Thunes Acquires Limonetik to Accelerate Rollout of Global Payment Collections

  • Payments , E-Wallets , Alternative Finance , PaaS
  • 21.07.2021 10:10 am

Cross-border payments leader Thunes today announced the acquisition of Limonetik, a European Payment Methods  Platform. 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 installments (BNPL), QR code payments and more. The solution will be known as Thunes  Collections. 

Limonetik is one of the earliest developers of an alternative payment methods platform suitable for international merchants and marketplaces. And like  Thunes, the firm closely partners with payment service providers and financial  institutions. Processing more than EUR 2 billion a year, Limonetik is trusted by over 14,000 merchants, marketplaces and fintech players, including Deliveroo,  Uber Eats, Veepee, CMA - CGM, Worldline - Ingenico, ACI, Amadeus and  Natixis. 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.  

Rapid growth in cross-border e-commerce trade has made it essential for global  sellers to accept payments in locally preferred methods. There are over 400  alternative payment methods, and this diversity brings integration complexity  and back-office costs that Limonetik’s offering resolves with a single API  integration. We believe collecting funds globally should be easy regardless of  customer location. 

By joining the Thunes global payment and collection networks, businesses and  their customers can send payments to – and get paid in – even the hardest-to reach corners of the world. With a single, simple connection, Thunes offers fast,  transparent and affordable payments across the world and will now also enable  more flexible ways to collect funds.  

“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.  

“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 also unveiling a new brand identity, including a new logo and website  to better reflect its well-established market position and expanding service  offerings. These changes arrive four years after Thunes’ inception and the  company's successful diversification and scaling of its offering while broadening  its global presence.  

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. Insight  Partners’ support enables Thunes to speed up investment in its operations,  product and technology.  


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