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.
Amount Raised
€25 Million
Round Type
Series B
TallinnFinancial ServicesFintechLendingBankingInvestors
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.
Quick answer
Tuum raised €25 Million in a Series B round, dated March 14, 2024. Investors: Commerz Ventures and Citi Ventures. Tuum is based in Tallinn, Harju Maakond, Estonia.
- How much did Tuum raise?
- Tuum raised €25 Million in a Series B round on March 14, 2024.
- Who invested in Tuum?
- Commerz Ventures and Citi Ventures are named as investors in this round.
- What does Tuum do?
- 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.
- Where is Tuum based and how big is it?
- Tuum is based in Tallinn, Harju Maakond, Estonia. Fundz records about 130 employees.
- Who are the decision-makers at Tuum?
- Fundz holds 1 contact at Tuum. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Fintech around the same time
Companies in the same sectors as Tuum that raised within 45 days of this round, from Fundz verified event records.
- QI Tech raised an undisclosed amount (Series B) on April 25, 2024.
- Constantinople raised $50M (Series A) on April 1, 2024.
- Aye Finance raised $137M (Debt Financing) on March 27, 2024.
- Akulaku raised $100M (Funding Round) on March 25, 2024.
- Custodia Bank raised $2.9M (Seed) on March 21, 2024.
- Triumph Financial raised an undisclosed amount (Series C) on March 8, 2024.
Who to call at Tuum, and when
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- An alert the day Tuum raises, hires an executive or expands, scored against what you sell
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Funding Insights
What this usually meansTuum raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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