Citi Ventures has become a strategic investor in Tuum in an extension to the Series B funding round Tuum announced in February. Together with its investment, Citi Ventures will introduce Tuum to key stakeholders within Citi, the bank, to explore commercialization opportunities, Tuum said in a Thursday (March 14) press...
Core banking platform Tuum has raised $26 million to expand to new parts of Europe. The Estonian company’s Series B funding round, announced Tuesday (Feb. 6), will allow the company to target new territories in central and southern Europe and the Middle East, enhance its direct sales and...
Visa has completed its previously announced acquisition of Pismo. With the addition of this global cloud-native issuer processing and core banking platform, Visa and Pismo will together provide clients with core banking and card-issuer processing capabilities across all product types via cloud-native application programming interfaces (APIs), Visa...
Visa plans to acquire Pismo for $1 billion cash to provide more solutions to its customers. The acquisition will also expand the geographic footprint of Pismo, a cloud-native issuer processing and core banking platform that has operations in Latin America, Asia-Pacific and Europe, the companies said in a...
March 18, 2024
Embedded payments, embedded lending and a continuing shift to virtual cards all demand a reconsideration of technical infrastructure. Banks, grappling with legacy back-end systems, and FinTechs, seeking to innovate within financial services — and smaller businesses aiming to engage with their end markets — have seen a rush of providers streamlining those efforts, with notable […]
March 14, 2024
Citi Ventures has become a strategic investor in Tuum in an extension to the Series B funding round Tuum announced in February. Together with its investment, Citi Ventures will introduce Tuum to key stakeholders within Citi, the bank, to explore commercialization opportunities, Tuum said in a Thursday (March 14) press release. “This investment from one of the largest banking groups […]
February 06, 2024
Core banking platform Tuum has raised $26 million to expand to new parts of Europe. The Estonian company’s Series B funding round, announced Tuesday (Feb. 6), will allow the company to target new...
January 16, 2024
Visa has completed its previously announced acquisition of Pismo. With the addition of this global cloud-native issuer processing and core banking platform, Visa and Pismo will together provide clients with core banking...
June 28, 2023
Visa plans to acquire Pismo for $1 billion cash to provide more solutions to its customers. The acquisition will also expand the geographic footprint of Pismo, a cloud-native issuer processing and core banking...
