes cost and assortment networks, firms and their purchasers are in a position to ship funds to – and receives a commission in – “even the hardest-to-reach corners of the world.” With a single, easy connection, Thunes gives quick, clear, and inexpensive funds and can now additionally “allow extra versatile methods to gather funds.”

Peter De Caluwe, CEO of Thunes, said:

“Thunes is recognised for our far-reaching world community and brilliantly easy funds answer. We’re excited to additional strengthen our providing with a world collections functionality made potential via the acquisition of Limonetik. We welcome the Limonetik staff to Thunes, and as one, we look ahead to providing a single end-to-end cost answer that connects each nook of the world and makes the worldwide economic system accessible to all.”

Christophe Bourbier, founding father of Limonetik, added:

“Limonetik has been driving the transformation of collections with its platform-as-a-service (PaaS) mannequin, whereas Thunes possesses a strong world funds community. We’re extremely excited to increase our mixed funds and collections options the world over.”

Thunes can be introducing a brand new model identification, which features a new brand and web site “to higher replicate its well-established market place and increasing service choices.”

These modifications have come round four years after Thunes’ launch and the agency’s diversification and scaling of its enterprise whereas increasing its worldwide footprint.

In Could 2021, Thunes secured $60 million via a Sequence B progress spherical led by world personal fairness and enterprise capital agency Perception Companions, bringing the agency’s complete funding to $130 million in simply 2 years. Perception Companions’ assist “allows Thunes to hurry up funding in its operations, product and know-how.”