Tuum

Tallinn, Estonia Founded: 2019 • Age: 7 yrs
Cloud-native API-first core banking platform is provided for banks.
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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
  • Sectors
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Financial Services → FinTech & Digital Finance → →
Key Metrics
  • Annual Revenue
    $3.99 M (USD)
    103
    as on Dec 31, 2023
  • Net Profit
    $-6.89 M (USD)
    -13
    as on Dec 31, 2023
  • EBITDA
    $-6.87 M (USD)
    -12
    as on Dec 31, 2023
  • Total Equity Funding
    $49.76 M (USD)

    in 5 rounds

  • Latest Funding Round
  • Investors
    Speedinvest

    & 9 more

  • 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

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.

  • Total Funding
  • Total Rounds 5
  • Last Round
  • First Round

    (09 Dec 2020)

  • Investors Count 10
Date Amount Transaction Name Valuation Lead Investors Investors
Mar, 2024 Amount Series B - Tuum Valuation Citi Ventures
Feb, 2024 Amount Series B - Tuum Valuation CommerzVentures
Speedinvest
Apr, 2022 Amount Series A - Tuum Valuation LHV
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Citi Ventures
Corporate venture capital firm backed by Citi
Founded Year Domain Location
CommerzVentures
Venture capital funding is provided to FinTech startups by CommerzVentures.
Founded Year Domain Location
Speedinvest
Early-stage venture capital and startup acceleration are provided.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Tuum

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Tuum

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Tuum Comparisons

Employees
+
Add Comparison
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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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
ION Group
domain founded_year HQ Location
Treasury management solutions are provided for financial institutions and banks.
nCino
domain founded_year HQ Location
Cloud-based API platform for banking operations is provided.
Ohpen
domain founded_year HQ Location
Developer of cloud-based core banking platform for retail mutual funds and savings accounts
Nymbus
domain founded_year HQ Location
Cloud-based core banking solutions are offered to financial institutions.
Backbase
domain founded_year HQ Location
AI-powered banking platforms are provided for operational growth.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Tuum

Frequently Asked Questions about Tuum

When was Tuum founded?

Tuum was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is Tuum located?

Tuum is headquartered in Tallinn, Estonia.

Who is the current CEO of Tuum?

Myles Bertrand is the current CEO of Tuum.

Is Tuum a funded company?

Tuum is a funded company, having raised a total of $49.76M across 5 funding rounds to date. The company's 1st funding round was a Series A of $1.08M, raised on Dec 09, 2020.

How many employees does Tuum have?

As of Sep 30, 2024, the latest employee count at Tuum is 82.

What is the annual revenue of Tuum?

Annual revenue of Tuum is $3.99M as on Dec 31, 2023.

What does Tuum do?

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.

Who are the top competitors of Tuum?

Tuum's top competitors include nCino, Thought Machine and Finxact.

What products or services does Tuum offer?

Tuum offers Core Banking Platform and Business Builder.

Who are Tuum's investors?

Tuum has 10 investors. Key investors include Speedinvest, Plug and Play Tech Center, Portage, LHV Bank, and Citi Ventures.

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