Tuum’s decision to set up its regional headquarters in ADGM, Abu Dhabi, places the company at the center of the Middle East’s financial and fintech ecosystem. 

Our expansion into the Middle East, supported by our recent funding success, is testament to our commitment to bring this transformation to a region ripe for digital banking innovation.

Myles Bertrand, CEO of Tuum

The establishment of the ADGM office is seen as a strategy that not only brings Tuum closer to its Middle Eastern clients but also signals its dedication to being an integral part of the region’s fintech growth.

Core Banking Platform Improvement

The company plans to use the funds from the Series B round to further improve its core banking platform, tailoring it to the region’s regional-specific requirements. This includes deploying the cloud-native core banking platform in various configurations, such as SaaS (with the first regional deployment on Google Cloud in Saudi Arabia) and bank-hosted public, private, or hybrid environments. This flexibility is important for regulatory compliance across different Middle Eastern countries and leveraging the scalability of cloud deployments.

Building Local Presence and Partnerships

To facilitate its regional operations, Tuum is assembling an on-the-ground team of sales and industry experts who possess deep knowledge of the Middle Eastern financial landscape. 

Opening our office at the ADGM is a strategic step that not only brings us closer to our Middle Eastern clients but also underscores our dedication to being an integral part of the region’s fintech growth story.

Myles Bertrand, CEO of Tuum

Tuum is strengthening its ties with existing partners like Deloitte and Publicis Sapient, which have a significant presence in the region, to offer tailored support to customers.