Citi Ventures has become a strategic investor in Tuum in an extension to the Series B funding round Tuum announced in February. Together with its investment, Citi Ventures will introduce Tuum to key stakeholders within Citi, the bank, to explore commercialization opportunities, Tuum said in a Thursday (March 14) press...
Core banking platform Tuum has raised $26 million to expand to new parts of Europe. The Estonian company’s Series B funding round, announced Tuesday (Feb. 6), will allow the company to target new territories in central and southern Europe and the Middle East, enhance its direct sales and...
LHV Bank has implemented an upgraded loan system for its small and medium-sized business (SMB) lending division. The U.K. licensed bank has partnered with cloud-native platform Tuum to transition to a cloud-based banking system, LHV Bank said in a Thursday (Sept. 7) post on LinkedIn. This move is aimed at...
Tuum and Marqeta have partnered to help European banks and FinTechs build flexible card programs. The combination of Tuum’s core banking solution and Marqeta’s digital payment experiences will enable Tuum to offer its customers a pre-integrated FinTech solution that will accelerate their time to market,...
March 18, 2024
Embedded payments, embedded lending and a continuing shift to virtual cards all demand a reconsideration of technical infrastructure. Banks, grappling with legacy back-end systems, and FinTechs, seeking to innovate within financial services — and smaller businesses aiming to engage with their end markets — have seen a rush of providers streamlining those efforts, with notable […]
March 14, 2024
Citi Ventures has become a strategic investor in Tuum in an extension to the Series B funding round Tuum announced in February. Together with its investment, Citi Ventures will introduce Tuum to key stakeholders within Citi, the bank, to explore commercialization opportunities, Tuum said in a Thursday (March 14) press release. “This investment from one of the largest banking groups […]
February 06, 2024
Core banking platform Tuum has raised $26 million to expand to new parts of Europe. The Estonian company’s Series B funding round, announced Tuesday (Feb. 6), will allow the company to target new...
September 07, 2023
LHV Bank has implemented an upgraded loan system for its small and medium-sized business (SMB) lending division. The U.K. licensed bank has partnered with cloud-native platform Tuum to transition to a cloud-based banking...
June 22, 2023
Tuum and Marqeta have partnered to help European banks and FinTechs build flexible card programs. The combination of Tuum’s core banking solution and Marqeta’s digital payment experiences will enable Tuum...
