Tuum is a next-generation core banking platform. It underpins the aims of both regulated banks and other businesses in meeting customer needs and aspirations by enabling the rapid rollout of new financial services.
In September, the company – formerly known as Modularbank – changed its name to Tuum, which means “core” in Estonian, highlighting both its native roots and its goal to help customers supercharge their business from within through the use of its banking technology.
The company was founded in 2019 by a small group of Estonian financial IT pioneers and entrepreneurs who have a strong background in banking, including Vilve Vene, now the firm’s CEO. In the two years that the company has been operating, it has seen rapid growth and has already acquired an impressive customer base throughout Europe. It currently employs over 60 people across Europe with offices now in Tallinn, Berlin and Malaga. In December 2020, it closed a funding round of four million euros.
Vene speaks with Andrew Wrobel about the development of fintech during her career, which now spans more than two decades, about women in tech, and about her own successes and failures on the way.
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