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HomeStartup NewsSingapore-Based Thunes Acquired Tilia

Singapore-Based Thunes Acquired Tilia

To accelerate its growth in the United States and its presence in the fast-expanding online gaming market, Thunes, a global cross-border payments company, is proud to announce that it signed a definitive agreement to acquire Tilia LLC, an all-in-one payments platform.

To accelerate its growth in the United States and its presence in the fast-expanding online gaming market, Thunes, a global cross-border payments company, is proud to announce that it signed a definitive agreement to acquire Tilia LLC, an all-in-one payments platform.

Tilia is licensed in 48 U.S. states and territories and offers payment solutions (acceptance and pay-outs) for online games, virtual worlds, creator economies, and in-app purchases.

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Upon closing of the transaction, which is subject to regulatory approvals, Thunes’ bespoke global network to accept and pay in real-time through four billion bank accounts, three billion digital wallets and 550 Alternative Payment Methods will become available to merchants across the United States, including current Tilia customers. Using Tilia’s technology, it will be able to offer Visa, MasterCard, American Express, JCB and UnionPay acceptance to Thunes’ customers.

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As part of the transaction, Thunes and Linden Research, Inc., the current majority owner of Tilia, have agreed to an exclusive five-year partnership in which, post closing, it will provide payment processing and pay-outs to Linden Lab, leveraging Thunes’ global network allowing gamers to pay, and to receive money real-time, in a more cost-efficient way and with increased transparency.

About Thunes

Thunes is a global payment innovator enabling seamless, instant and transparent money movement for the 21st century. Through its expansive network, they empower their customers to Accept and Pay in real-time, closing the gap between payment systems worldwide.

About Tilia

Tilia LLC is the all-in-one payments platform for digital economies. Through its payments infrastructure technology and as a licensed money transmitter in the U.S., Tilia is unlocking the full potential of online economies by providing secure, regulated transactions at massive scale.

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