Solidgate taps Tuum for global money movements
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This strategic collaboration allows global digital companies to seamlessly manage cross-border payments through business accounts and cards, simplifying global B2B transactions and providing faster, more secure services for rapid growth.
At the core of Solidgate Treasury lies a strong, industry-leading infrastructure and direct connection to global transfer rails, such as SEPA and SWIFT. Tuum's cutting-edge core banking platform forms the backbone, providing Treasury with necessary, ready-to-go solutions to enable money movement via multiple channels, including global transfers, card payments, and direct integrations with leading service providers in the fintech world.
'We are excited to work with such a strong network of partners to make Solidgate Treasury happen,' said Andrii Stas, PM at Solidgate Treasury. 'Thanks to Tuum's ready-to-go solutions, we can ship multiple payment rails like SEPA, SWIFT, and services like mass payouts to cards and accounts to our customers in a very short period of time.'
The ability to scale and handle high volumes of transactions is crucial for Solidgate. Tuum's proven track record of powering LHV's Banking-as-a-Service platform, which supports over 200 fintechs worldwide and processes 7% of all European Instant Payments, demonstrates its ability to scale alongside growing businesses.
This made Tuum the perfect partner for Solidgate to launch Treasury and support increasing transaction volumes as its merchants scale their businesses globally.
Tuum's modern, cloud-native architecture, built on microservices and API-first technologies, was a key factor in Solidgate choosing Tuum as its partner. Tuum's flexibility supports Solidgate's goals for innovation in the payments space, which allows it to introduce new services and ensure secure and efficient payout infrastructure for it's clients as they expand into new markets.
'At Tuum, our mission is to provide the technological foundation that allows our partners to innovate without limits,' said Miljan Stamenkovic, Chief Revenue Officer at Tuum. 'With Solidgate's ambition to introduce Treasury for its merchants, we're proud to deliver a platform that not only supports rapid product launches but also expands its capabilities through seamless integration with best-in-class providers. This collaboration demonstrates how our flexible, API-first architecture empowers businesses to meet current market demands and scale for future growth in the evolving payments landscape.'
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