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Information that empowers: Octa broker on the importance of transparency


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 28 April 2025 – When managing personal finances, any lack of communication or transparency on the part of the service provider is annoying and nerve-wracking for the client, inevitably leading to mistrust and confusion.

Octa Broker

Efficient communication and transparency are especially vital in e-brokerage services, where traders put in significant time and effort to achieve positive results.

What issues can traders face if their broker hasn’t provided all the necessary information upfront? What are the industry benchmarks in terms of brokers’ transparency? Octa, a regulated and trusted broker founded in 2011, breaks down the issue of transparency in trader-broker relationships.

The issue of transparency

Non-disclosure of important information by service providers can significantly harm clients, often leading to financial loss and poor decision-making. When key facts are withheld or not communicated clearly enough, clients are left operating without a clear understanding of the risks or obligations involved.

For example, in the healthcare sector, a patient undergoing a medical procedure might not be informed of all potential side effects or alternative treatment options. Suppose complications arise, and the patient learns that some risks haven’t been disclosed in a timely manner. It can lead to legal disputes and, more importantly, emotional and physical distress that could have been avoided through proper communication.

The tech industry is another sector where non-disclosure can create serious problems. A software provider that fails to inform clients about data-sharing policies or hidden subscription renewals can lose user trust. Clients may find themselves locked into expensive contracts or be unknowingly compromising their data privacy—outcomes that damage both the client experience and the company’s reputation.

Across these and many more industries, the common motif is clear: full disclosure builds trust, supports informed choices, and fosters long-term, mutually beneficial relationships.

As a global broker with extensive market experience, Octa aims to build long-term relationships with its clients based on trust and transparency. This is why the broker fully discloses all the necessary information, including trading fees, in its terms and conditions without leaving anything out.

The consequences of limited disclosure
When brokers conceal their trading conditions, costs, or inherent leverage risks, they create an environment where traders, especially less experienced ones, are at a serious disadvantage. This lack of transparency produces long-lasting negative consequences that affect a trader’s overall ability to succeed in the markets.

Perhaps the most damaging side of murky brokerage practices is the erosion of profits through hidden fees. Some brokers highlight attractive commissions in their advertising but then introduce additional costs without the client’s knowledge. When taken individually, these charges can seem innocuous, but over time, they can accumulate and seriously undermine a trader’s outcome. Without the broker breaking down all fees upfront, traders can’t estimate their risk appetite or manage their wealth effectively.

Non-disclosure also distorts risk perception. A client who is not fully aware of the volatility associated with certain financial products or highly leveraged trading won’t be able to manage the risks properly and can lose capital. A false sense of security can lead to overexposure, particularly among less experienced traders who rely on their broker for guidance.

Moreover, the lack of transparency damages client trust. In finance, a single incident of perceived deception—such as a hidden fee, an undisclosed conflict of interest, or misleading performance data—can permanently damage the provider’s reputation.

Conclusion
In trading, as in many other industries, any lack of transparency is detrimental to the client’s results and the broker’s reputation. This is why reputable global brokers like Octa willingly share information about their fees and conditions. This way, the broker’s clients don’t have to do any guesswork and can focus on progressing towards their financial goals.

Octa’s reputation as a reliable broker offering fast withdrawals is confirmed by thousands of trader reviews. The broker advises not to take advertising promises for granted but to test them in practice instead and make a decision based on real-life experience. By adhering to the industry’s best practices, Octa stays true to its core approach: no hidden tricks, just honest trading.

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Disclaimer: This content is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to engage in any investment activity. It does not take into account your investment objectives, financial situation, or individual needs. Any action you take based on this content is at your sole discretion and risk. Octa and its affiliates accept no liability for any losses or consequences resulting from reliance on this material.
Trading involves risks and may not be suitable for all investors. Use your expertise wisely and evaluate all associated risks before making an investment decision. Past performance is not a reliable indicator of future results.
Availability of products and services may vary by jurisdiction. Please ensure compliance with your local laws before accessing them.

Hashtag: #Octa

The issuer is solely responsible for the content of this announcement.

Octa

is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In Southeast Asia, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

Singaporean lithium-ion battery maker Durapower plans for U.S. manufacturing presence as part of global expansion

  • Seeking collaboration partners to establish a manufacturing facility in U.S. for its lithium-ion battery solutions
  • Participating in Advanced Clean Transportation Expo (“ACT Expo”) event from 28 April to 1 May 2025 in Anaheim, California to showcase battery solutions for the North American market

SINGAPORE, April 28, 2025 /PRNewswire/ — Singaporean lithium-ion battery cell and pack manufacturer, Durapower Technology (Singapore) Private Limited (“Durapower” or the “Company“) is exploring to setup a local manufacturing facility in the U.S, as part of its global expansion plans.

The Company is currently looking for potential joint venture partners for its U.S. manufacturing facility and hopes to initiate discussions at the Advanced Clean Transportation Expo (“ACT Expo“) event in Anaheim, California from 28 April 2025 to 1 May 2025, where it will showcase its wide range of battery technologies and solutions for the North American market. Additionally, Mr. Sanjay Bakshi, Durapower’s Group Director and Head of the North America market, will be attending the Select USA Investment Summit in Washington, D.C. from 11 – 14 May 2025.

Mr. Kelvin Lim, Chief Executive Officer of Durapower Group commented, “With our strong expertise in battery technology and rich portfolio of products and services, we believe that now is the right time to start planning our foray into the U.S market. The U.S. market is an important market that may present abundant opportunities for our future growth plan, and we look forward to exploring local partnerships in the U.S. and expanding Durapower’s global manufacturing footprint and product presence.”

Durapower is a Singaporean battery cell developer and manufacturer of lithium-based energy storage solutions with more than 15 years of track record in the automotive, ESS and marine industry. With its presence across 25 countries in Europe and Asia, Durapower’s high quality and performance battery solutions have been deployed in hundreds of vehicles, vessels and energy storage systems worldwide. It has multiple manufacturing bases around the world and boasts a strong safety track record to date with more than 1 billion electric kilometers driven.

Durapower develops battery technology research, owns proprietary manufacturing knowhow, and has also established international collaborations to support the development of scalable and sustainable batteries for the circular economy. The Company’s battery solutions enable critical applications with high performance, long life and safe operation, and serve the following four major market segments:

  • E-mobility – Focused on last mile delivery fleets to commercial vehicles like buses and trucks
  • Specialty – Industrial, port electrification and heavy vehicles to Automated Guided Vehicles (“AGV”)
  • Marine –All types and sizes of maritime vessels, including modular batteries for retrofitting of diesel vessels to electric
  • Stationary – Energy Storage Systems (“ESS”)

In addition to its constant R&D into battery technology, Durapower’s cutting-edge technological innovations include DP Pulse, a remote battery monitoring digital solution which combines revolutionary machine learning models with big data to further enhance customer use cases by improving battery health visibility and supporting predictive maintenance, thus enabling a higher uptime and peace of mind.

About Durapower Group             (www.durapowergroup.com)

Headquartered in Singapore, Durapower offers closed-loop, end-to-end energy storage solutions for the electric mobility and renewable energy applications including on and off-road Electric, Hybrid and Plug-in Hybrid Electric Vehicles, electric marine vessel and stationary energy storage solutions. Since 2009, Durapower has been a leading innovator of Lithium-Ion cell technology, focusing on the research and development of battery materials, battery cell manufacturing and system integration.

With a global presence spanning 25 countries and 70 cities, including European countries, China, India and Southeast Asia. Durapower Group strives to make scalable, sustainable batteries that support the circular economy, empowering lives and transforming the future towards a carbon neutral economy.

BlueFocus CEO Fei Pan: “We Aim to Become a True Global AI Marketing Technology Company”

BEIJING, April 28, 2025 /PRNewswire/ — Recently, BlueFocus released its 2024 Annual Report, recording a total revenue of RMB 60.797 billion for the year, marking a 15.55% year-on-year increase and making it the first marketing company in China to surpass the RMB 60 billion milestone. Below are selected highlights from “A Letter to Our Investors” by BlueFocus CEO Fei Pan.

Fei Pan's quote on company strategy
Fei Pan’s quote on company strategy

Dear Investors,

This year marks the 15th anniversary of BlueFocus’s public listing, and the forthcoming 30th anniversary of our founding. From our origins as a modest local company, we have steadily grown into one of the world’s top ten Marketing and Communications Groups—a transformation made possible by your enduring support, trust, and encouragement. On behalf of the entire BlueFocus Group, I extend my deepest gratitude.

China’s marketing industry has reached a scale of over RMB 1 trillion, and the global outbound market is of comparable size. Together, these two trillion-RMB arenas now stand at the cusp of a historic transformation, one that will be fundamentally reshaped by Artificial Intelligence (AI). What does a reimagined BlueFocus look like? It means transforming ourselves into a true AI-powered Marketing Technology company, breaking away from the traditional logic and business models that have defined marketing since its inception. It means becoming a global company, rooted in China and built to thrive on the world stage. It means growing into an enterprise of RMB 100 billion scale, one that combines technological DNA with global imagination. This is not merely a vision, but a clear and deliberate pursuit.

Next, I would like to share our current position and outlook, centered around two key questions that may be top of mind for many of you.

First question: At a time when everyone is declaring they’re “All in AI”, what is the real value behind BlueFocus’s All in AI strategy? And more importantly, what does it truly mean to be All in AI?

Today, AI has deeply integrated into more than 95% of BlueFocus’s operational scenarios, driving efficiency gains across integrated marketing, intelligent advertising, and our global outbound business, with improvements ranging from 60% to 1000%. Our goal is clear: to fundamentally restructure everything through an “AI Native” approach and logic, reimagining business scenarios, redefining and inventing new business models, reshaping the talent-to-business structure, and rebuilding our organizational structure and culture. For BlueFocus at this stage, these are elements far more important than the raw numbers behind cost reduction and efficiency gains:

It starts with real, sustainable business scenarios. These are environments where AI capabilities are continuously iterated through practical application, and where both process and outcome data can be labeled and refined. Today, BlueFocus uses AI to generate nearly 80,000 pieces of content each week across data analysis, content creation (text, images, video, and multimodal formats), and code generation. Our AI tools currently support around 600 clients, and in the past year alone, we executed over 1,500 AI-driven cases. On the revenue side, AI-enabled revenue has grown more than tenfold, reaching RMB 1.2 billion. We expect to achieve RMB 3 to 5 billion in AI-driven revenue by 2025.

It requires a truly self-developed AI platform and model. BlueAI is fast becoming the new engine that powers AI-driven applications across BlueFocus. It is our proprietary AI platform, our own “multimodal AI model for marketing,” purpose-built to meet BlueFocus’s strategic needs. BlueAI now supports more than half of BlueFocus’s project cases across both global and domestic marketing scenarios. Internally, we have incubated approximately 100 AI agents to scale and deepen our capabilities. Looking ahead, we aim to build on our growing base of content-scale data to power a self-reinforcing data flywheel, from factual data annotation, to content creation and delivery, to continuous deep learning. Our ambition is for BlueAI to become the most competitive model in the marketing industry and the next strategic engine of BlueFocus.

It builds on true AI infrastructure and robust data systems. By the end of this year, BlueFocus is projected to label over 200 million data records across marketing scenarios, with API token usage approaching hundreds of billions in scale. Coupled with the growing pool of process, operational, and media performance data accumulated across our business middleware systems, we are laying the groundwork for “emergent intelligence” under the new AI paradigm.

It takes deep organizational transformation and a bold talent strategy shift. At the organizational level, AI has become a hard-coded standard embedded in recruitment, promotion, and incentive structures. “No AI, No Bonus, No Promotion” is not just a slogan, but a decision-making principle that guides how we operate. Today, BlueFocus already has nearly 300 product and technology professionals and 200 AI Native seed talents. They are our strategic safeguard in becoming AI Native, and the foundation of our innovation.

With real scenarios, datasets, technology platforms, and a fundamental shift in organizational paradigms, we are methodically constructing durable vertical moats, barriers that differentiate us not only from general-purpose foundation models but also from competitors within our own industry.

Second question: Amid ongoing trade tensions, how should we think about and respond to the challenges facing our large-scale global outbound business?

Based on in-depth conversations with multiple clients, the broader industry is proactively embracing market diversification, accelerating expansion into high-average-order-value markets in Europe, high-growth regions like Southeast Asia, and fast-emerging opportunities in Latin America. Market volatility, while challenging, often reveals strategic openings for those positioned to move with agility. We remain confident in both the long-term trajectory of global e-commerce and the continued expansion of BlueFocus’s outbound business in 2025.

In 2024, we officially launched our Global Outbound Business 2.0 strategy. So, what does 2.0 signify for us? In short, it marks a shift away from a traditional agency-driven model toward one that is powered by technology, AI, and localized operations, ushering in a new era of proprietary traffic development and self-built competitive infrastructure. We see tremendous opportunities in both traffic structure and customer base. So far, our outbound team has built a customer base of nearly 100,000. Across this vast client pool, we are seeing growing marketing budgets and increasingly diversified demands, indicating that any partner capable of offering new capabilities stands a real chance of capturing new budget streams. Finally, in a global landscape shaped by diverse cultural and socio-economic contexts, resource and information barriers remain high. This is precisely why we continue to invest in building local offices.

As we look to the future, powered by the synergy of our AI strategy and Globalization 2.0, BlueFocus will continue to unlock new, high-quality incremental markets—breaking through the valuation limits that have long defined traditional marketing. Our ambition is to evolve into a Marketing Technology company rooted in technological DNA and guided by global vision—ultimately serving as a defining Chinese example in the evolution of the global marketing industry.

Lexar hosts international technology media tour in Zhongshan Industrial Park

SHENZHEN, China, April 28, 2025 /PRNewswire/ — Lexar, a global consumer brand of data storage solutions conducted a 2-day media event participated by a select group of journalists from leading international technology publications, April 23-24, Zhongshan, China.

Lexar’s wide-range of products cater to the needs of professional photographers, filmmakers, content creators, gamers and mainstream audiences. In October 2024, it launched a new line of digital picture frames under its sub-brand pexar. Some Lexar products for the global market are produced in its near 50,000 m(2) Zhongshan factory, in operation since 2019.

Ryan Li, CEO of Lexar, met with media members to provide executive insights into the company’s industry leadership and future trajectory as one of the most advanced factories for producing digital memory products.

While much of the leading consumer technology products in the world are produced in China, journalists from international media outlets are rarely able to visit factories. Lexar utilized this opportunity to not only showcase its industry-leading products to top global tech media outlets, but also to demonstrate the company’s innovation and high standards in its production process.

The tour was part of Shenzhen Global Connect Innovation Week, a technology showcase event organized by iMpact, a communications and business consulting firm helping global companies localize their operations in key markets.

Sixteen journalists from around the world participated in the Lexar factory tour, representing technology focused media from outlets including Trusted Reviews, Tom’s Guide, Android Police, ZDNet, Bloomberg and more.

During the media tour, the group visited the production lines focused on Lexar’s module products manufacturing. This was followed by a visit to the Lexar Quality Labs, where much of the rigorous testing for all Lexar products takes place. Before lunch the group was treated to a hands-on demonstration of the company’s key products for each category, armed with a better understanding of how they are made.

The tour wrapped up with a visit to the Memory History Museum, located inside the factory complex. It displays the significance and historicial connections between the storage memory with history and culture.

“It’s easy to take for granted the amount of innovation, dedication, and investment that goes into the consumer tech products we use on a daily basis,” noted one of the journalists on the tour. “We’re extremely grateful to Lexar for inviting us into their factory to see first-hand why they are one of the world’s leading brands in digital memory technology.”

About Lexar

For more than 28 years, Lexar has been trusted as a leading global brand of memory solutions. Its award-winning lineup includes memory cards, USB Flash Drives, card readers, solid-state drives, and DRAM.

Media Contact

Katherine Zhang
lexarbm@lexar.com

 

2025 AACR | Abbisko Therapeutics Presents Late-Breaking Pre-clinical Research Results on ABSK112 (EGFR exon20ins), ABSK131 (PRMT5*MTA), and ABK-KRAS-1

SHANGHAI, April 28, 2025 /PRNewswire/ — Abbisko Therapeutics Co., Ltd. (Abbisko Therapeutics 02256.HK) today announced that it has presented four late-breaking pre-clinical research posters at the 2025 AACR conference held in Chicago, Illinois (USA) from April 25 to April 30. Results were shared for ABSK112 (EGFR exon20ins inhibitor), ABSK131 (PRMT5*MTA inhibitor), and ABK-KRAS-1 (pan-KRAS inhibitor), as well as results from a study investigating potential resistance mechanisms to KRAS G12C inhibitors.

Abbisko presented the following posters at the 2025 AACR:

Title1: Preclinical Evaluation of ABSK112, a Selective and CNS-penetrant Compound with Strong HER2 Inhibitory Activity for Treating HER2-Driven Solid Tumors

Session Category: Late-Breaking Research: Experimental and Molecular Therapeutics 2

Session Date and Time: April 28, 2025, 2:00 PM – 5:00 PM (CDT)

Location: Poster Section 54

Poster Board Number: 14

Poster Number: LB240

Conclusion:

Our findings establish ABSK112 as a potent, selective and CNS-penetrant HER2 inhibitor, warranting further clinical evaluation of it as a monotherapy or in combination with HER2-targeted ADCs for the treatment of HER2+ cancers with brain metastases.

Title 2: Loss-of-Function (LoF) of KEAP1 promotes cell survival through multiple mechanisms, leading to resistance to KRAS G12C inhibitors

Session Title: Late-Breaking Research: Experimental and Molecular Therapeutics 3

Session Date and Time: April 29, 2025 9: 00AM – 12: 00 PM (CDT)

Location: Poster Section 52

Poster Board Number: 1

Poster Number: LB278

Conclusion:

KEAP1 LoF mutant NSCLCs develop resistance to KRAS G12C inhibitors through reduced drug-induced ROS accumulation, metabolic adaptation, and sustained activation of MAPK and AKT signaling. Combination therapies targeting glutamine metabolism (e.g., GLS1 inhibitors), MAPK (e.g., MEK inhibitors), and PI3K-AKT-mTOR pathways (e.g., BEZ235) reverse resistance and improve therapeutic efficacy in KEAP1-mutant cell lines. These strategies may restore sensitivity to KRAS G12C inhibitors and enhance clinical outcomes.

Title 3: The MTA-Cooperative PRMT5 Inhibitor ABSK131 Exhibits Potent Activity and Broad Synergistic Potential in MTAP-Deleted Cancer Models

Session Category: Late-Breaking Research: Experimental and Molecular Therapeutics 4

Session Date and Time: April 30, 2025 9:00 AM – 12:00 PM (CDT)

Location: Poster Section 51

Poster Board Number: 9

Poster Number: LB427

Conclusion:

ABSK131 exhibits strong anti-tumor activity in MTAP-deleted lung and pancreatic cancer models and synergizes effectively with multiple therapeutic agents. These findings support the continued clinical development of ABSK131 as both a monotherapy and in combination regimens for MTAP-deleted cancers.

Title 4: Discovery and characterization of a highly potent and orally available small-molecule inhibitor for diverse KRAS mutations

Session Category: Late-Breaking Research: Experimental and Molecular Therapeutics 4

Session Date and Time: April 30, 2025 9:00 AM – 12:00 PM (CDT)

Location: Poster Section 51

Poster Board Number: 13

Poster Number: LB431

Conclusion:

Taken together, ABK-KRAS-1 exhibits broad in vitro activity against different KRAS mutations and induces dose-dependent tumor regression in KRAS mutated xenograft models. Moreover, ABK-KRAS-1 possesses favorable drug-like properties. Here, ABK-KRAS-1 is presented as a promising therapeutic candidate for the treatment of cancers harboring KRAS mutations.

About Abbisko Therapeutics

Founded in April 2016, Abbisko Therapeutics Co., Ltd. (HKEX: 02256.HK), is an oncology-focused biopharmaceutical company based in Shanghai that is dedicated to the discovery and development of innovative medicines to treat unmet medical needs in China and globally. The Company was established by a group of seasoned drug hunters with rich research & development and managerial expertise from top multinational pharmaceutical companies. Since its founding, Abbisko Therapeutics has built an extensive pipeline of innovative programs focused on precision oncology and immuno-oncology.

Please visit www.abbisko.com for more information.

Sungrow Wins the iF Design Award 2025 for Its All-New 1+X 2.0 Modular Inverter

MUNICH, April 28, 2025 /PRNewswire/ — Sungrow, the global leading PV inverter and energy storage system provider, announced that it won the 2025 iF Design Award for its flagship project, the all-new 1+X 2.0 Modular Inverter. Selected from over 10,000 entries worldwide, it is the first modular inverter ever to receive this renowned recognition—often referred to as the “Oscars of the design world.”

1+X 2.0 Modular Inverter iF Design Award
1+X 2.0 Modular Inverter iF Design Award

The iF Design Award jury evaluates entries based on criteria including differentiation, form, function, innovation, and sustainability. The 1+X 2.0 Modular Inverter impressed the panel with its groundbreaking modular architecture, intelligent features, and commitment to full lifecycle sustainability. This pioneering solution redefines the future of utility-scale PV inverters—setting a new benchmark in both design and performance.

Small Module, Mega Impact

The 1+X 2.0 Modular Inverter provides increased modularity compared to the previous version. With each unit having a power rating of 800kW, the inverter provides flexible scalability from 800kW to 9.6MW (single unit to 12 units in parallel). This results in great flexibility, which covers various scenarios.

The product’s split modular design isolates critical components (IGBTs, capacitors) in the upper inverter module for quick field replacement. Operation and Maintenance (O&M) time is slashed to one hour per module swap—the easy O&M enables field engineers to perform quick replacements.

With the AI-powered diagnostics function, the 1+X 2.0 Modular Inverter provides real-time fault identification, eliminating manual troubleshooting and delays, accelerating repairs, and minimizing reliance on manpower.

AI-Driven Intelligence for Worry-Free O&M

The 1+X 2.0 Modular Inverter integrates advanced technologies such as AI-driven fault detection, automated air duct cleaning, and intelligent IV curve analysis, to minimize manual intervention and optimize operational efficiency. It can accurately identify and locate over 20 types of faults, reducing reliance on manpower.

Meanwhile, its self-cleaning air duct system automatically eliminates debris at the intake, removing the need for routine manual cleaning. The built-in smart IV diagnosis capability enables real-time, non-intrusive system checks without shutdowns or additional servers, further enhancing refined, digital, and intelligent O&M for utility-scale PV plants.

Sustainability from Start to Finish

From material selection and manufacturing to transportation, installation, operation, and maintenance, the 1+X 2.0 Modular Inverter is engineered for sustainability at every stage. Grid-forming can be used to provide power during plant construction and commissioning by forming a microgrid within or across several inverter blocks. This eliminates the need for diesel generators, accelerates the lead time of grid connection, maximizes power generation for the lifecycle of the project, and reduces emissions.

Moreover, the 1+X 2.0 Modular Inverter boasts a significantly smaller footprint than traditional inverters and reduces material consumption by 15%. Its modular and separable design allows for rapid on-site assembly and disassembly, supporting easy maintenance, part-level reuse, and a greener project lifecycle.

Beyond performance and sustainability, the 1+X 2.0 Modular Inverter achieves a perfect harmony between functionality and aesthetics. Its minimalist design blends clean circular and square elements with a modern white-gray color contrast, striking a balance between technological sophistication and user-friendly appeal. The integrated design between the display panel and rounded-corner ventilation openings not only enhances visual coherence but also improves maintenance accessibility. A black display panel ensures excellent visibility even under intense sunlight, enabling users to quickly read system status at a glance.

The visitors of Intersolar Europe 2025 (7-9 May) will have the opportunity to explore the all-new 1+X 2.0 Modular Inverter at the Sungrow booth (B3.310, B3.410).

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of December 2024, Sungrow has installed 740 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the world’s most bankable energy storage company (BloombergNEF). Its innovations power clean energy projects in over 180 countries, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com.

Media Contact

Mina Zhang
mina.zhang@cn.sungrowpower.com 

Thunes Raises USD 150 Million in Series D, Led by Apis Partners and Vitruvian Partners

SINGAPORE, April 28, 2025 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, is proud to announce the successful raise of its $150 million Series D, the largest in its history, at a substantial valuation increase over its last round. Amid one of the most challenging capital markets environments of recent times, this milestone was achieved in record time.

Thunes proudly welcomes Apis Partners and Vitruvian Partners, two leading private equity firms, both globally recognized for their deep expertise in financial services and emerging markets.

Now profitable and maintaining strong growth momentum, Thunes plans to leverage this capital to supercharge its expansion in the United States, supported by the recent acquisition of licenses across 50 U.S. States, subject to regulatory approval.

These funds will further strengthen Thunes’ Direct Global Network, which today spans 130+ countries, 80+ currencies and 550+ direct integrations, enabling real-time payments across complex and exotic markets.  As cross-border payments swell towards a $150 trillion market opportunity, Thunes stands well positioned to continue to capture a growing share.

Through cutting-edge technology, industry-leading compliance standards, and a seamless customer experience, Thunes continues to make diverse payment systems, including traditional, digital, and emerging currencies, interoperable. With a vision to include the “next billion end users” in emerging markets, Thunes aims to be the go-to solution for fast, secure, and cost-effective cross-border payments, connecting billions of wallets and thousands of partners worldwide.

Floris de Kort, CEO of Thunes, stated, “Thunes’ latest funding round is a clear validation of our strategy and our commitment to sustainable growth. Our performance, marked by a Revenue run-rate of $150 million and positive EBITDA, demonstrates our ability to balance rapid expansion with financial prudence, even in a tumultuous market. This new capital enables us to extend our Direct Global Network, including in the United States, drive technological innovation, from Artificial Intelligence to digital asset ecosystem interoperability, and deliver superior value to the Members of our proprietary Network. In a challenging funding environment, our progress and resilience set a new industry standard.”

Matteo Stefanel, Managing Partner & Co-Founder at Apis Partners, commented, “Thunes has revolutionized global cross-border payments by seamlessly integrating robust technology with a disciplined financial strategy that inspires confidence. The company’s impressive growth record and positive EBITDA performance, even in these unprecedented times, clearly underpin the trust of its Members and their ability to scale effectively. We have been closely monitoring Thunes’ remarkable journey and are consistently impressed by the team’s innovative approach, operational rigor, and strategic foresight. Thunes’ pursuit of excellence redefines industry standards and sets a high bar for reliability and performance in global payments. Lastly, we are especially proud of the work Thunes is doing in accelerating access to affordable financial services across the next billion users in emerging markets, and for Apis to play a small part in continuing this journey.”

Tassilo Arnhold, Partner at Vitruvian Partners, said: “We are proud to partner with the visionary team at Thunes as they build a transformative platform that effectively bridges traditional banking, mobile wallets, and digital assets into one unified solution. At Vitruvian Partners, we value strategic vision, resilience, and commitment to innovation, all of which Thunes exemplifies in every aspect of its operations. They consistently demonstrate the ability to navigate complex market conditions while setting new standards for efficiency and transparency. We are delighted to support Thunes in their mission to continuously set and exceed industry benchmarks, thereby redefining the future of global cross-border payments.”

Thunes’ series D fundraising underscores its financial strength and operational excellence. The company is now set to redefine the standards of global cross-border payments, forging new pathways for growth and innovation in a rapidly evolving fintech landscape.

Proton Partners served as financial advisors on this transaction.

 

YeePay Showcases Full-Stack Global Payment Solutions at Money20/20 Asia 2025 in Bangkok

BANGKOK, April 28, 2025 /PRNewswire/ — YeePay, a leading provider of digital payment and enterprise financial solutions, successfully participated in Money20/20 Asia, one of the world’s premier fintech events.

With a focus on “Empowering Tomorrow: Building a Secure, Seamless, and Sustainable Fintech Ecosystem for Asia,” the event brought together over 4,000 senior leaders from banking, payments, fintech, retail, startups, and regulatory sectors to explore the future of financial innovation across the region.

During the event, YeePay engaged with global banks, financial institutions, and technology providers to share its 22 years of enterprise payment expertise and present its intelligent, efficient, and secure end-to-end solutions for cross-border trade. These solutions address complex financial needs such as global collections, payouts, virtual accounts, and FX fund management for enterprises expanding internationally.

“As global trade shifts from single-point direct exports to multi-point re-export models due to geopolitical changes, Chinese enterprises are accelerating their international strategies by establishing overseas factories and trade entities,” said Hua Lei, Senior Vice President and Head of International Business at YeePay.

“However, this new model brings new pain points, including fragmented account management, slow cross-border fund movement, and FX volatility. At YeePay, we integrate our payment infrastructure, deep industry insight, and smart treasury capabilities to deliver a one-stop global transaction network.”

With features such as real-time multi-currency clearing, intelligent FX routing, and multi-level account systems, YeePay empowers businesses with full visibility and control over international funds, supporting long-term growth and global agility.

YeePay continues to advance its dual-engine strategy of internationalization and intelligentization. With 22 years of experience and over 5 million enterprise clients served, its global payment network now spans seven key sectors, including trade and travel. YeePay processes over USD 50 billion in annual cross-border transactions, supports nine major currencies and multiple emerging-market currencies, and enables payouts to over 130 countries and regions, all through a unified transaction processing platform.

As digital transformation and globalization accelerate, YeePay remains committed to strengthening global partnerships and delivering smart, customized solutions to help businesses grow across borders.

About YeePay 

Founded in 2003YeePay is a leading enterprise payment service provider in China, offering secure, innovative, and intelligent transaction solutions across industries such as airlines & travel, retail, fintech, and cross-border commerce. Focused on financial inclusion and technological advancement, YeePay empowers businesses with seamless digital financial services.

Learn more at: global.yeepay.com