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Thunes scales Direct Global Network into Denmark, Norway, and Sweden

Tuesday 3 June 2025 11:10 CET | News

Thunes has announced the expansion of its Direct Global Network with the rollout of direct Pay-to-Bank services in Denmark, Norway, and Sweden. 

Through this move, Thunes scales its reach in the Nordic region, enabling Members of the Thunes Direct Global Network to benefit from efficient cross-border payment solutions for consumer and business transactions.

Thunes scales Direct Global Network into Denmark, Norway, and Sweden

Thunes’ offering for the Nordic region

By broadening its presence in Denmark, Norway, and Sweden, Thunes seeks to open new direct corridors, supporting payouts in DKK, NOK, and SEK. Also, the company’s Network expansion is set to provide access to its Members to the Nordic region, whose export volumes amounted to approximately USD 600 billion in 2024, while inbound remittance accounted for over USD 5.4 billion in 2023. Developed on an advanced API integration, Thunes’ service utilises Thunes SmartX Treasury system and Fortress Compliance platform to offer Members increased efficiency, control, visibility, protection, and cost-effectiveness for their cross-border payments.

Furthermore, the expansion is set to enable Thunes to facilitate a more optimal Direct Global Network that allows simplified bank payouts across the Nordics, in turn meeting the upward demand for real-time, cross-border payment solutions in an ever-evolving region. Commenting on the news, representatives from Thunes mentioned that this development solidifies their company’s commitment to delivering real-time, cross-border services globally. By extending its Direct Global Network into the Nordic region, the company seek to provide a modern alternative to legacy systems, in turn ensuring that payments to Denmark, Norway, and Sweden are conducted optimally.

Global expansion powered by a USD 150 million funding round

The end of April 2025 saw Thunes obtain USD 150 million in a Series D funding round, marking the largest capital raise for the company. With participation from Apis Partners and Vitruvian Partners, the backing was projected to further solidify Thune’s position in the cross-border payments landscape. Additionally, Thunes intended to leverage the capital to support its expansion in the US, with its growth strategy being assisted by recent regulatory advances, including the receipt of money transfer licences across 50 states, pending final approvals.

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Keywords: cross-border payments, expansion, transactions , financial services, digital payments
Categories: Payments & Commerce
Companies: Thunes
Countries: Denmark, Norway, Sweden
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Payments & Commerce

Thunes

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