Tuum raised EUR25M in a Series B funding round led by CommerzVentures with strategic investment from Citi Ventures to expand international presence and accelerate product and market development.
Tuum raised EUR25M in a Series B funding round led by CommerzVentures with strategic investment from Citi Ventures to expand international presence and accelerate product and market development.
03/14/24, 8:54 AM
Location
tallinnMoney raised
€25 million
Industry
banking
lending
fintech
financial services
Round Type
series b
Investors
Commerz Ventures, Citi Ventures
Tuum, a leading next-generation core banking provider, announced a strategic investment from Citi Ventures as part of an extension to its EUR25 million Series B fundraising round led by CommerzVentures. The funding will be used to expand Tuum's international presence in the DACH region, Southern Europe, and the Middle East, as well as to accelerate investment in its market-leading solution.