About Tuum
Tuum is a company based in Tallinn (Estonia) founded in 2019 by Rivo Uibo, Ove Kreison, Jan Lakspere, and Juri Kirme. Tuum has raised $49.76 million across 5 funding rounds from investors including Speedinvest, Plug and Play Tech Center and Portage. The company has 82 employees as of September 30, 2024. Tuum offers products and services including Core Banking Platform and Business Builder. Tuum operates in a competitive market with competitors including ION Group, nCino, Ohpen, Nymbus and Backbase, among others.
- Headquarter Tallinn, Estonia
- Employees 82 as on 30 Sep, 2024
- Founders Rivo Uibo, Ove Kreison, Jan Lakspere, Juri Kirme
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
$3.99 M (USD)103as on Dec 31, 2023
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Net Profit
-$6.89 M (USD)-13as on Dec 31, 2023
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EBITDA
-$6.87 M (USD)-12as on Dec 31, 2023
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Total Equity Funding
$49.76 M (USD)
in 5 rounds
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Latest Funding Round
Not available
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Investors
Speedinvest
& 9 more
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Employee Count
82
as on Sep 30, 2024
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Products & Services of Tuum
Tuum offers a comprehensive portfolio of products and services, including Core Banking Platform and Business Builder.
Modular system for managing bank operations and launching new products.
Tool for setting up banking models and distribution strategies.
Funding Insights of Tuum
Tuum has successfully raised a total of $49.76M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Tuum
Tuum has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Speedinvest, Plug and Play Tech Center and Portage.
| Investor | Description | Founded Year | Domain | Location |
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Corporate venture capital firm backed by Citi
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Venture capital funding is provided to FinTech startups by CommerzVentures.
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Early-stage venture capital and startup acceleration are provided.
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Investor details for Tuum
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Investments & Acquisitions by Tuum
Investment portfolio details for Tuum
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Financial Statements - Tuum
Detailed financials for Tuum
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Tuum Comparisons
Peer comparison for Tuum
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Competitors of Tuum
Tuum operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ION Group, nCino, Ohpen, Nymbus and Backbase, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Treasury management solutions are provided for financial institutions and banks.
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Cloud-based API platform for banking operations is provided.
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| Locked | Locked | Locked |
Developer of cloud-based core banking platform for retail mutual funds and savings accounts
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| Locked | Locked | Locked |
Cloud-based core banking solutions are offered to financial institutions.
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AI-powered banking platforms are provided for operational growth.
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Detailed competitors of Tuum
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Latest news on Tuum
Complete news archive for Tuum
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Frequently Asked Questions about Tuum
Tuum was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Tuum is headquartered in Tallinn, Estonia.
Myles Bertrand is the current CEO of Tuum.
Tuum is a funded company, having raised a total of $49.76M across 5 funding rounds to date.
As of Sep 30, 2024, the latest employee count at Tuum is 82.
Annual revenue of Tuum is $3.99M as on Dec 31, 2023.
Tuum was founded in 2019 in Tallinn, Estonia, as a provider in the fintech sector. A cloud-native, API-first core banking platform is offered, built on microservice architecture with independent modules. End-to-end banking processes are covered, including accounts, lending, payments, and cards. Multiple business lines are supported from a single system, with access to a pre-configured ecosystem of partner solutions.
Tuum's top competitors include nCino, Thought Machine and Finxact.
Tuum offers Core Banking Platform and Business Builder.
Tuum has 10 investors. Key investors include Speedinvest, Plug and Play Tech Center, Portage, LHV Bank, and Citi Ventures.