THUNES ASIA PRIVATE LIMITED Business Review
Business Overview
TrustScore Analysis
Our preliminary analysis has revealed key insights about THUNES ASIA PRIVATE LIMITED's performance and market presence. Here‘s a summary of our findings:
Positive highlights
Has been operational for a few years
Has accessible contact information online
Official business profile found on major search engines
Negative highlights
- No employer brand presence on career platforms
Corporate Information
66195
Transaction/Payment processing services
Development of software and applications (except games and cybersecurity)
Contact Information for THUNES ASIA PRIVATE LIMITED
THUNES ASIA PRIVATE LIMITED's Business Reviews
Google Reviews
3.1
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Public Preview of THUNES ASIA PRIVATE LIMITED
This is only a preview of the TrustScore results for THUNES ASIA PRIVATE LIMITED, showcasing a few facets of its business that we have analysed.
Evolving Stage
A brand in its evolving stage is one that is actively growing, refining, and expanding its market presence. They have gained certain traction in establishing foothold in chosen markets. These brands have defined their core identity, mission, and values and is continuously working to scale their operations, reach new audiences and adapt to changing market dynamics. They are in the process of continuous improvement and innovation, and focusing on customers engagement and feedback.
Key Characteristics
- Established Identity: THUNES ASIA PRIVATE LIMITED has a clear mission, vision, and values but may still change or update its messaging to reflect growth or new goals.
- Growing Awareness: It has a recognisable presence in its niche or industry but is working to expand its market reach. May be investing more in advertising, social media and partnerships.
- Scaling Operations: The brand is investing in infrastructure, personnel and processes to support future growth.
- Expanding Offerings: THUNES ASIA PRIVATE LIMITED is capable of introducing new products, services, or features to meet customer needs.
- Building Loyalty: Focused on deepening and entrenching relationships with existing customers while attracting new ones.
- Adapting and aligning to feedback: THUNES ASIA PRIVATE LIMITED is actively employing customer insights and market trends to improve the business
Why It Matters
- THUNES ASIA PRIVATE LIMITED represents growth, adaptability, and potential within the transaction/payment processing services sector.
- Having moved beyond the initial startup phase after 5 years, it's positioning for long-term success.
- Its ability to evolve and innovate often determines whether it becomes an industry leader.
The company's address in use by other companies, may raise concerns about the company's credibility and legitimacy. THUNES ASIA PRIVATE LIMITED has been operational for a few years, showing some level of stability. While it shows some level of stability, it may still be in the process of establishing its reputation and credibility.
THUNES ASIA PRIVATE LIMITED has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting THUNES ASIA PRIVATE LIMITED's long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
THUNES ASIA PRIVATE LIMITED has accessible contact information online, which is a positive indicator of its credibility and transparency. The company maintains an official business profile on major search engines, enhancing its visibility and credibility.
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Sign In to ContinueAssociated News for THUNES ASIA PRIVATE LIMITED
Thunes, a global cross-border payments firm headquartered in Singapore, has secured a Payments Institution license from France’s Autorité de Contrôle Prudentiel et de Résolution. This allows the company to offer cross-border payment services to non-bank financial institutions in the European Union, including those without licenses. The development complements the firm’s existing license to conduct payment acquisition services for financial institutions in the EU. The company looks to accelerate its regional expansion with the new approval.
Thunes, a global cross-border payments firm headquartered in Singapore, has secured a Payments Institution license from France’s Autorité de Contrôle Prudentiel et de Résolution. This allows the company to offer cross-border payment services to non-bank financial institutions in the European Union, including those without licenses. The development complements the firm’s existing license to conduct payment acquisition services for financial institutions in the EU. The company looks to accelerate its regional expansion with the new approval.
B2B Payments Today: Provi, HSBC, Thunes, IRIS
The Singapore FinTech Thunes, which connects payment players in numerous countries, is now backed by Insight Partners in a new $60 million growth round, a press release said on Tuesday (May 18). The company reportedly intends to look at expanding its network and boosting its dynamic team. In addition to Insight Partners, the new round was supported by “existing shareholders,” and the support from Insight Partners will bolster Thunes’ financial and operational resources. Insight Partners has invested in more than 400 companies worldwide, with over $30 billion in capital commitments.
19 May 2021
Thunes Nets $60 Million In Funding
Singapore FinTech Thunes, which connects payment players in numerous countries, is now backed by Insight Partners in a new $60 million growth round, a press release said Tuesday (May 18). The company reportedly intends to look at expanding its network and boost its dynamic team. In addition to Insight Partners, the new round was supported by “existing shareholders,” and the support from Insight Partners will bolster Thunes’ financial and operational resources. Insight Partners, the release said, has invested in over 400 companies worldwide, with over $30 billion in capital commitments.
19 May 2021
Insight Partners leads $60M growth round in cross-border payments startup Thunes – TechCrunch
The world of digital payments is very fragmented, with different types of online bank accounts, digital wallets and money transfer services used in different countries. Singapore-based Thunes, a fintech focused on making cross-border money transfers easier, announced today it has raised a $60 million growth round led by Insight Partners. One of the world’s largest venture capital firms, Insight is known for working closely with growth-stage companies, helping them expand through its ScaleUp program. The round included participation from existing shareholders. Thunes’ last funding announcement was in September 2020 a $60 million Series B led by Helios Investment Partners. Other investors include GGV Capital and Checkout.com.
18 May 2021
With the new licence, it can now facilitate transactions in its digital membership network. Money transfer services provider Thunes has obtained a licence from the Monetary Authority of Singapore (MAS) to conduct payments services, according to a press release. With the new licence, Thunes can facilitate easier transactions in its digital membership network. Before the MAS authorisation, the provider could only conduct payments with institutions such as DBS Bank, Citibank NA, Grab, and SingTel, and received regulatory oversight from the UK Financial Conduct Authority.
With the new licence, it can now facilitate transactions in its digital membership network. Money transfer services provider Thunes has obtained a licence from the Monetary Authority of Singapore (MAS) to conduct payments services, according to a press release. With the new licence, Thunes can facilitate easier transactions in its digital membership network. Before the MAS authorisation, the provider could only conduct payments with institutions such as DBS Bank, Citibank NA, Grab, and SingTel, and received regulatory oversight from the UK Financial Conduct Authority.
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.
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