Tuum appoints former Mambu MD as new CEO

Core banking platform Tuum has appointed Myles Bertrand as its new CEO.

The new appointment comes just under a year after the Estonian fintech appointed Sergei Anikin to the role of CEO, who took over from co-founder Vilve Vene.

Bertrand joins the company from Singapore-based B2B digital micropayments platform DT One, where he was chief revenue officer for just under a year.

Prior to that, he was a managing director at one of Tuum’s rivals, cloud banking software company Mambu, for more than four years.

“I am passionate about core banking technology and the impact it will have in transforming the financial services world as we know it,” Bertrand said.

“To rejoin this industry as head of the most forward-thinking company in this field is incredibly exciting and I look forward to taking Tuum to the next level.”

Tuum’s platform, which Bertrand described as “highly scalable and functionally rich”, reportedly saw “extensive growth” last year, with annual recurring revenue (ARR) of almost 400 per cent on last year.

Bertrand will focus on expanding the company’s client base and product offering, growing the team and international footprint.

“Myles brings a wealth of invaluable experience to the Tuum team and strong leadership, having driven massive growth in all operations he has run in APAC and globally,” Tuum chairman of the board and karma.vc founding partner Margus Uudam said.

“Demand for next-generation, core banking technology is growing rapidly and Myles’s expertise in both this unique fast-paced technology area and in managing global expansion will be a huge asset to Tuum as we seek to build on our leadership in the Nordic market to become a global leader in the core banking market.”

On the C-suite, Bertrand joins fellow recent hire Edgardo Torres-Caballero, who joined Tuum as chief revenue officer in February having similarly spent five years at Mambu as a managing director.