- Acquisition Details:
- Thunes, a B2B payments infrastructure firm, has signed a definitive agreement to acquire Tilia.
- Tilia, founded in 2019, offers acceptance and pay-out services for various sectors, including in-app purchases, creator economies, online games, and virtual worlds.
- Strategic Expansion into US Gaming Market:
- The acquisition of Tilia aims to fuel Thunes’ expansion into the US online gaming market.
- Thunes plans to leverage Tilia’s technology to offer acceptance services for major card networks such as American Express, JCB, MasterCard, UnionPay, and Visa to its customers.
- Extended Network and Geographic Reach:
- Tilia’s licensing in 48 US states and territories will extend Thunes’ network, enabling real-time acceptance and payments across the US for business owners.
- Upon completion of the acquisition, Tilia will rebrand as Thunes and continue its operations from its San Francisco headquarters.
- Partnership with Linden Lab:
- Thunes has entered into a five-year partnership with Linden Research (Linden Lab), the current majority owner of Tilia.
- This partnership will involve Thunes providing payment processing and payout solutions to Linden Lab, facilitating real-time payments for gamers.
- CEO Statements:
- Floris de Kort, CEO of Thunes, highlights the ambition in the US market and the investment to leverage Tilia’s capabilities for direct money movement solutions.
- Brad Oberwager, CEO of Linden Lab, expects the acquisition to offer customers more payment choices and real-time pay-outs, enhancing their gaming experience.
- Regulatory Approval and Financial Terms:
- The acquisition is subject to regulatory approval, and the financial terms have not been disclosed.
Thunes to boost US footprint with acquisition of Tilia
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