Tuum
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Tuum - overview
Established
2019
Location
Tallinn, -, Estonia
Primary Industry
Financial Services
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 The company offers a cloud-based solution that facilitates migration from outdated systems, its platform enables banks to introduce new products.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.
Current Investors
BlackFin Capital Partners, Plug and Play, Karma Ventures
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.tuum.com
Verticals
FinTech
Company Stage
Series B
Total Amount Raised
Subscriber access only
Tuum - timeline of key events
Tuum - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 1,030,258 | 1,273,312 | 974,242 | - | - | - |
| % Revenue Growth (YoY) | - | 23.6% | (23.5%) | - | - | - |
| EBITDA (USD) | 949,015 | (193,211) | (2,527,988) | - | - | - |
| Operating Income (USD) | 944,081 | (267,748) | (2,728,666) | - | - | - |
| Operating Margin | 91.6% | (21.0%) | (280.1%) | - | - | - |
| % EBITDA Margin | 92.1% | (15.2%) | (259.5%) | - | - | - |
| NET Income (USD) | 944,086 | (268,074) | (2,755,440) | - | - | - |
| % Net Margin | 91.6% | (21.1%) | (282.8%) | - | - | - |
Tuum - employee data
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