Estonia’s Tuum Chosen by Bondora to Power EU Digital Banking Plans

Tuum, a next-generation core banking platform based in Estonia, has been selected by Bondora, a European consumer finance provider, to support its plans to become a fully licensed digital bank and to modernise its lending operations across several EU markets.

The partnership will see Tuum provide its cloud-native core banking system to support both Bondora’s planned greenfield digital banking initiative and the migration of its existing consumer credit operations.

This will bring both areas of the business onto a single modular platform.

With more than 16 years in the market, Bondora is a digitally focused fintech company operating in five EU countries.

As part of its preparations to become a licensed bank, the company intends to launch deposit and consumer lending products using Tuum’s platform once it receives regulatory approval.

It will use Tuum’s lending and savings modules as well as its real-time architecture to support efficient expansion across Europe.

What began as a greenfield project to support Bondora’s future banking services has since grown to include its existing lending operations, forming a unified infrastructure for the company’s next phase of growth.

The platform will be deployed on the public cloud through AWS, allowing Bondora to meet regulatory requirements in areas such as business continuity, security, and operational resilience, while also gaining the benefits of software-as-a-service delivery.

“Choosing Tuum means we can focus on customer experience and innovation while building on a modern, scalable foundation,”

said Andrus Raudsalu, Chief Strategy Officer at Bondora.

“With Tuum, we can serve our customers better while reducing the burden of infrastructure build and maintenance.”

Tuum was selected for its modular design, cloud-native architecture, and ability to meet strict EU regulatory standards.

Its experience working with other financial institutions in the Eurozone, including LHV and OP Financial Group, was also a factor in the decision.

“This deal reflects the growing trend of tech-first institutions evolving into fully licensed banks, and the need for platforms that support both innovation and compliance at scale,”

said Rivo Uibo, Chief Business Officer and Co-founder of Tuum.