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HomeBusinessCore banking tech challenger Tuum appoints new CEO, eyes global expansion

Core banking tech challenger Tuum appoints new CEO, eyes global expansion

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Tuum, a core banking tech challenger, has appointed Myles Bertrand as its new CEO. The company aims to expand globally and become a market leader in core banking. Tuum experienced rapid growth, with a 400% increase in annual recurring revenue last year. It has secured funding and counts LHV Bank among its clients.

Facts

  • Tuum has appointed Myles Bertrand as its new CEO.
  • Tuum experienced rapid growth, with annual recurring revenue (ARR) increasing by 400% last year.
  • Tuum aims to grow globally and become a market leader in core banking.
  • Tuum raised €15 million in a Series A funding round and later received €1 million from LHV Group.
  • LHV Bank, which has a banking subsidiary in the UK, selected Tuum as its core banking software provider.
  • Tuum’s flagship offering is API-first, modular, cloud-native, and cloud-agnostic.
  • Tuum employs 100+ people and has clients across Europe, including SweepBank from Ferratum Bank.

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