# Thunes

Thunes is an Asset Manager based in Singapore, Singapore.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** Singapore
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** www.thunes.com
- **LinkedIn:** https://www.linkedin.com/company/thunespayments

## Regulatory record

- **Reports private funds:** No

## About

Thunes’ proprietary Direct Global Network allows Members to make payments in real-time in over 140 countries and more than 90 currencies.

## Sectors

- FinTech
- Enterprise Software

## Offices

- London, United Kingdom
- Paris, France
- Miami, Florida, United States
- Dubai, United Arab Emirates
- Nairobi, Kenya
- São Paulo, Brazil

## People

- Peter De Caluwe — CEO
- Ayman Al Awadhi — Chief Strategy Officer
- Chloe Mayenobe — Chief Operating Officer
- Christophe Bourbier — Chairman

## Questions

### Who runs investment decisions at Thunes?

Thunes is a growth-stage operating company, not an investment firm. Strategic and capital-allocation decisions are led by CEO Peter De Caluwe, who co-founded the company and has guided it since its 2016 spinoff from TransferTo. The board includes representatives from key investors Helios Investment Partners and Marshall Wace.

### How does Thunes source proprietary deal flow?

Thunes does not source deal flow in the traditional investment sense. As a payment infrastructure provider, its 'deal flow' consists of partnership agreements with financial institutions, digital wallet operators, and regulatory bodies. These emerge from local licensing efforts and direct commercial outreach in over 30 markets, notably in Africa and Southeast Asia.

### Which sectors does Thunes explicitly avoid?

Thunes avoids direct-to-consumer remittance marketing; its platform is purely B2B. It routes payments for licensed financial institutions and digital platforms, and its compliance program excludes jurisdictions subject to comprehensive sanctions, as well as merchant categories flagged as high-risk under its internal risk appetite framework.

### How is Thunes related to TransferTo?

Thunes was originally the B2B division of TransferTo, a mobile airtime credit and digital payments company. In 2016, the B2B unit was spun out as an independent entity under Peter De Caluwe's leadership. The two firms have since operated as separate companies with no formal ownership link.

### What is Thunes's known posture on partnerships alongside external banks?

Thunes actively partners with banks but replaces correspondent banking arrangements with direct integrations. Institutions like Standard Chartered use its network to reach markets where they lack direct clearing. Thunes does not co-invest; it provides a service layer that banks can white-label or integrate directly into their treasury operations.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/thunes

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