Modular Technologies OÜ (TUUM) raises 25 million euros in series B financing

Modular Technologies OÜ (TUUM) secured 25 million euros in a series B financing round, which was led by CommerzVentures and bolstered by Speedinvest, along with the continued support of their existing investors.

This investment will enable TUUM to spearhead a banking revolution with agile and expansive solutions.

TUUM, founded in 2019 Estonia, 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. 

Our work comprised of advising Modular Technologies OÜ (TUUM) throughout the entire transaction. The client was advised by Managing Associate Ott Aava, Senior Associate Kerli Paasoja and Junior Associate Elis Toim.