Cross-border payments platform Thunes has announced the acquisition of Limonetik, a European Payment Methods Platform. According to the announcement this move will complement existing Thunes Cross-Border Payments solutions by enabling businesses to get paid in 70 countries, using over 285 local payment methods such as mobile wallets, payment by instalments (BNPL), QR code payments and more. The solution will be known as Thunes Collections.
Limonetik is a developer of an alternative payment methods platform suitable for international merchants and marketplaces. The firm closely partners with payment service providers and financial institutions. Founded in Paris in 2008, Limonetik is led by CEO & co-founder Christophe Bourbier, a multiple-time entrepreneur and payment space expert. Today, Limonetik counts 50 employees who will become Thunesters.
“Limonetik has been driving the transformation of collections with its platform-as-a-service (PaaS) model, while Thunes possesses a powerful global payments network. We are incredibly excited to extend our combined payments and collections solutions across the world,” said Christophe Bourbier, founder of Limonetik.
“Thunes is recognised for our far-reaching global network and brilliantly simple payments solution. We are excited to further strengthen our offering with a global collections capability made possible through the acquisition of Limonetik. 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,” commented Peter De Caluwe, CEO of Thunes.
In May 2021, Thunes announced a US$60 million Series B growth round led by global private equity and venture capital firm Insight Partners, bringing the company’s total funding to US$130 million in less than two years.
