Tumelo raises $19m

Tumelo has announced the completion of a $19 million funding round.

Tumelo is an impact-focused financial tech firm aiming to provide retail investors and pension members with a more sustainable investment system. It uses a white-label software delivered via APIs or a user dashboard.

The fundraise was led by US-based FinTech venture fund Treasury, which is run by the co-founders of Betterment, Acorns, and Say Technologies.

The FinTech said that the investment will extend its reach across the UK, as well as support its expansion into the US, Australia, and other markets.

“Tumelo has transformed from a student campaign into a daring FinTech with a blossoming team,” said Georgia Steward, chief executive and co-founder, Tumelo. “The incredible calibre of institutional and private investors who have committed to our vision and backed our growth is a testament to the strength of our mission, product, culture and execution to date.

“I am excited to work closely with them all to lift our product, team and achievements to the next level and bring shareholder democracy to the global financial system.”

    Share Story:

Recent Stories


New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.