Led · Equity · Jun 2026

Founded in 2010 and headquartered in Singapore, BIPO offers an integrated suite of HRMS, Global Payroll Outsourcing (GPO), Employer of Record (EOR) and workforce analytics solutions, delivered via proprietary in-house payroll engines. The company supports enterprise and SME clients across 170 countries and reports supporting around 700,000 employees, processing close to US$2bn in salaries and serving more than 5,600 corporate clients. BIPO positions itself as an Asia-focused specialist with deep regulatory connectivity and operational scale across complex markets. Management plans to use the new capital to accelerate international expansion, pursue selective M&A, deepen investment in AI and automation, and build embedded financial services capabilities such as Treasury and FX. The company has been recognized in Everest Group’s Multi-Country Payroll Solutions PEAK Matrix® Assessment and at HR Vendors of the Year awards.

Led · Equity · May 2026

Paymentology provides a multi-cloud, real-time issuer-processing platform that helps banks, fintechs and digital banks launch, scale and manage card and digital payment programmes globally. The platform is positioned to address limitations of legacy issuer-processing systems by enabling clients to adapt payment programmes across different regulatory and market environments. Paymentology has seen continued growth across digital banking, embedded finance, digital asset‑linked card programmes and expense management platforms, and it also works with established financial institutions modernising legacy systems. Its customer base is geographically diversified with notable exposure in the Middle East, Latin America, Africa and Asia‑Pacific. The company plans to expand its product set into areas including credit, stablecoin infrastructure, tokenisation and AI-driven financial services. The recent $175 million investment is intended to support its international expansion, product development and team growth.

Led · Series C · Nov 2025

Founded in 2015 and led by CEO Nicolas Faquet, Roojai began as an online motor-insurance provider in Thailand and has evolved into a full-stack digital insurer. Its platform lets customers obtain tailored quotes, adjust coverage, submit claims and manage payments entirely online. Roojai now offers motor, health, personal-accident and travel policies, including products specifically designed for electric vehicles and safe drivers. The company operates through several entities: Roojai Insurance (Thailand), Roojai Indonesia, MrKumka (a Thai comparison broker) and Lifepal (an Indonesian comparison site acquired in 2022). In 2023 it bought FWD General Insurance Thailand, rebranding it to Roojai Insurance in 2024, cementing its full-stack capability. Future plans include expanding its Thai footprint, scaling Indonesian operations and pursuing additional M&A opportunities. While no revenue or user figures were disclosed, the company emphasizes disciplined growth and product innovation to extend fair, straightforward insurance across Southeast Asia.

Led · Series D · Apr 2025

Thunes operates a Direct Global Network that spans 130+ countries, supports 80+ currencies and maintains 550+ direct integrations to enable real-time cross-border payments. The company focuses on making traditional, digital and emerging currencies interoperable through its payments infrastructure and technology stack. Thunes emphasizes compliance, scalability and a seamless customer experience to reach businesses and end users across complex markets. Management states a Revenue run-rate of $150 million and reports positive EBITDA, and the business is now profitable while maintaining strong growth momentum. Planned uses of capital include U.S. expansion (leveraging recently acquired licenses across 50 U.S. states, subject to regulatory approval), strengthening the Direct Global Network, and advancing technology from AI to digital-asset interoperability. Thunes aims to extend access to the "next billion" end users in emerging markets and capture a growing share of the large cross-border payments opportunity. Thunes is a global B2B payment infrastructure platform that powers cross-border payments for businesses and consumers through a single, simple connection. It supports 80 currencies, enables payments to 132 countries, and accepts 300 payment methods. Customers include Uber, Deliveroo, Grab, PayPal, Remitly, Finastra and Revolut. Thunes offers send-to-wallet capabilities via an API integration with Visa Direct and connects to 78 digital wallet providers globally. Founded in 2016 and headquartered in Singapore with regional offices in London, Paris, Shanghai, Beijing, Dubai, Hong Kong, Barcelona, Miami and Nairobi, the company acquired a controlling stake in Tookitaki in April 2022 to strengthen AML and compliance. Thunes says it will use investor support to expand its network, deepen collaboration with Visa, and develop next-generation cross-border payment solutions that are secure, instant and transparent. Thunes is a Singapore-based fintech startup. The article reports the company has raised over $60 million. The coverage does not provide details on Thunes' core product, business model, or operating metrics. The reporting confirms earlier coverage by DealStreetAsia. The article does not disclose investors, the financing instrument, valuation, or use of proceeds. No future plans or guidance were included in the article. Thunes is a global cross-border payments firm that provides cross-border payment services. The company disclosed that global hedge fund Marshall Wace invested US$30 million in its Series C via a filing to Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Deal Street Asia reported Thunes may raise an additional up to US$30 million for this tranche, but Thunes did not disclose the total round size or other participants in a statement to PYMNTS on March 24. The financing is described as part of a Series C funding round; the article does not disclose other instrument types. Previously, in May 2021 Thunes raised US$60 million in a Series B, which brought the company’s total funding to US$130 million in less than two years. Since then Thunes has acquired Paris-based Limonetik and AML and compliance technology firm Tookitaki. Thunes builds APIs and a cross-border payments network that connects banks, digital wallets and mobile money providers to enable interoperable payments across emerging markets. The company launched in 2019 after a split from TransferTo and is headquartered in Singapore with offices in London, Shanghai, New York, Dubai and Nairobi. Thunes now operates in about 100 countries (up from 40 at its 2019 Series A) and serves clients including MoneyGram, Western Union, Remitly, VIA, Grab and the National Bank of Dubai. It charges fixed transaction fees of roughly $0.02 to $2 and small FX markups, operating on small margins, high volumes and high frequency. Planned uses of new funding include expanding operations across Africa, Asia and Latin America, hiring teams in markets like Kenya, Tanzania, Zimbabwe and Ethiopia, and product development to enable more collections and digital bank account pilots in Indonesia.

Participated · Series C · Feb 2025

Cashfree is a Bangalore-based payments startup founded in 2015 that provides payment-processing and identity-verification services to businesses. Its platform processes more than $80 billion annually for over 800,000 businesses and can handle up to 12,000 transactions per second during peak demand. The company has developed SecureID, an identity verification system that has performed over a billion verifications to date to combat fraud and reduce onboarding drop-offs. Cashfree was incubated by PayPal and counts Y Combinator and State Bank of India among its early backers. It is one of the first companies authorized by India’s central bank to operate as a payment aggregator for both domestic and international transactions. The startup is focused on international expansion, particularly into the UAE and other Middle Eastern markets, and has seen merchant sign-ups surge 130% in the current fiscal year. Cashfree is a Bangalore-based payments platform founded in 2015 that offers more than a dozen products to help businesses accept payments, disburse salaries, set up recurring payments and settle marketplace commissions. It serves over 55,000 businesses and counts customers such as Cred, BigBasket, Zomato, HDFC Ergo, Acko and Ixigo. The startup processed over $12 billion in payment volume in the fiscal year ended March and has been profitable for the past three years. Cashfree works with several banks and integrates with platforms including Shopify, PayPal and Amazon Pay. The company plans to deploy part of the new funding to R&D to scale its technology stack and build services to digitize offline payments. It is also working on cross-border payments solutions to explore opportunities in emerging markets and investing in next-gen payments and banking tech. Cashfree provides a single interface to connect corporate banking services for disbursements and business intelligence, having pivoted from a payment gateway. Its platform enables bulk transfers to bank accounts, UPI and wallets and offers analytics for vendor payouts and aggregate reporting. The service is used by more than 12,000 businesses, including Xiaomi, Tencent, Zomato, Cred, Club Factory, ExxonMobil and Dunzo. Cashfree processes $4.5 billion in annual recurring volume and is profitable, having been profitable since graduating Y Combinator about 18 months ago. The company plans to double down on bank‑attached services with a new solution featuring increased integrations that will ship soon. It is also expanding hiring and business development in Delhi and Bombay and says offering full banking services could be possible in the future, pending regulatory clarity and additional fundraising.