CrediNord launches on Tuum, bringing agility to “stiff” finance sector

17 May 2022CrediNord, the online platform for business lending aimed at SMEs and micro-enterprises, has announced that it has chosen Tuum’s API-first core banking platform as the engine to power its mission of reinventing business lending in Europe. 

CrediNord supports small and medium-sized enterprises with business loans that foster growth and shield from unexpected losses. The company opted to replace its existing legacy system with Tuum’s modular core banking platform in order to better automate processes around future outgoing and incoming payments, and to be able to flexibly change loan terms as needed. CrediNord is now better positioned to adapt to regulatory changes and to expand into new markets.

In addition to migrating their existing features, CrediNord also leverages Tuum’s capabilities to develop new, personalised loans products and bring them to market in no time, thus better serving their customers. This approach enables them to offer their services in a more sophisticated manner when compared with traditional banks and lenders.

Vilve Vene, co-founder and CEO of Tuum: “CrediNord’s mission to bring agility to a financial sector often categorised as rigid and stiff is something that resonates with us at Tuum. As such, this partnership is a natural fit, and it is exciting to see how they are revolutionising how SMEs can manage their finances. At Tuum, we are always proud to support companies that are bringing fresh waves of innovation to the financial services sector.”

Roope Lindroos, Founder of CrediNord: “As CrediNord continues to push the envelope in the SME lending market, we needed a core banking system that enabled us to innovate and scale at pace. Tuum not only has the technology that we require, they have also proven to be valuable partners in helping us to achieve our business goals.

CrediNord is soon expanding to Netherlands and is broadening its product offering by introducing revenue based lending options where clients can say farewell to long application processes and stiff repayments. We like to call the model pay-as-you-earn, such where clients can put their repayments on autopilot and concentrate on what they do the best, running their businesses.”

Back to News

Don’t miss out!

Subscribe to Tuum’s monthly newsletter

Build, expand, and scale with Tuum

Write us a line and find out how to transform your business with us