Thunes acquires payments platform Limonetik

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Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • Thunes, a leading provider of cross-border payments services, has confirmed that it has acquired Limonetik, a European payment methods platform.
  • The move will mean that Thunes’ commercial customers now have a much wider range of payment methods and options to choose from – and it will also help those who are based in distant locations.
  • “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,” said a senior spokesperson for Thunes.

Thunes, a major provider of cross-border payments services, has announced that it has acquired Limonetik, a European payment methods platform.

As a result, Thunes’ business customers will now be able to get paid in 70 nations around the world.

In total, they will have more than 285 local payment methods available to them.

These will include instalment payment systems, QR code payments, mobile wallets, and several more.

The new service will be known as “Thunes Collections”, the firm confirmed in a statement to the press.

The service will be offered from one central point using an application programming interface (API) integration.

It will also enable customers based in disparate regions of the world to ensure that they get paid.

In a statement, senior figures at both firms said that they were feeling positive about the new arrangement.

Thunes’ chief executive officer Peter De Caluwe said that his company is already known for its international presence and capacity to offer efficient and uncomplicated payments services.

“Thunes is recognised for our far-reaching global network and brilliantly simple payments solution,” he said.

“We are excited to further strengthen our offering with a global collections capability made possible through the acquisition of Limonetik.”

He went on to emphasise that the new payment system would be “end-to-end” in nature.

“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.”

On Limonetik’s part, Christophe Bourbier explained more about the company’s platform-as-a-service approach.

“Limonetik has been driving the transformation of collections with its platform-as-a-service (PaaS) model, while Thunes possesses a powerful global payments network,” he said.

“We are incredibly excited to extend our combined payments and collections solutions across the world.”

The news comes during an exciting time for Thunes, in which it has revealed its new corporate identity.

Earlier this year, it confirmed that it had been the beneficiary of a Series B growth round in which it received US$60m from private equity and venture capital sources.

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