Singaporean cross-border payments firm Thunes has acquired European payment methods platform Limonetik for an undisclosed fee.
According to Thunes, this purchase will complement existing Thunes cross-border payments solutions by enabling businesses to get paid in 70 countries and use over 285 local payment methods such as mobile wallets, QR code payments, instalment payments and more. The company noted the new solution will be called Thunes Collections.
Thunes also highlighted that with Limonetik joining the Thunes global payment and collection networks, businesses and their customers will be able to send payments to – and get paid in – hard-reaching areas of the world.
The acquisition will also see Thunes launch a new brand identity, with the firm introducing a new logo and website in order to better reflect its market position and expanding service offerings.
Thunes CEO Peter De Caluwe said, “Thunes is recognised for our far-reaching global network and brilliantly simple payments solution. We are excited to further strengthen our offering with a global collections capability made possible through the acquisition of Limonetik. We welcome the Limonetik team to Thunes, and as one, we look forward to offering a single end-to-end payment solution that connects every corner of the world and makes the global economy accessible to all.”
Limonetik founder Christophe Bourbier added, “Limonetik has been driving the transformation of collections with its platform-as-a-service (PaaS) model, while Thunes possesses a powerful global payments network. We are incredibly excited to extend our combined payments and collections solutions across the world.”
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