Tuum to support Bondora’s digital banking ambitions across Europe

By Gloria Methri

Tuum, a next-generation core banking platform, has been selected by Bondora, a long-established European consumer finance provider, to power its digital banking ambitions and streamline its lending operations across multiple EU countries.

The partnership marks a major step in Bondora’s transformation strategy as it explores the transition from a consumer lending business to a fully licensed digital bank. Tuum’s cloud-native platform will support both Bondora’s upcoming digital bank and its existing credit operations, bringing the two onto a unified, scalable core banking system.

Bondora, active in the European FinTech space for over 16 years, currently operates in five EU markets. With a strong digital foundation, the company aims to expand its offering by launching regulated banking products such as consumer loans and deposits. This will be enabled through Tuum’s modular banking platform, which includes dedicated lending and savings modules and supports real-time processing.

Initially, the focus was on creating a greenfield technology setup to support the digital bank. However, the scope has now widened to include the migration of Bondora’s existing lending business to the same platform. This strategic shift to a unified infrastructure will allow the company to scale more efficiently while simplifying operations and regulatory compliance.

Tuum will be deployed on the public cloud using Amazon Web Services (AWS), ensuring that Bondora can meet regulatory expectations around operational resilience, security, and continuity. The cloud-based setup also provides the speed, flexibility, and cost-efficiency required to grow quickly in a competitive market.

Commenting on the decision, Andrus Raudsalu, Chief Strategy Officer at Bondora, said, “Choosing Tuum means we can focus on customer experience and innovation while building on a modern, scalable foundation. With Tuum, we can serve our customers better while reducing the burden of infrastructure build and maintenance.”

Bondora selected Tuum based on its cloud-native architecture, modular design, and ability to support rapid expansion while complying with strict EU regulatory standards. Tuum’s experience working with other regulated European institutions, such as LHV and OP Financial Group, added to its credibility.

Rivo Uibo, Co-founder and Chief Business Officer at Tuum, stated, “This deal reflects a growing trend of tech-first lenders evolving into fully licensed banks. Bondora’s journey highlights the need for platforms that enable both innovation and regulatory compliance at scale. We’re proud to support them on this important transition.”