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Thunes to acquire Tilia LLC to expand its presence in the U.S. online gaming market

Apr 23, 2024

Acquiring Company

Thunes

Acquired Company

Tilia

SingaporeSan FranciscoFinancial ServicesFintechLendingInformation Technology

Description

Thunes, a global cross-border payments company, has signed a definitive agreement to acquire Tilia LLC, an all-in-one payments platform, to accelerate its growth in the United States and expand its presence in the fast-expanding online gaming market. Through this acquisition, Thunes will leverage Tilia's capabilities to provide merchants with direct money movement solutions in and out of the United States, and to offer a wide range of payment methods to its customers while establishing an exclusive partnership with Linden Lab. Subject to regulatory approval, after the acquisition closes, Tilia will be rebranded as Thunes and will remain based in San Francisco.

Quick answer

Thunes is acquiring Tilia, announced April 23, 2024. Thunes is based in Singapore, Southeast Asia, Singapore.

How much did Thunes pay for Tilia?
The deal value was not disclosed.
What does Thunes do?
Thunes is a B2B company that powers payments for the world's fastest-growing businesses.
Where are Thunes and Tilia based?
Thunes is based in Singapore, Southeast Asia, Singapore. Tilia is based in San Francisco, California, United States.
Who are the decision-makers at Thunes?
Fundz holds 5 contacts at Thunes. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Thunes

Location

1 Raffles Pl

Singapore, Southeast Asia, Singapore

About

Thunes is a B2B company that powers payments for the world's fastest-growing businesses. Corporates and financial institutions can move funds seamlessly, securely and cost-effectively with Thunes' well-established, reliable and far-reaching network. Thunes is used by leading 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. With a single, simple connection, your business and customers can send payments to – and get paid in – every corner of the world. Instantly. Thunes is headquartered in Singapore with regional offices in London, France, Shanghai, New York, Dubai, and Nairobi. For more information, visit www.thunes.com

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Frequently asked

Who acquired Tilia?

Tilia was acquired by Thunes, based in Singapore. The deal was reported on April 23, 2024. Thunes is a B2B company that powers payments for the world's fastest-growing businesses. Thunes is privately held and operates in Financial Services.

When did Thunes acquire Tilia?

Thunes's acquisition of Tilia was reported on April 23, 2024. Thunes, a global cross-border payments company, has signed a definitive agreement to acquire Tilia LLC, an all-in-one payments platform, to accelerate its growth in the United States and expand its presence in the fast-expanding online gaming market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Tilia do?

Games, virtual world publishers, mobile applications and NFT providers use Tilia to power their virtual economies. With Tilia you can accept payments, issue virtual tokens, manage in-game purchases, and enable users and creators to earn and extract real money. It is privately held, operating in Information Technology, and is based in San Francisco.

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