Thunes , a leading cross-border payments company, today announced the acquisition of Limonetik , a European payment platform. This move complements Thunes’ current solutions for cross-border payments , allowing companies to collect payments in 70 countries using more than 285 local payment methods, such as mobile wallets, installment payments (BNPL), QR code payments and others. The solution will be called Thunes Collections.
Limonetik is one of the pioneers in developing alternative payment method platforms suitable for merchants and international transactions. And like Thunes, the company works closely with payment service providers and financial institutions. Limonetik is trusted by more than 14,000 merchants, online marketplaces and fintech players, including Deliveroo, Uber Eats, Veepee, CMA – CGM, Worldline – Ingenico, ACI, Amadeus and Natixis. That trust translates into 2,000 million euros processed per year. Christophe Bourbier, CEO and co-founder of Limonetik, is at the helm of the company – founded in Paris in 2008. Mr. Bourbier has a long career as an entrepreneur and a lot of experience in payment platforms. As of today, Limonetik has 50 employees,
With the rapid growth of cross-border e-commerce, those dealing with customers across national borders have been forced to accept payments using innovative methods. There are more than 400 alternative payment methods, and this diversity comes with integration complexity and back-office costs that Limonetik’s offering solves through a single API integration. We believe that international collections have to be easy, regardless of the customer’s location.
By joining Thunes’ global payment and collection networks, businesses and their customers can send payments – and receive them – even when they are in the most remote corners of the globe. Thunes offers fast, transparent and affordable payments around the world through a single and easy connection. And as if that were not enough, think about making the processes more flexible to make international collections
“Thunes is recognized for its powerful global network and brilliantly simple payments solution. We are very pleased to reinforce our offering with a global collection capability made possible by the acquisition of Limonetik. welcome the Limonetik team to Thunes and together we look forward to delivering a single comprehensive payments solution that interconnects all corners of the world and makes the global economy accessible to all, “said Peter De Caluwe , CEO of Thunes .
“Limonetik has driven the transformation of the collection process through its platform-as-a-service (PaaS) model, while Thunes has a powerful global payments network. We are extremely excited to expand our combined payments and collections solutions around the world.” , said Christophe Bourbier, founder of Limonetik .
Thunes is also introducing a new brand identity that includes a new logo and website to better reflect its established market position and expansion of its service offering. These changes come four years after the creation of Thunes and the successful diversification and expansion of the company’s offering, while expanding its presence globally.
In May 2021, Thunes announced a Series B growth round of $ 60 million led by global private equity and venture capital firm Insight Partners , which translated into an increase in the company’s total financial resources reaching the $ 130 million in less than two years. Support from Insight Partners enables Thunes to accelerate investment in its operations, products and technology.