Tuum and Marqeta have teamed up to offer a pre-integrated fintech solution. Utilizing the open API platform of Marqeta, the goal is to reduce the time to market for Tuum’s clients.
The cloud-native core banking solution from Tuum allows businesses to launch and manage their own card programs, issue cards, and authorize and settle transactions. Tuum is a modular core banking technology provider that prioritizes APIs.
The business received USD 15 million in a Series A funding round led by Portage Ventures in January 2022. Vice President of Global Partnerships Jean Souto commented on the partnership with Marqeta.