Global payments firm Thunes invests $20m in AML startup Tookitaki

Thunes Tookitaki
Peter De Caluwe, CEO of Thunes, and Abhishek Chatterjee, founder and CEO of Tookitaki

Thunes, a Singapore-based global payments company, announced that it has taken a majority stake in the anti-money laundering (AML) and compliance technology firm, Tookitaki Holding Pte Ltd (Tookitaki) by making an investment of over $20 million.

The alliance of both firms empowers the banking and financial services industry to fight money laundering and offer safe and secure payments to customers.

The deal brings enhanced synergies for both businesses to accelerate global growth. Thunes is able to extend Tookitaki’s industry-leading compliance and anti-money laundering (AML) capabilities to further safeguard the businesses and create more transparency around the payment flows of its global customers.

The company tracks over 180 million transactions annually.

Meanwhile, the injection of investment allows Tookitaki to deepen its presence in core APAC markets – Singapore, Indonesia, Malaysia, the Philippines, Taiwan, as well as the Middle East, Europe, and the Americas.

“We are very excited to have Tookitaki join us. This alliance will give all Thunes customers access to next-generation tech compliance systems, reducing the cost of transferring money across borders. At the same time, all Tookitaki’s banking and fintech clients will automatically gain access to Thunes’ network, unlocking pathways to scale globally,” according to Thunes CEO Peter De Caluwe.

Thunes and Tookitaki businesses will continue to operate independently, with the alliance strengthening both companies and enabling them to accelerate their global business expansion.

Singapore-based Tookitaki was founded in November 2014, and employs over 100 people across Asia, Europe, and the US. It delivers AML and compliance solutions to some of the world’s leading banks and financial institutions, using Big Data and machine learning (ML) technologies.

“Thunes is recognised for its far-reaching global network, and the allianceprovides us with an ‘unfair’ opportunity to offer our proven and powerful AML solution to banks and fintechs across the fastest growing economies as well as the biggest,” said Abhishek Chatterjee, Founder and CEO of Tookitaki. –