# Tuum

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tuum

- Industry: Financial Services
- Headquarters: Tallinn, Estonia
- Website: www.tuum.com
- Total disclosed funding: $49M
- Latest round: Series B (Mar 14, 2024)
- Investors on record: 8

## About

Founded in 2019 and based in Tallinn, Estonia, Modular Technologies OÜ, trading under the name Tuum, operates as a financial technology company that provides digital banking platforms to automate processes in the banking sector. In March 2024, the firm raised an amount of Series B funding from investor Citi Ventures. As of 2024, the company is headed by its CEO Myles Bertrand.

The company offers a cloud-based solution that facilitates migration from outdated systems, its platform enables banks to introduce new products. Tuum offers a core banking platform that supports multiple business lines including accounts, lending, payments, and card services from a single integrated system alongside access to a pre-configured ecosystem of partner solutions.

The company plans to use the March 2024 funding to support its geographical expansion.

## Funding rounds

- Series B, Mar 14, 2024 — Citi Ventures
- Series B, Feb 6, 2024, $27M — Commerzbank, Speedinvest
- Series A, Jan 26, 2022, $17M — BlackFin Capital Partners, Karma Ventures, Portage Ventures
- Seed, Dec 9, 2020, $4.8M — BlackFin Capital Partners, Plug and Play, Karma Ventures, Siena Capital

## Investors

- BlackFin Capital Partners (https://capitalatlas.ai/funds/blackfin-capital-partners) — Seed, Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Karma Ventures (https://capitalatlas.ai/funds/karma-ventures) — Seed, Series A
- Siena Capital — Seed
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Series A
- Commerzbank (https://capitalatlas.ai/funds/commerzbank) — Series B
- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Series B
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series B