Sold as a cross-border payments network for developing economies, Thunes is now being backed to expand its offering in the key target markets. Previously known as TransferTo, Singapore-headquartered Thunes has celebrated a new Series A funding round worth $10m, led by venture capital (VC) firm GGV Capital. With this now secured, the start-up said it wants to drive deeper and experience more rapid growth across its key markets. This, it said, includes Africa, Asia and Latin America, where it will build more strategic partnerships to help bring improved payment solutions to businesses and consumers in emerging economies.