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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.

Mar 14, 2024•over 1 year ago

Amount Raised

€25 Million

Round Type

series b

TallinnBankingLendingFintechFinancial Services

Investors

Commerz VenturesCiti Ventures

Description

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.

Company Information

Company

Tuum

Location

Tallinn, Harju Maakond, Estonia

About

Tuum is the leading next-generation core banking provider, working with banks to ease their digital transition onto cheaper, flexible systems, with a customer base across 10 countries.

FundzWatch™ Score

84
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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