Thunes, a Singapore-based global cross-border payments company, acquired Tilia LLC, a San Francisco, CA-based provider of a payments platform.
The amount of the deal was not disclosed.
Tilia offers a payments platform for digital economies. Through its technology and as a licensed money transmitter in the United States, the company enhances online economies by providing safe, regulated transactions at scale.
Led by CEO Floris de Kor, Thunes is a global payment innovator enabling instant and transparent money movement. Through its network, it empowers customers to accept and pay in real-time, closing the gap between payment systems worldwide. The company currently facilitates payments in 84 currencies across 133 countries, using over 550 payment methods, including 129 mobile wallets like PayPal, M Pesa and Orange Money, gig economy companies like Uber and Deliveroo and super-apps like Grab and WeChat. It has offices in 14 locations, including Beijing, Nairobi, Riyadh, Dubai, San Francisco, Sao Paulo, London, Paris, Barcelona and Manila.
Commenting on the news, Floris de Kort said: “The acquisition of Tilia demonstrates our ambition in the United States. This investment will enable us to leverage Tilia’s capabilities to provide merchants with direct money movement solutions in and out of the United States. Furthermore, Tilia’s deep expertise in online gaming, virtual worlds and token-based payments will greatly accelerate our growth into that fast-growing, exciting industry.”
FinSMEs
23/04/2024