Thunes Announces Agreement to Acquire Tilia LLC
Thunes, the global cross-border payments company, has taken a significant step to enhance its foothold in the United States and tap into the burgeoning online gaming market. The company recently finalized a definitive agreement to acquire Tilia LLC, an all-in-one payments platform.
Tilia LLC, licensed in 48 U.S. states and territories, specializes in providing payment solutions for various digital realms, including online games, virtual worlds, creator economies, and in-app purchases. With this strategic acquisition, Thunes aims to accelerate its growth trajectory and expand its services within the U.S.
Key Highlights of the Acquisition:
- Enhanced Payment Solutions: Thunes’ global network, which facilitates real-time transactions across four billion bank accounts, three billion digital wallets, and 550 Alternative Payment Methods (APMs), will now be accessible to U.S. merchants. Existing Tilia customers will benefit from this expanded payment ecosystem.
- Payment Acceptance: Leveraging Tilia’s technology, Thunes will offer payment acceptance for major card networks, including Visa, MasterCard, American Express, JCB, and UnionPay. This move will empower businesses to seamlessly accept payments from a wide range of sources.
- Exclusive Partnership: As part of the deal, Thunes and Linden Research, Inc. (the current majority owner of Tilia) have entered into an exclusive five-year partnership. Post-acquisition, Thunes will handle payment processing and pay-outs for Linden Lab, enhancing the experience for gamers. Real-time payments with increased transparency will become the norm, benefiting both players and creators.
- CEO Perspectives:
- Floris de Kort, CEO of Thunes, expressed enthusiasm about the acquisition: “The investment in Tilia demonstrates our ambition in the United States. We aim to provide merchants with direct money movement solutions, leveraging Tilia’s capabilities.”
- Brad Oberwager, CEO of Linden Lab, emphasized the seamless integration: “It will be business as usual for our people and our customers as we bring Tilia and Thunes together.”
- Rebranding and Location:
- After regulatory approval, Tilia will be rebranded as Thunes and will continue to operate from its base in San Francisco.
This acquisition marks a pivotal moment for Thunes, positioning it as a global payment innovator that bridges gaps between payment systems worldwide. With Tilia’s expertise in online gaming and virtual worlds, Thunes is poised to thrive in this dynamic industry.
Also Read: Wise Faces Licensing Hurdles: Discontinues E-Wallet Services in Indonesia
About Thunes:
Thunes is a global payment innovator enabling seamless, instant, and transparent money movement across 84 currencies in 133 countries. With over 550 payment methods, including mobile wallets like PayPal, M-Pesa, and Orange Money, Thunes connects payment systems worldwide, empowering businesses and individuals alike.
Disclaimer: This article is based on information from Thunes’ official announcement. The author has synthesized the content for the purpose of this blog post.
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