Thunes
Opportunity
In September 2020, Helios completed the acquisition of a stake in Thunes, a market-leading payments network providing interconnectivity between payment companies and methods across emerging markets to facilitate cross-border payments. Launched in 2018 as a spin-out from TransferTo, a mobile airtime wholesale and remittance business, Thunes enables faster, cheaper and more transparent cross-border payments into and out of emerging markets. The company currently operates across more than 80 countries in Africa, Asia and Latin America.
Investment Summary
Date of investment
September 2020
Sector
Fintech
Website
https://www.thunes.com/Strategies
Private EquityShare
Related investments
Building market leaders
Helios Private Equity follows a highly flexible 'first principles' investment approach, applying developed world investment tools in Africa
In November 2015, Helios Investment Partners entered into a joint venture with Acorn Group. The partnership established a development platform, primarily focused on the youth housing segment in Nairobi, Kenya. Acorn is a top-tier property developer based in Nairobi. Since its establishment in 2001, Acorn has completed...
View websiteView investment
In December 2022, Helios acquired a majority stake in IXAfrica, a leading developer and operator of hyperscale-ready data centers in Kenya. The company was established in 2021 to capitalize on the soaring demand for internet connectivity from Kenya’s young and highly digitally-connected population, and from...
View websiteView investmentIn September 2020, Helios completed the acquisition of a stake in Thunes, a market-leading payments network providing interconnectivity between payment companies and methods across emerging markets to facilitate cross-border payments. Launched in 2018 as a spin-out from TransferTo, a mobile airtime wholesale and...
View websiteView investment