FinovateEurope 2024 / Tuum
Presenter Profile:
How they describe themselves: Founded in 2019 by banking pioneers, Tuum is a next generation core banking software provider helping banks modernise outdated systems, open new revenue streams and build new business models. With a strong presence in the UK and Nordics, with recent expansion into the Middle East, Tuum serves customers across 10 countries. Tuum’s mission is to allow banks to replace legacy systems quickly, lower maintenance spending, and open new possibilities to prosper in the digital world.
How they describe their product/innovation: Tuum offers a modular, cloud-native, API-first banking platform with a microservices architecture for high scalability and flexibility and lower maintenance costs. As well as being built using the latest advancements in technology, Tuum has rich functionality including accounts, lending, payments and card modules going far beyond core banking. Banks can operate multiple business lines all from a single platform and Tuum is highly configurable, enabling rapid speed to market of new products and offerings.
Product distribution strategy: Direct to Business (B2B), Through financial institutions, Through other fintech companies and platforms
Credit Union/Community Bank Fit: Credit Unions, Community Banks
Contacts:
Bus. Dev.: Richard Weston (Sales Director), richard.weston@tuum.com
Press: Amanda Steward (Head of Product Marketing), amanda.steward@tuum.com, +44 (0)7740 565581
Website: tuum.com
LinkedIn: linkedin.com/company/tuumplatform
HQ: UK
Founded: 2019
Product Demoed: Tuum
Metrics: Funding: Garnered €4M in late Seed funding, followed by €15M in a Series A round. Notable investors include Portage Ventures, BlackFin Capital Partners, and Karma Venture. Revenue: Over the last 3 years Tuum has demonstrated a CAGR of over 250%. Headcount: Circa 100 employees.
Raising Funding: Series B
Presenters: Neil Bradford, Senior Solutions Consultant | Richard Weston, Sales Director
- Key Executives
Myles Bertrand (CEO), Edgardo Torres-Cabellero (CRO), Ove Kreison (Co-Founder & CTO), Jan Lakspere (Co-Founder & CPO), Rivo Uibo (Co-Founder & Chief Business Officer )
Key Stats
- Key Board Members
Hélène Falchier (Partner, Portage Ventures), Michele Foradori (Investment Director, BlackFin Capital Partners), Margus Uudam (Founding Partner, Karma Ventures)
- Key Investors
Portage Ventures, BlackFin Capital, Karma Ventures
- Key Advisory Board Members
Hélène Falchier (Partner, Portage Ventures), Michele Foradori (Investment Director, BlackFin Capital Partners), Margus Uudam (Founding Partner, Karma Ventures)
- Key Partners
ABC-TECH, AMLYZE, AWS, Banking Circle, Bricknode, CENTROlink, Currency Cloud, DLT Finance, Endava, Entersekt, Fourthline, Hawk AI , Hysab Kytab, LHV, Marqeta, Nets, New Era Partner Ecosystem, Numeral, Paymentology, Plumery, Qualco , Salt Edge, Salv, Senacor Technologies AG, Trifork , Veriff
- Key Customers
LHV, Silverbird, Ferratum, Januar, Creditnord, Finland Tier 1 Bank (NDA), Three new clients secured in Dec. and Jan. (under NDA)