Overview of Transaction

• On May 18, 2021, Thunes announced it has raised $60 million in growth financing led by Insight Partners with participation from existing investors
• Established in 2016 and headquartered in Singapore, Thunes is a B2B payments company enabling global banks, money transfer operators, platforms and many other businesses to make payments to bank accounts, mobile wallets and cash pick-up providers around the world
• Thunes' platform currently connects more than 260 customers and network partners from across 110 countries to send and receive money globally
• Customers that have joined Thunes’ global network include Grab, PayPal, M-Pesa, Commercial Bank of Dubai, Western Union, Remitly, and NTUC Income

Significance of Transaction

• In supporting Thunes, Insight Partners will provide financial and operational resources to promote the Company’s rapid and sustained growth
• The current investment round brings the Company's total funding to $130 million in less than two years, with $120 million raised in the last six months

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to Thunes
• This transaction highlights FT Partners’ deep domain expertise within the Payments sector, as well as its successful track record generating highly favorable outcomes for high-growth FinTech companies globally