LHV takes €1m stake in its core banking provider Tuum
An even closer relationship for the two Estonian fintechs.
Tuum’s chief business officer and co-founder Rivo Uibo said he is: “very proud that [LHV] have not only entrusted us to handle the entire core banking needs of their UK operations but have now also decided to become an important investor in our platform.”
From LHV’s side, its CEO Madis Toomsalu called the €1m deal: “an investment that will help us combine our own interests with a strategically important partner and further strengthen our position among financial technology companies.”
“Together with Tuum, we can give fintech start-ups and companies operating in other fields the opportunity to enter the market with new flexible financial products more easily and faster."