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Estonia’s LHV Group invests in core banking startup Tuum


Estonian monetary companies outfit LHV Group has invested €1 million in Tuum, its core banking platform supplier.

The strategic funding signifies that LHV is now a companion, buyer and investor in native outfit Tuum, which gives an API-first, cloud-agnostic and modular banking platform that covers all retail and enterprise banking processes.

Final October, Tuum gained entry to LHV’s companies, enabling it to supply prospects with real-time pound and euro funds, digital Ibans, foreign money alternate accounts and foreign money alternate transactions.

Then, final month LHV additionally chosen Tuum to supply the core infrastructure for its banking operations within the UK.

Madis Toomsalu, CEO, LHV Group, says: “For LHV, that is an funding that may assist us mix our personal pursuits with a strategically essential companion and additional strengthen our place amongst monetary know-how firms.

“Along with Tuum, we can provide fintech start-ups and corporations working in different fields the chance to enter the market with new versatile monetary merchandise extra simply and sooner.”

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