Tuum Raises €15M in Series A Funding
- Tuum, a Tallinn, Estonia-based core banking platform, raised €15m in Series A funding
- The round was led by Portage Ventures joined by existing investors Blackfin Capital Partners and Karma Ventures
- The company intends to use the funds to continue investing in product innovation and support global growth, focusing initially on strengthening its EU and UK presence
- The new funding announcement follows a robust year of growth, with Tuu m’s contracted annual recurring revenue increasing more than 3 times in 2021 compared to the previous year
- The company is a next-generation core banking technology provider
- The company has acquired customers throughout Europe and currently employs over 70 people in Tallinn, Berlin, Malaga and London
