Global hedge fund Marshall Wace has reportedly invested US$30 million in global cross-border payments firm Thunes as part of its Series C funding round according a disclosure the firm made to Singapore’s Accounting and Corporate Regulatory Authority (ACRA).

A report by Deal Street Asia indicated that Thunes may raise additional funding up to US30 million for this particular tranche.

However, the firm itself did not elaborate on the total size of the investment round or who the other potential investors may be in a statement to PYMNTS on 24 March (Friday).

In May 2021, Thunes had managed to bag US$60 million in a Series B funding round which nudged the company’s total funding to US$130 million in less than two years.

Since then, Thunes had acquired its Paris-based counterpart Limonetik as well as anti-money laundering (AML) and compliance technology firm Tookitaki.

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Source: https://fintechnews.sg/70958/funding/marshall-wace-invests-us30-million-in-thunes-series-c/